Belarus CEOs to face punishment over failed business plans

Chief executive officers of Belarus government-owned concerns Bellesprom, Bellespaperaprom and Belbiopharm will be subjected to disciplinary responsibility for failing to implement their business development plans, Interfax quotes Belarus's Economy Minister Mikalai Zaichanka as saying. Bellespaperaprom did not fulfill 70.3 percent of the business plan implementation plan, with Belbiopharm and Bellesprom reporting 66.7 percent and 61.2 percent of the failed business plans, respectively, Zaichanka said.

Apart from the top state managers, high-ranking officials at Homel regional executive council will be penalized for failing to fulfill business plans in the first quarter of 2008.