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Privatization: Industries
built 630 days ago
The Bulgarian privatization process got off to a slow start. In 1992, the initial plan was to privatize through "classic market privatization." [1] This attempt at privatization failed in every sense of the word. It was opposed by the Bulgarian Socialist party, who believed that it ignored the worker's rights. It was rejected by foreign investors because "Three quarters of [Bulgarian state owned industry] are losing money and industrial production has plummeted by 50 percent since 1989." [2]
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Isaias Medina specializes in privatization, infrastructure & telecommunications concessions, project financing, and mining law, with special emphasis on Latin-American foreign investments. Medina a former chief Legal Counsel for the largest Venezuelan Industrial state owned conglomerate (CVG) of aluminum, iron, and gold smelters and hydroelectrically produced energy complex (Edelca), is dedicated to pursue Mobile Assets coverage strategy in Latin America.
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National security concerns may be the source of reverse privatization actions when the most likely providers are non-domestic or international corporations or entities. For example, in 2001, in response to the September 11th attacks, the then-private airport security industry in the United States was nationalized
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