The “Privatization Council”, the primary decision and policy-maker on Privatization, has been established by virtue of the Privatization Law no. 25 for the year 2000.

Tasks and responsibilities:

The Council is entrusted with the following main responsibilities and tasks:

•        Formulates the general policies on privatization.

•        Identifies the candidate enterprises for privatization.

•        Approves restructuring and privatization transactions.

•        Retains qualified consulting firms to conduct studies on restructuring and privatization of enterprises.

•        Recommends to the Cabinet the legal measures necessary to establish regulatory bodies for privatized sectors.