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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Saadi: privatization companies shift from losing to winning

    day dreamer
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    Posts : 3197
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    • Post n°1

    Saadi: privatization companies shift from losing to winning Empty Saadi: privatization companies shift from losing to winning

    Post by day dreamer Wed 01 Oct 2014, 9:25 pm

    Saadi: privatization companies shift from losing to winning 

         
     

      2/10/2014 0:00


    Government program .. Cabinet decision in support of the private sector enjoys the attention of experts
      BAGHDAD - Hussein al-Tamimi Tgb
      Received the cabinet's decision to form committees to study the mechanisms of transfer of public sector companies to the private sector to accept interested in economic affairs, stressing the necessity that this approach is consistent with a range of measures the calendar for the private sector.
    The council had decided in its fourth yesterday, the first Tuesday to form a committee in the advisers with the help of United Nations organizations to prepare a comprehensive study on the success of the process of transforming state-owned enterprises to the private sector provided to ensure workers' rights and improve their living standards by raising the efficiency of these companies or adapted in accordance with the this goal.

    Productive sectors

      Chairman of the Securities Commission d. Abdul Razzaq al-Saadi said in an interview for "morning" that this trend comes within the economic reform programs, which approved the government in its work program, and included reducing the state's role in the productive sectors to coincide with the development of the local private sector who have the task of managing the local economy in the future according to what passed the Constitution .

    Profitable companies

      He pointed out the importance of working to give companies and the Ministry of Industry and Minerals privacy in dealing, for the existence of many obstacles limit the transformation of companies losing to winning, pointing out that they burdened with large numbers of employees who do not have sufficient skills in the terms of reference and the spread of the phenomenon of disguised unemployment, as well as the aging lines productivity and that came out for the service.

    Output activation

      He pointed to the importance of the gradient in dealing with these companies through privatization and allow the private sector as a partner to activate the production, and then work to turn it into a contribution and put its shares to invest in the Iraqi market for securities in line with the economic transformation sought by the country towards an open market economy.

    Capital cycle

      Saadi sees the importance of the sale of state shares in the mixed sector companies to enable the private sector to develop all his joints and lift the restriction by the objective decisions and bureaucratic proposes formation of a sovereign fund of their capital leads the task of providing support to companies the ministry for the rehabilitation of the lines of work and supplying advanced technology that contribute to raising production capacities and then create a cycle of capital between the company and the fund, which will recover the amount of money made ​​by the company's profits, noting that after evaluating the company and they can be converted into profitable to support another company according to the same curriculum to include all public companies.

    Future strategy

      The Minister of Industry and Minerals Naseer al-Issawi said in a press statement the need to draw a strategic plan future aims to raise the level of industry in the country and the diagnosis of the obstacles facing the work of the ministry's companies for the purpose of finding appropriate solutions also stressed the interest Palmlakat working in the ministry and its affiliated companies as they represent the basic foundation for the work the ministry in the next phase.

    Important steps

      The President of the Federation of Iraqi Industries Ali Sabih has pointed to the importance of this trend and its role in the construction of the industrial sector and a return to life and production again, pointing out that this step must be preceded by important steps in the forefront of activating the industrial initiative in order to raise the performance of the private sector in relative terms.
    Integration productive

      He pointed to the importance of the advancement of the private sector, which suffers neglect long ago and fell short of what the world has witnessed developments in all industrial fields, indicating that the conversion of public enterprises to the private sector is positive but it needs to integrate with all the joints of the local industry, which can not achieve success without complementary industries offer a truly unique carried out by the private industrial sector, which needs to support legislative and financial regulates work and helps to rotate the wheel production.

    Consumer culture

      Sabih said that this decision is aimed at activating the local industrial production in many aspects, noting that it requires work to create a culture of new consumer among citizens and government agencies to go towards local products quality, as well as the need to provide protection for local products to be able to compete with imported products, quality and prove The presence of the local product.


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