Voucher Privatization in Russia: First results and experiences

Abstract

The main political problem faced by architects of the Russian VPP was the question of satisfying the interests of all partners taking part in privatization: employees, management, citizens and potential strategic investors. Therefore, a very rigid procedure of shares distribution was introduced in the program. This procedure assumed three rounds: closed subscription round,voucher auctions round and investment tenders round. Length: 47 PagesVoucher, privatization, transition economies