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Since last January, among 1055 company laid for privatization, 63 companies have been totally and partially privatised, while 270 companies have been sold from June to December last year according to the last economic and social council (ECOSOC) report . The recorded operations allowed the buyers to procure 55bn Dinars, equal to 610 million euros in addition to 32bbn Dinars i.e. 345 million euro, and allowed also the creation of seven million jobs. According to the recent statements by the minister of participation and investment promotion Hamid Temmar, three thirds of the privatized companies have been sold to Algerian investors, and 160 state owned company declared its bankruptcy within the last two years. According to well informed sources Temmar is striving to speed up the privatisation operations, he made clear for twenty eight state participations management companies’ C.E.Os, that the government priority in the next phase ending just before the elections due date, is to get rid of as much as possible companies. Well conversant sources of the privatisation portfolio, say that Temmar’s conviction is that if the state’s assets are to be well managed, it is necessary to get rid of them. They further mentioned that during Temmar’s meeting with the companies C.E.Os he said that he is charged by the President of the Republic to speed up privatisation pace repeatedly delayed, more precisely since 1995, highlighting the most adequate environment to implement the new plan elaborated on the basis of ex-Eastern Germany and Hungary republic experiences. Note recalling that the state owned companies constitute 85% of the national market, whereas the remaining rate is owned by private and foreign companies, bound to adapt their situation with the new private and foreign banks and financial institutions creation regulation law fixing the minimum social capital by 30 million dollars. The governmental sources point out that the tiring and exhaustive privatisation process remained frozen by political and economic milieus as well as trade unions apprehensions from the impact it will have on their economic and maybe political future. The economic experts see patently that privatization is dependent on the political situation. Djalal Bouâti | ||||||||||||||||||
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500 companies to be sold by the end of the year