Státní podnik (s.p.) or štátny podnik (š.p.); (translation — "state enterprise," of a business nature) is a Czechia and Slovakia designation for a business entity owned by the government (aka, "the state"). As is now and was always the case, the entity name is followed by the name of its legal structure, either spelled out (''

viz. The abbreviation ''viz.'' (or ''viz'' without a full stop) is short for the Latin , which itself is a contraction of the Latin phrase ''videre licet'', meaning "it is permitted to see". It is used as a synonym for "namely", "that is to say", "t ...

'', "státní podnik" or "štátny podnik") or abbreviated in lower case (''

'', "s.p.", "š.p.").

Brief history

State enterprises (in the native language, the plural use is "státní podniky") were created in 1988 by the

Czech Socialist Republic The Czech Socialist Republic (, ČSR) was a republic within the Czechoslovak Socialist Republic. The name was used from 1 January 1969 to November 1989, when the previously unitary Czechoslovak state changed into a federation. From 1990 to 1992, ...

and Slovak Socialist Republic and their organizational units (cs) from the former "národní podniky" (national enterprises) under an initiative of socialist reconstruction (aka ''

perestroika ''Perestroika'' ( ; rus, перестройка, r=perestrojka, p=pʲɪrʲɪˈstrojkə, a=ru-perestroika.ogg, links=no) was a political reform movement within the Communist Party of the Soviet Union (CPSU) during the late 1980s, widely associ ...

)''. In 1990, a new law brought decision-making power back to founders and self-management of labor collectives were abolished, leaving only a partial representation of employees in the supervisory board. The agency diminished in 1997.

References

{{DEFAULTSORT:Státní podnik Legal entities Types of business entity Czech Republic business terminology Slovak business terminology

Czechoslovakia Czechoslovakia ( ; Czech language, Czech and , ''Česko-Slovensko'') was a landlocked country in Central Europe, created in 1918, when it declared its independence from Austria-Hungary. In 1938, after the Munich Agreement, the Sudetenland beca ...

Government-owned companies of Europe

Brief history

See also

References