Home > Press > Putin calls for state corporations to gradually make IPOs
Abstract:
Russian President Vladimir Putin said Thursday that state corporations should gradually make initial public offerings (IPOs) once they have become competitive on global markets, ITAR-TASS reported.
Speaking at his final annual Kremlin news conference before leaving office in May, Putin said that state corporations could be partially or fully privatized.
"This is a final purpose. We are not going to switch to state capitalism," Putin said.
He reiterated his belief that such corporations should only be created in economic sectors that demand large long-term investments, where "private business is not yet ready." He named defense, shipbuilding and aircraft production as examples of such sectors.
Russia's state corporations are a newly established type of government-controlled companies. The executives of such corporations are appointed and overseen directly by the president, while other state-controlled companies are overseen by the government.
State corporations have already been created or are being created in the nuclear, nanotechnology, oil and gas, aircraft manufacturing, aircraft engine making, airline, banking, shipping, shipbuilding, titanium, bearing manufacturing, residential utilities, and steel industries.
####
Copyright © Prime-Tass
If you have a comment, please Contact us.Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Related News Press |
News and information
Simulating magnetization in a Heisenberg quantum spin chain April 5th, 2024
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Govt.-Legislation/Regulation/Funding/Policy
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Chemical reactions can scramble quantum information as well as black holes April 5th, 2024
Investments/IPO's/Splits
Daikin Industries becomes OCSiAl shareholder July 27th, 2021
INBRAIN Neuroelectronics raises over €14M to develop smart graphene-based neural implants for personalised therapies in brain disorders March 26th, 2021
180 Degree Capital Corp. Issues Second Open Letter to the Board and Shareholders of Enzo Biochem, Inc. March 26th, 2021
Announcements
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
The latest news from around the world, FREE | ||
Premium Products | ||
Only the news you want to read!
Learn More |
||
Full-service, expert consulting
Learn More |
||