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Economy
In reply to the discussion: Weekend Economists Celebrate September 13-15, 2013 [View all]xchrom
(108,903 posts)35. Cyprus eyes investors, may not need full privatization-president
http://www.reuters.com/article/2013/09/15/us-cyprus-bailout-privatisations-idUSBRE98E06N20130915
(Reuters) - Cyprus may need to only partly privatize state-owned enterprises to meet one of the conditions of its international bailout, its president was quoted as saying on Sunday.
The 10 billion euro ($13 billion) bailout deal Cyprus reached with the European Union and International Monetary Fund this year envisages selling some state assets.
Authorities could convert state enterprises into joint-stock companies and seek out strategic investors with the state retaining a controlling stake, President Nicos Anastasiades said.
"Part of the share capital could be allocated to a strategic investor, without full disengagement (of the state) from semi-government corporations," Anastasiades was quoted as telling the Kathimerini Cyprus newspaper.
(Reuters) - Cyprus may need to only partly privatize state-owned enterprises to meet one of the conditions of its international bailout, its president was quoted as saying on Sunday.
The 10 billion euro ($13 billion) bailout deal Cyprus reached with the European Union and International Monetary Fund this year envisages selling some state assets.
Authorities could convert state enterprises into joint-stock companies and seek out strategic investors with the state retaining a controlling stake, President Nicos Anastasiades said.
"Part of the share capital could be allocated to a strategic investor, without full disengagement (of the state) from semi-government corporations," Anastasiades was quoted as telling the Kathimerini Cyprus newspaper.
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xchrom
Sep 2013
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1. The Economist does not like 'leftists' (editorial line supports 'free markets'
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