Privitisation of Central Markets begins

[Sara Johnson]

Privitisation ofCentral Markets begins

13/02/2012 15:37

BAGHDAD, Feb. 11 (AKnews) - Privitasing the government'sCentral Markets company has started, the Trade Ministry announced on Saturday.

The Inspector General of the ministry , Mohammed Husseinal-Wazzan, told AKnews that investment was needed to improve the economicsituation and at least pay the salaries of the company's 6,000 plus employees.

The struggling company's fortunes has not improved since2003.

The Ministry of Trade announced the disbandment of anothercompany at the same time. However the Vehicles and Machines Trading companywill not be dissolved because it is self-funded and profit-making.

The government is currently in the process of privatising180 state-owned companies, to prepare them to enter the world market by 2015.

By Jaafar al-Wannan

RN/SS/AKnews

http://www.aknews.com/en/aknews/2/289698/

[zigmeister]

This is good.