41.   The party accepts that there should be some private property, although it fiercely opposes the current privatisation programme and opposes private ownership of land.

42.   The privatisation programme mainly involves the sale of companies operating in the private sector in which the government has a major stake.

43.   The sale of Turk telecom is a vital part of this ambitious privatisation programme.

44.   The slump, aggravated by a weak dollar, led Riyadh to rein in public spending and embark on a privatisation programme.

45.   Those results, he added, included its privatisation programme, cutting back on public spending and promoting individual responsibility.

46.   Western observers welcomed the appointment in November of Anatoly Chubais, architect of the successful privatisation programme, as first deputy prime minister overseeing the economy.

47.   Yeltsin has also announced revision of the privatisation programme, which most people feel is theft on a national scale by some well-placed people in power.

48.   Yeltsin himself has already criticised Chubais, a liberal who oversaw the Russian privatisation programme.

49.   Livshits said the privatisation programme would also have to be adjusted and no longer considered merely as a means of financing the budget.

50.   Most GCC countries have launched privatisation programmes and other reforms to revive their economies.