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Privatization: Companies
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[T]hat all changed because of the artificial structure that was imposed on the industry by a new and botched privatization. The British Rail monolith was split into more than 30 companies according to their function - track ownership, train operation, maintenance, etc. This "horizontal" privatization - which stands in sharp contrast to the "vertical" approach of splitting up the industry into regional, integrated companies - was a disaster.
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There are two state institutions that are commisioned with Privatization in Hungary. These are : The State Property Agency ( SPA ) and the State Holding Agency (AV Rt). SPA established centralized institutionaloversight of the privatizational process. SPA`s duty is to organise the sale of the state owned companies both to domestic and foreign investors. In1990the SPA was authorized to to privatize 1844 companies.
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The driving force behind privatization seems to be the marketing of the privateers themselves. There is little wonder why private companies are interested in Michigan schools — there is a lot of money to be made. For example, Michigan schools serve 120 million lunches every year, bringing in revenue of more than $350 million. In 2003, school districts spent $487 million on transportation and $1.2 billion on operations and maintenance.
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Abroad, privatization usually means the sale of government-owned enterprises such as oil refineries, telephone companies and airlines. Here, where the public sector is relatively limited in scope, privatization generally refers to providing public goods and services with products and resources furnished by for-profit entities. These days, depending on one's point of view, a variety of public services - fire protection, jails, schools, waste collection and disposal - are deemed as potential opportunities for private initiative.
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A controversial privatization was the privatization of British railways. The UK track-owning company Railtrack, in effect a natural monopoly, was effectively repossessed by the British government. Train operation remains in the hands of private operators with franchises awarded by the Department for Transport (except for Merseyrail the franchise of which is awarded by Merseyside Passenger Transport Executive).
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Now foreigners are interested in investing inHungary but when the time for privatization of the less important companies comes than privatization would come to a stop because foreigners would not be as interested to invest anymore. Hungarian goverment has new plans in order to overcome this problem Their new options for stumilating the domestic participation are:
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