1. All countries moved quickly to liberalize prices, stabilize the macroeconomy and privatize state-owned enterprises. 2. The decision to replace bureaucrats with markets meant that these countries had to liberalize prices by lifting government controls. 3. Belarus signed a memorandum with the bank this summer that called for privatizing state-owned industries, liberalizing prices and developing a currency market. 4. Ciorbea announced all prices would be liberalized, although there will possibily be a government subsidy on bread. 5. In Russia, the people voted in enough communists to stall parliamentary efforts to liberalize prices and privatize the state sector. 6. Living standards dropped sharply after prices were liberalized for fuels and basic goods. 7. So far, however, its reforms have liberalized prices and tightened money supply to keep inflation under control. 8. The Commission is seeking pledges from Bulgaria to liberalize agriculture prices, privatize farms and undertake structural reforms in the sector, the official said. |