The privatization of small and medium state-owned companies and a liberal law on establishing new firms marked the rapid development of a private sector now responsible for at least two-thirds of economic activity.
The strategy includes improving infrastructure, overhauling the tax system to bolster government revenues, and moving toward further deregulation and privatization of the economy.
Governmental control of economic affairs has gradually lessened over the past decade with increasing privatization of trade and commerce, simplification of the tax structure, and a prudent approach to debt.
Other government objectives include: the completion of land reform, the privatization and strengthening of the banking system, and the modernization of the legal environment of business.
Further progress on public finance depends mainly on comprehensive reform of the social welfare system and privatization of Poland's remaining state sector.
The government must persist in efforts to manage its sizable external debt and extend its privatization program.
Privatization of state-owned industries stagnated, although the first auction of a mass privatization program was undertaken in late 1996.
The first applications under the land privatization law have been marked by a number of disputes over particular sites.
Current concerns include: privatization of state-owned enterprises, expansion of democracy and political freedoms, interethnic relations, and combating terrorism.
Privatization of several enterprises in coming years may stimulate long-run foreign investment.
Major domestic privatization programs were undertaken, as well as the fostering of foreign investment through international tender of the oil distribution company, a leading cashmere company, and banks.
The privatization of industry has been at a slower pace, but has been given renewed emphasis by the current administration.
Government controls have been reduced on imports and foreign investment, and privatization of domestic output has proceeded slowly.
Continued privatizationof medium and large state-owned enterprises will further increase productivity.
Privatization of the large, state-owned utilities, particularly in the energy sector, is nearing completion.
The government is pushing economic restructuring and privatizationmeasures in anticipation of the 1992 European Community timetable to form a single large market in Europe.
Also, electricity has been in short supply; the privatization of the sector in August 1999 is expected to improve prospects.
Privatization of the large state-owned utilities, particularly in the energy sector, and reducing the high current account deficit remain challenges for the coming year.
Agreement has been reached on the privatization of several more enterprises in coming years, which should stimulate long-run foreign investment.
Current goals include attracting foreign investment, strengthening the educational system, continuing the privatization program, and waging an anti-corruption campaign.
The government in 1999 announced plans to begin privatizing the electricity companies, which follows the ongoing privatization of the telecommunications company.
Key reform initiatives from the previous administration - including the privatization of public utilities - remain uncompleted.
Privatization of state enterprises remains bogged down in political controversy, while the country's dynamic private sector is denied both financing and access to markets.
Yet it still is struggling with privatization of large state enterprises and with bank reform.
While slow progress has been made in recapitalizing the financial sector, tough measures - such as implementing a privatization plan and forcing the private sector to restructure - remain undone.
The pace of substantial privatization has increased in recent years.
Privatization of large state-owned utilities and the shipping industry faced more delays in 2000, and political instability will continue to delay completion of the privatization process over the next year.
Major challenges remaining include the reduction of unemployment and further restructuring of the economy, including the privatization of some leading state enterprises.
The strategy includes improving infrastructure, overhauling the tax system to bolster government revenues, moving toward further deregulation andprivatization of the economy, and increasing trade integration with the region.
In 1997, an IMF mission to Gabon criticized the government for overspending on off-budget items, overborrowing from the central bank, and slipping on its schedule for privatization and administrative reform.
Moves to complete banking, telecommunications and energy privatization will add to foreign investment, while intensified restructuring among large enterprises and banks and improvements in the financial sector should strengthen output growth.
The government is moving ahead with privatization of its utilities, the development of a body of commercial law to facilitate foreign investment, and increased budgetary outlays.
The complexity of Serbia and Kosovo's political and legal relationships has created uncertainty over property rights and hindered the privatization of state-owned assets in Kosovo.
The government began a comprehensive restructuring of the economy in 2003 - including elimination of price controls, privatization of the state banana company, and tax increases - to address Dominica's economic crisis and to meet IMF targets.
Reforms in the more politically sensitive areas of structural reform and land privatization are still lagging.
Meantime the government emphasizes reduction of poverty, improvement of health and education, and promoting privatization of the economy.
