By Jana Sereghyova
The transformation procedure, on which all 4 CentralEast ecu nations, i.e. the Czech Republic, Hungary, Poland and the Slovak Republic, have em barked, has develop into the topic of various courses. yet as but the vast majority of them handled institutional (systematic) alterations and their implications for macroeconomic advancements, whereas alterations happening within the company sphere obtained as but purely little awareness. Even the few guides facing mi croeconomic issues centred in basic terms on person concerns and are hence not able to provide a complete photograph of recent entrepreneurial possibilities rising in those nations. for you to fill this hole, economists from the Czech Republic, Germany, Hun gary, Poland and Spain recommend a proposition to examine those advancements within the framework of the A.C.E. programme of the ecu groups. The E.C. incorporated the examine venture entitled "Entrepreneurship in CentralEast ecu ropean international locations within the Framework of accelerating East-West financial Compati bility" into the second one around of that programme.
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Extra info for Entrepreneurship in CentralEast Europe: Conditions · Opportunities · Strategies
Poland's Economic Dilemma: Dearticulation of Ownership Reform" in Polish Paradoxes, London 1990. 24 transformed into joint-stock companies, with their shares being put on offer at stock-exchanges. The majority of these shares were sold at prices far below their nominal value. e. of about 22 percent of the total number of enterprises which were expected to embark on their privatization in 1990, had been registered. e. privatized by liquidation, while only for the remaining 470 enterprises changes in ownership occurred.
Warsaw, 1992. 29 The total number of state-owned enterprises reached 7 773 by September 1992. 26 opment projects and an outline of the required participation of foreign investors in ensuring the aims of the respective enterprise in terms of capital, technology, market access. Experience shows, within one year at least one third of the enterprises listed in this databank succeeded in finding appropriate partners, thus embarking not only on the realization of their development concepts, but simultaneously on a change in ownership.
The pro~ramme of the "big privatization" which was passed in parliament in June 1991 8 envisaged that the majority of state-owned enterprises operating in industry, foreign trade and banking, as well as part of the enterprises operating in transport and communications will be privatized within the following two years. For privatization in this time-span 63 enterprises were earmarked which were in the competence of federal authorities (leaving another 75 enterprises for later consideration), and another 1200 enterprises in the competence of municipalities.