Russia awaits elections
Article Abstract:
It looks increasingly unlikely that the Russian government will reverse its shares-for-loans privatization programme, despite political opposition. The government is relying heavily on the income it has gained from the scheme, which has been criticised because of its lack of transparency. Under the scheme, the government sold its shares in 12 large companies in exchange for loans. The auction scheme was devised and run by several major banking groups, some of which were also successful in the auction process.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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Duma seeks to influence state sales
Article Abstract:
Members of the State Duma in Russia have criticised the government's lack of clear policies for the second phase of privatisation. The State Property Committee's report found that voucher privatisation has not established real conditions for major investment in Russian industry. The State Duma has called on the government to submit a corrected draft programme for the second phase of privatisation.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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Russia could do better
Article Abstract:
The acting head of the State Property Comittee (GKI) in Russia, Alfred Kokh, is concerned about the low level of proceeds raised by the country's privatisation programme. There is pressure from enterprise directors and regional administrations who say that control over the economy will be ruined by the sale of shares.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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