Gloom in Russia

Article Abstract:

The financial crisis in Russia has halted Russian privatization activities. Arkhangelsk Airlines, Rosneft, the St. Petersburg seaport and Gazprom are all awaiting privatization. Gazprom submitted a plan to the government to sell its stake over a five-year period. It is important for Gazprom and the government to coordinate their sales to ensure that each side obtains the most revenue for its stake.

Acquisitions & mergers, Gas Utilities, Natural Gas Distribution, Russia, Financial Administration-Natl Govt, Gas Production and Distribution, Economic aspects, Mergers, acquisitions and divestments, Public finance, OAO Gazprom

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Diary of a dynamic privatisation agency chief

Article Abstract:

Latvian Privatization Agency Dir Gen Janis Naglis has successfully managed the privatization of most of Latvia's large state enterprises and 96% of its small and medium-sized enterprises. He and his staff of 120 work 12 hours to 14 hours per day. Naglis enjoys his work but takes time for sports afterwards.

Government domestic functions, Latvia, Public Administration & Finance, Management, Economic policy, Privatization, Privatization (Business)

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