Serenierre
Established Nation
THE SECRETARIAT OF FINANCE
The Secretariat of Finance has been charged by Premier Valsanois, following the decisions made by General Secretary Alexandre Renaudière and the esteemed members of the Politburo, to announce to the international business community the new economic opportunities and options that shall be available to them in the immediate future.
As of now, foreign companies are restricted to conduct their operations from the Special Economic Zones set up in the cities of Monseran and Aziéres. The new economic policy, officially termed, “Economic Liberalization Scheme 2011” which can be considered phase two of the original reform policy.
ELS 2011 will stand to allow foreign companies, or individuals, to hold shares of key sections of the national economy, of course all bids shall be reviewed by this department of the government. ELS 2011 ensures that the rights of purchasers of shares are protected, with restrictions on the government from nationalizing private holdings, however the government can exchange private holdings for liquid assets under extraordinary circumstances.
ELS 2011 seeks to privatize some state holdings completely and in other cases 49% to 60% of the shares shall be up for auctioning. Dates for these auctions shall be released at a later date.
As of today, the following state holdings stand for auction, whose date is yet to be decided:
Eric Sant-Pierre
Director for Foreign Economic Involvement Dept.
The Secretariat of Finance has been charged by Premier Valsanois, following the decisions made by General Secretary Alexandre Renaudière and the esteemed members of the Politburo, to announce to the international business community the new economic opportunities and options that shall be available to them in the immediate future.
As of now, foreign companies are restricted to conduct their operations from the Special Economic Zones set up in the cities of Monseran and Aziéres. The new economic policy, officially termed, “Economic Liberalization Scheme 2011” which can be considered phase two of the original reform policy.
ELS 2011 will stand to allow foreign companies, or individuals, to hold shares of key sections of the national economy, of course all bids shall be reviewed by this department of the government. ELS 2011 ensures that the rights of purchasers of shares are protected, with restrictions on the government from nationalizing private holdings, however the government can exchange private holdings for liquid assets under extraordinary circumstances.
ELS 2011 seeks to privatize some state holdings completely and in other cases 49% to 60% of the shares shall be up for auctioning. Dates for these auctions shall be released at a later date.
As of today, the following state holdings stand for auction, whose date is yet to be decided:
- Hasiérre Steel Mills - 49% of shares to be auctioned
- Mazôrin Iron Works - 49% of shares to be auctioned
- HRT Metal Works - 49% of shares to be auctioned
Eric Sant-Pierre
Director for Foreign Economic Involvement Dept.