|
Lebanese government discuss privatization of 52 companies
Lebanon, Economics, 1/11/1999
The Lebanese government chaired by Prime Minister Salim al-Hoss has set up a plan to privatize 52 governmental companies aimed at increasing the country's revenues through the privatization plan.
Lebanese economic sources told ArabicNews.com that the government will obtain billions of dollars from privatization revenues, adding that the Lebanese government has formed a committee under the chairmanship of al-Hoss, comprising five members.
It is expected that the process of privatization will lead to a reduction of governmental salaries by 49% during the current year.
The Lebanese government owns the telephone company, utilities, harbors, as well as the national airline and a company that manufactures and exports cigarettes, Regie.
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
