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RF govt expects to gain 380 bln RUR from privatization in 2013

Privatization is not just a mechanism for alienation of state property but is also an economic-policy vector, Dmitry Medvedev said

MOSCOW, November 29 (Itar-Tass) — The government of the Russian Federation expects to gain 380,000 million roubles from the privatization of state property in 2013, Prime Minister Dmitry Medvedev told a government meeting here on Thursday.

He said privatization is not just a mechanism for alienation of state property but is also an economic-policy vector. "It is understandable that a private entrepreneur and an owner must be on the whole more interested in the development of their business," Medvedev said.

"This year, the market situation made it possible to gain about 300,000 million roubles from privatization," the Premier pointed out. "The privatization plan for 2013 is aiming to get 380,000 million roubles". "It is essential to take into account the real situation on the financial markets and the availability of quality investors, and in no way substitute privatization for the sale of the shares of other state-run companies," the Head of Government emphasized.

At the same time Medvedev referred to the rate of privatization of Federal state unitary enterprises as insufficient, "obviously insufficient". He said this is connected with an inadequate preparation of Federal property facilities and the lack of right-stating documents on property. "It is essential to pay attention to that and draw up (relevant) documents," the Premier added.

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FACTBOX: Collective Security Treaty Organization

The Collective Security Treaty came into force on April 20, 1994 to herald the emergence what would eventually become the Collective Security Treaty Organization. The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan

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