Privatization In Russia

Privatization in Russia As a result of privatization in Russia, tens of thousands of state- owned enterprises - from small(a) sell shops to major industrial enterprises - have been transformed into privately owned companies. Millions of Russian citizens became owners. The privatization is guided by the special government performance program which operates on different administrative levels: federal, regional and municipal. The administration on any given level are compulsory to privatize only those assets transferred to their ownership.

Large-scale privatization By July 19 94, 15,052 medium and lifesize enterprises, employing more than 80% of the industrial workforce, had been privatized in a voucher-based privatization scheme. The second (post-voucher), cash-based phase of privatization is under way now. Government blocks of shares will be sold primarily to strategic investors in special enthronization tenders. The list of ?strategic enterprises?, including energy, defence and utilitie...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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