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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Public sector: the conflict between development and sale

    Rocky
    Rocky
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    • Post n°1

    Public sector: the conflict between development and sale Empty Public sector: the conflict between development and sale

    Post by Rocky Tue 23 Oct 2018, 3:40 am

    [size=44]Public sector: the conflict between development and sale[/size]



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    Public sector: the conflict between development and sale 
    Talaat Radwan 
    Public sector companies were established after the expropriation and nationalization of the properties of the former era. Although most of these companies were profitable, the demolition began with the era of Sadat and the policy of economic openness. (Henceforth, the series of the deterioration of the state-owned companies (some of which were established by the Bank of Masr-Talaat Harb). This deterioration includes the castles of the Egyptian industry, such as spinning and forgetting C, the processor, chloride for batteries, etc.
    The second chapter of the deterioration in the era of Mubarak with the sale fever, according to the instructions / recommendations of the International Monetary Fund .. This task (aptly) Atef Ebeid, who served as a business sector .. And his sale of companies at market value .. But the book value, When compared to the price of selling in the nineties and the original price in the forties and fifties .. It is remarkable that the courtesy of foreign investors who rushed to pay tribute to the family, despite the objections of the Ministry of Finance and the observations of the Central Auditing Organization .. As a result of this dangerous achievement (in the abandonment and waste of public money) Rgith for the post of Prime Minister.
    Is not the invasion of the Egyptian market and dumping it with imported products one of the reasons? Is not the renewal and development of machines one of the reasons? Is it not one of the reasons not to deal with the phenomenon of unequal competition? Is not strengthening state-owned enterprises by buying modern machinery and machinery that helped the industry advance (as did India and China) more important than wasting state money on less important things? Are not the salaries and bonuses paid by the heads and members of the boards of directors (and astronomical numbers) one of the reasons? Is not this extravagance and waste with companies losing millions? And Alice is the lifeline of selling out. Ignoring these questions, it shows a predetermined scheme to satisfy the IMF, even if the (price) is more backward than Egyptian industries ... and want workers and lose their experience? Until the day comes, they will be trained in technical / manufacturing skills. The displacement of workers and the loss of their experience? Until the day comes, they will be trained in technical / manufacturing skills.The displacement of workers and the loss of their experience? Until the day comes, they will be trained in technical / manufacturing skills.
    000
    Although the media promoted (for several years) Egyptian industrial progress, including the manufacturing of an Egyptian car, the current business sector minister Hisham Tawfiq said in a symposium at Al-Ahram: Car companies are making losses and there is no possibility to finance them. It is difficult to achieve. We have 11 car assembly plants. All of them are based on assembly and not manufacturing, as happens abroad. For example, the state of Morocco, French company Renault has established two factories. Morocco produces 300 l (Car for 40 years) 380 thousand cars are all assembled .. Morocco produced a million cars in six years .. And asked a journalist: What are the criteria for choosing a foreign partner? He said, "I will not do the same thing as with Amfendi because the investor owns 90% of the company's assets and land."
    Despite the frankness of the minister and his ignorance of the fact that the cars are manufactured in a bank, he is a supporter of the sale policy plan. He admitted that Egypt owns 40 of them, 25 of which are state-owned, and we expect to sell 14 shippers (Ahram, October 19, 2018), and it 
    seems that the expropriation of state property provoked our respected intellectuals. The National Cement Company is liquidated after 62 years, and its losses and debts reach billions? Is investment prosperity meant to be available to anyone who wants to buy, even to buy what represents the point of our national security .. Especially in the field of health .. And asked: Who sold most of our hospitals and major laboratories and analysis .. Is there a national control to protect the citizen's health? (Pyramids October 7, 2018)
    In the last two years, in a country where the construction sector has been leading the economic growth for several decades, this is certainly a difficult solution, while foreign investors were scrambling to invest in the cement industry. He added that the state of the National Cement is not the last .. There are many other companies suffer losses such as: Holding Company for Spinning and Weaving ... which included 32 companies and losses of 2.7 billion dollars according to the latest budget published .. and the holding of drugs includes 11 companies amounted to losses of 505 million pounds .. Among the companies (Al Ahram, October 11, 2018), which has achieved profits: Holding Transport (3.8 million), Al Qabeda Insurance (2.7 billion) and other companies did not earn more than 300 million pounds. This is a meager profit, given the size of the huge investments on which these companies are based. 
    000 
    The sale of state-owned enterprises is like a drab person who (whenever he needs the money) sells some of the flatbeds and continues this method until the apartment (on the tiles) even though he has physical energy ... not mentally handicapped. The type of lazy, the lover of the easiest solutions: selling. 

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