Govt sets privatizations procedures

TIRANA, June 14 – Government has determined all procedures that will be followed during the privation of state-owned properties, starting from the assessment and division of revenues.
Under the new rules, the process will be led by the Economy Ministry which will decide on starting privatization procedures after requests made by central and local government institutions owning the properties.
The Finance Ministry will receive 5 percent of privatization revenues while the Economy ministry 30 percent. The remaining 65 percent will go to the state budget to cover debt levels and make new investments.
Land owners have the right to pre-purchase the objects build on their land, according to the government decision.
Government will put up for sale every remaining state-owned property except for the hydropower plants on River Drin cascade, and education and health sector services and premises.
The privatization list also includes more than 200 plants and enterprises as well as 450 military bases identified by the Defense Ministry. Some small hydropower plants will also be privatized.