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Privatization Fund
A Privatization fund is a state-owned trust (business) holding formerly state owned enterprises and assets destined to be privatized, to be sold to private owners. Notable privatization funds include: * the East-German Treuhandanstalt * the Czech První Privatizacni Fond (PPF) * the Croatian Privatization Fund (CPF) * the Hellenic Republic Asset Development Fund (HRADF) * the Hungarian State Privatization Agency Állami Vagyonügynökség * the Philippine Asset Privatization Trust (APF) Further reading * * Sunita Kikeri, John Nellis, Mary M. Shirley: ''Privatization: The Lessons of Experience'', The World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ..., Washington D.C., 1992. {{ISBN, 0-8213-2181-1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trust (business)
A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways. These ways can include constituting a trade association, owning stock in one another, constituting a corporate group (sometimes specifically a conglomerate), or combinations thereof. The term ''trust'' is often used in a historical sense to refer to monopolies or near-monopolies in the United States during the Second Industrial Revolution in the 19th century and early 20th century. The use of corporate trusts during this period is the historical reason for the name " antitrust law". In the broader sense of the term, relating to trust law, a trust is a centuries-old legal arrangement whereby one party conveys legal possession and title of certain property to a second party, called a trustee. While that trustee has ownership, they cannot use the property for herself, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Property
Private property is a legal designation for the ownership of property by non-governmental legal entities. Private property is distinguishable from public property and personal property, which is owned by a state entity, and from collective or cooperative property, which is owned by a group of non-governmental entities. Private property is foundational to capitalism, an economic system based on the private ownership of the means of production and their operation for profit. The distinction between private and personal property varies depending on political philosophy, with socialist perspectives making a hard distinction between the two. As a legal concept, private property is defined and enforced by a country's political system. History Ideas about and discussion of private property date back to the Persian Empire, and emerge in the Western tradition at least as far back as Plato. Prior to the 18th century, English speakers generally used the word "property" in referenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treuhandanstalt
The (" Trust agency"), colloquially referred to as , was an agency established by the government of the German Democratic Republic to reprivatise/ privatise East German enterprises, Volkseigene Betriebe (VEBs), prior to German reunification. Created by the Volkskammer on 17 June 1990, it oversaw the restructure and sale of about 8,500 state-owned companies with over four million employees. At that time, it was the world's largest industrial enterprise, controlling everything from steel works to the Babelsberg Studios. Responsibilities The Treuhand was responsible for more than just the 8,500 state-owned enterprises. It also took over around 2.4 million hectares of agricultural land and forests, the property of the former Stasi, large parts of the property of the former National People's Army, large-scale public housing property, and the property of the state pharmacy network. On the day of reunification, 3 October 1990, it took over the property of the political parties and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PPF (company)
PPF Group is an international diversified investment group founded in 1991 in the Czech Republic. PPF Group invests in a variety of sectors, including banking and financial services, telecommunications, media, biotechnology, real estate and industry. The geographical reach of PPF Group spans Europe, North America and Asia. It is currently active in the Czech Republic, Slovakia, Serbia, Hungary, Switzerland, Ukraine, Turkey, Netherlands, Bulgaria, Croatia, Poland, Romania, Slovenia, Kazakhstan, Finland, Germany, India, Indonesia, Vietnam, Philippines, China, France, United Kingdom and the US. PPF Group was founded Petr Kellner, whose 98.93% shareholding passed to his wife Renata and their family upon his passing in March 2021. According to ''Forbes'' magazine, Mr Kellner was the wealthiest Czech. PPF Group’s other two shareholders are, and Jean-Pascal Duvieusart, each holding a 0.535% share. As of 31 December 2021, PPF Group's assets were worth EUR 42.2 billion. History Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Croatian Privatization Fund
Croatian may refer to: *Croatia * Croatian language * Croatian people *Croatians (demonym) See also * * * Croatan (other) * Croatia (other) * Croatoan (other) * Hrvatski (other) * Hrvatsko (other) * Serbo-Croatian (other) Serbo-Croatian or Croato-Serbian, rarely Serbo-Croat or Croato-Serb, refers to a South Slavic language that is the primary language of Serbia, Croatia, Bosnia and Herzegovina, and Montenegro. Serbo-Croatian, Serbo-Croat, Croato-Serbian, Croato-Serb ... {{disambiguation Language and nationality disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hellenic Republic Asset Development Fund
The Hellenic Republic Asset Development Fund S.A. (HRADF; el, Ταμείο Αξιοποίησης Ιδιωτικής Περιουσίας του Δημοσίου, ''Tameio Axiopoiisis Idiotikis Periousias tou Dimosiou'') or TAIPED ( el, ΤΑΙΠΕΔ) is a direct subsidiary of the Hellenic Corporation of Assets and Participations. HRADF exploits the assets of Greece that have been assigned to it and manages the implementation of the privatization program in Greece, and in specific, the implementation of the Asset Development Plan "ADP." Portfolio Infrastructure * Public Power Corporation S.A. (government retains 34.12% owned by Greek government) * Piraeus Port Authority (government retains 7.14%) *Thessaloniki Port Authority (government retains 7.27%) * Marinas of Hydra, Poros and Epidavros * Marinas of Chios and Pylos * Athens International Airport (government retains 25%; privatisation of 30% stake held by the ''Hellenic Republic Asset Development Fund'' is in progress) * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Privatization Trust
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
