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Russia, Belarus PMs agree to keep working on KAMAZ-MAZ merger

November 20, 2013, 17:32 UTC+3 STRELNA
Belarusian Prime Minister Mikhail Myasnikovich noted that it is quite real to set up a joint company
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© ITAR-TASS/Maxim Shemetov

STRELNA, November 20. /ITAR-TASS/. The prime ministers of Russia and Belarus agreed to keep working on the issue to merge the major motor producers KAMAZ and MAZ, Russian Prime Minister Dmitry Medvedev told a news conference upon the results of a meeting of the Councils of CIS Heads of Governments here on Wednesday.

“After all we agreed to continue constructive work and to try to answer these questions as quickly as possible,” Medvedev noted.

“Unfortunately, despite mutual intentions to come to terms we have reached no agreements yet,” the Russian prime minister stated. “We believe that this would be really useful for our countries and for these major enterprises,” he said. Medvedev noted that legal difficulties probably exist, there is a difference in approaches to some issues, there are some questions of production economy, “but it seems to me that it is high time to end these debates and to pass to a real merger, or close this issue, because it has been dragging for a long period of time and probably makes the labor staffs, owners nervous, but no result is achieved.”

For his part, Belarusian Prime Minister Mikhail Myasnikovich noted that it is quite real to set up a joint company.

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