Continued reform in the management of state-owned power entities is essential to successful privatization and onward sustainability in this sector.
Government objectives include streamlining the bureaucracy and further privatization of state assets.
During 2003, however, the government deregulated fuel prices and announced the privatization of the country's four oil refineries.
To cut costs the government has called for a freeze on wages, a reduction of over-staffed public service departments, privatization of numerous government agencies, and closure of some overseas consulates.
About half of GDP now comes from the private sector even though privatization of the large state-owned enterprises is proceeding slowly and most industry remains in state hands.
The government plans more extensive privatization in 1994 to improve the management of state enterprises and to encourage foreign investment in ailing state firms.
Economic restructuring and privatization have just begun, and price liberalization and price increases have been accompanied by generous wage hikes and subsidies.
President YEL'TSIN's government has made some progress toward a market economy by freeing most prices, slashing defense spending, unifying foreign exchange rates, and launching an ambitious privatization program.
The UAE government is encouraging increased privatization within the economy.
Russia made good progress on privatization in 1993 despite active opposition from key cabinet members, hard-line legislators, and antireform regional leaders.
He has limited the previous government's privatization plans, for example, and has called for generous welfare spending and real wage increases.
High unemployment will continue to plague the MENEM administration for the next several years as provincial entities are readied for privatization and more public sector employees are laid off.
Mass privatization of state-owned industry continued to move slowly, although privatization of small-scale industry, particularly in the retail and service sectors, accelerated.
His successes so far have included the signing of a free trade agreement with Mexico and progress on his unique privatization plan.
Privatization is virtually nonexistent and the system of state orders and distribution persists.
Small- and medium-scale privatizationis essentially complete, and large-scale privatization is progressing, but slowly.
The IMF and France are considering offering financial assistance in 1996 if Gabon shows progress in privatization and fiscal discipline.
Prospects for 1996 are good, with the government promising to push privatization and social welfare reform.
The mainprivatization bill was passed by the Bolivian legislature in late March 1994.
The government must persist in efforts to manage its $2 billion external debt, control inflation, and extend the privatization program.
The state eliminated price and exchange controls, reduced the long-standing subsidy on gasoline, and revitalized its stalled privatization program.
Continuing economic recovery in western Europe should boost exports and production, but Slovakia's image with foreign creditors and investors could suffer setbacks in 1997 if progress on privatization and restructuring stalls.
It has proposed a balanced budget for 1997, although this is widely regarded as over optimistic because it is based on earning more privatization revenue in one year than Turkey has earned over the last decade.
The UAE Government is encouraging increasedprivatization within the economy, and industrial development is expected to pick up in 1997.
However, the socialist victory at the polls in June 1997 casts doubt on France's future policy toward economic union and privatizationof domestic economic activity.
The pace of the privatization of state-owned firms increased toward the end of 1994.
In an effort to reduce its dependence on foreign aid, the government is pursuing public sector reforms, including privatization of some government functions and personnel cuts of up to 7%.
Detailed governmental control of economic affairs has gradually lessened over the past decade with increasing privatization of trade and commerce, simplification of the tax structure, and a cautious approach to debt.
Prague's mass privatization program, including its innovative distribution of ownership shares to Czech citizens via "coupon vouchers," has made the most rapid progress in Eastern Europe.
In 1999, Bosnia's major goals are to implement privatization and make progress in fiscal reform and management.
Rwanda has also embarked upon an ambitious privatization program with the World Bank.
Foreign direct investment and the privatization program maintained their momentum in 1998.
Current issues include encouraging and negotiating the terms for foreign investment; strengthening the educational system; continuing the privatization program; pursuing judicial reform and an anti-corruption campaign.
Tough measures--including passage of adequate bankruptcy and foreclosure legislation as well as privatization of state-owned companies and recapitalization of the financial sector--remain undone.
To cut costs the government has called a freezing of wages, a reduction of over-staffed public service departments, privatization of numerous government agencies, and closure of some overseas consulates.
The government enacted a new tax law and speeded upprivatization in 1998 but made no progress on badly needed social security reform.
