1. A House subcommittee is holding a hearing this afternoon on Department of Energy contract privatization programs. 2. A Russian-trained engineer with no experience in the oil business, he was dismissed as trade minister in June for opposing the privatization program. 3. But the showcase privatization program, which Washington expected to be a key to a market economy, has run into deep trouble. 4. Chubais helped re-elect Yeltsin and before that ran his privatization program. 5. Chubais, detested as the man who brought a largely corrupt and painful privatization program to Russia, is widely deemed unelectable. 6. Events include panel discussions of the privatization program and macroeconomic view of Ecuador and doing business in Ecuador. 7. Hanford managers said they believe they have enough information to start the privatization program and will get more before it reaches a critical stage. 8. Government ministers say that foreign companies can be enticed to bid, especially for the state-owned energy companies that are a big part of the privatization program. 9. He added the privatization program was reducing power costs for business and households. 10. However, the Ukrainian officials said there was now a new privatization program and they promised further sales of state-owned farmland to the public. |
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