Print this page
Tuesday, 21 October 2003
ARMENIAN PARLIAMENT QUERIES PRIVATIZATION STRATEGY
By empty (10/21/2003 issue of the CACI Analyst)
In a report circulated to legislators and made available to RFE/RL\'s Yerevan bureau, the parliament Audit Chamber highlighted \"significant shortcomings\" in the government\'s three-year program to privatize remaining state-owned enterprises, RFE/RL\'s Yerevan bureau reported on 20 October. The government program, which should be completed by the end of this year, envisaged the sale of almost 1,000 enterprises, but in 2000-2001 only 350 were sold. Moreover, in many cases the sales were not transparent, and according to Audit Chamber deputy head Gegham Gasparian, many entities were sold for less than one fifth of their face value as estimated by the State Property Committee.
In a report circulated to legislators and made available to RFE/RL\'s Yerevan bureau, the parliament Audit Chamber highlighted \"significant shortcomings\" in the government\'s three-year program to privatize remaining state-owned enterprises, RFE/RL\'s Yerevan bureau reported on 20 October. The government program, which should be completed by the end of this year, envisaged the sale of almost 1,000 enterprises, but in 2000-2001 only 350 were sold. Moreover, in many cases the sales were not transparent, and according to Audit Chamber deputy head Gegham Gasparian, many entities were sold for less than one fifth of their face value as estimated by the State Property Committee. (RFE/RL)