Other issues facing the government are the curbing of the budget deficit and further privatization of public enterprises.
The 2001 privatization policy should continue in telecommunications, water, electricity, and agriculture in spite of initial government reluctance.
The strategy includes improving infrastructure, overhauling the tax system to bolster government revenues, furthering deregulation and privatization of the economy, and increasing trade integration with the region.
Privatization of the large, state-owned utilities, particularly in the energy sector, is underway.
Current goals include attracting foreign investment, strengthening the educational system, continuing the privatization program, and waging an anticorruption campaign.
Prices have been freed, andprivatization of shops and farms has begun.
To prepare for the European single market, the government is restructuring and modernizing the economy and in 1989 embarked on a major privatization program.
The current government has put reform, including privatization of some public sector companies and an overhaul of the banking and financial system, on hold, but has continued efforts to admit private enterprise to the hydrocarbon industry.
Privatization of state enterprises is progressing, although excessive red tape, bureaucratic oversight, and uncertainties about pricing have slowed the process.
The government in 1992 continued to push privatization of the economy and freed many prices.
The government is moving away from the Soviet-style, centrally planned economy through privatization and price reform.
Fitful economic reforms begun during 1991, including the liberalization of prices and trade, the privatization of shops and transport, and land reform, were crippled by widespread civil disorder.
The agricultural sector is steadily gaining from the privatization process.
Little progress on large scale privatization has been made since a law providing for the privatizationof large state firms was passed in August 1991.
However, most of the early privatization will involve converting state firms into joint-stock companies.
In 1990, to improve the economy, the government approved a mandate for Sweden to seek EC membership and an austerity and privatization package and implemented a major tax reform.
New laws providing for the privatization of large state firms have been passed.
The new government is continuing the previous government's economic program, while trying to speed privatization and to better cushion the populace from the dislocations associated with reform.
The government in 1991 pushed privatizationof the economy at a faster pace than Russia's program.
The government is moving away from the Soviet-style centrally planned economy through privatization and price reform.
Albania began fitful economic reforms during 1991, including the liberalization of prices and trade, the privatization of shops and transport, and land reform.
These reforms center on fiscal restraint, trade liberalization, and privatization of state utilities and commercial banks.
Since May 1991, the government has been encouraging privatization and foreign investment.
Privatization of state enterprises is progressing, although excessive redtape, bureaucratic oversight, and uncertainties about pricing have slowed the process.
A law providing for the privatization of large state firms has been passed.
Small entrepreneurs have begun to emerge and some privatization of small enterprises has taken place.
Privatization of the state-owned telecommunications firm Cesky Telecom is scheduled to take place in 2005.
However, privatization of state-owned enterprises had not occurred by the end of 2004, as promised during the Paris II conference.
Privatization of government-owned industries has proceeded slowly, and continues to generate political debate; continued social, political, and economic rigidities hold back needed initiatives.
Prague's mass privatization program, including its innovative distribution of ownership shares to Czech citizens via 'coupon vouchers,' has made the most rapid progress in Eastern Europe.
The government has pursued a moderate program of economic reform and privatization which is gradually lifting state controls over economic activity and shifting assets into the private sector.
Further privatization and further improvements in government administrative efficiency are among the challenges for the future.
With the onset of economic hard times, even cautious moves toward economic restructuring and privatization have slowed down.
Russia has made significant headway in privatizing state assets, completing its voucher privatization program at midyear 1994.
The disintegration of the Evil Empire - and the privatization of Russian foreign trade - has rendered the law a relic of the Cold War.
The privatization was completed in 1997 when the old SPI was sold to the new SPI Spirits.
Privatization of government-owned industries remains stalled and continues to generate political debate; populist pressure from within the UPA government and from its Left Front allies continues to restrain needed initiatives.
Lebanon for development projects and budget support, conditioned on progress on Beirut's fiscal reform and privatization program.
Privatization has lagged since 2002, and the economy has one of highest levels of state control in the EU.
Continued privatization of medium and large state-owned enterprises could increase productivity.
In an effort to ensure financial stability and sustainability, the government is pursuing public sector reforms, including privatization of some government functions and personnel cuts.
