!!!Privatisierung

Privatisation: Privatisation in Austria has been increasingly pursued 
since 1993, when the structural changes made in the decades before had 
proved insufficient to solve the economic problems of the   (see) 
Nationalised Industry and other government controlled enterprises. A 
key role in privatisation is held by   (see) Oesterreichische 
Industrieholding AG (OeIAG), which has been entrusted with divesting 
itself of federal (state) majority interests within a reasonable time. 
Privatisation can take the form of direct sales of companies 
(management buyouts, sale to the best bidder etc.), or shares can be 
offered for sale on the Stock Exchange. The privatisation of the   
(see) Postal Service has been prepared since 1994. The Austrian 
Federal Railways (  (see) Bundesbahnen), on the other hand, have 
formed an independent enterprise since 1993, but the State continues 
to hold a 100% interest in them.


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