Privatization in Russia, its foundations

events that took place in Russia in the early 90s, led to the changes that are taking change of property rights.The country has the privatization of state and municipal property.

privatization means transfer of property owned by the state to private hands, for a fee or free of charge.Privatization in Russia was in full swing.Its main legal framework determined by the law on privatization.Organized special committees dealing with the preparation of the necessary documents and evaluation of the property, as well as the organization of auctions.Property Fund carried out the sale of companies and their shares.

denationalization and privatization in Russia were based on the principles of equality of each customer and absolute transparency of the process.All this was a necessary measure in the transition to a market economy.At that time, widespread in the country received the joint-stock companies.With this form of transformation of the company, its workers receive primary benefits to privatization.The shares were distributed among them free of charge.

In 1992 received its distribution of voucher privatization in Russia.Every citizen of the country were given a complimentary voucher, which gave the right to acquire part ownership of any enterprise.This measure has helped to keep the principle of equality between the different social sectors of society.Every citizen had the opportunity to buy a piece of property on an equal footing.Another advantage of the free distribution of vouchers has been an acceleration of the process of privatization of state and municipal property.This model of privatization applied not only in Russia but also in Romania, Poland and Czechoslovakia.

preferential privatization in Russia provides for the granting of discounts to certain categories of citizens.There has been a return of property, and the owners and their heirs, who have been unlawfully deprived of it in the previous years.This process is called re-privatization.

Sometimes originally occurred formal privatization, which included the transfer of property into private hands.At the same time there is no significant change in the structure of the company, in its fixed assets.It was the preparation for the privatization of the material.

real privatization in Russia took place through the sale of state property into private hands.This process is carried out by means of auctions and tenders.The tender took place in an open form, or with a limited number of investors.This method allows to attract a large number of potential investors.Their selection was carried out not only in terms of price.Many other factors, there has been a high priority.For example, a significant inflow of capital was a decisive factor.

Upon the sale of state and municipal property through an auction, the main criterion was the price proposed.Other factors were not significant.The company was sold at its real market price, that at this stage it is very important.In addition, this form of selling it possible to reduce the number of cases of corruption.While other methods of privatization gave rise to massive bribery associated with the sale.
Facts direct selling directly to a specific investor took place.This was done in view of the importance of the investor.In this way, it was necessary to correctly determine the real value of the property.

Privatization in Russia took place rapidly.Her organization had its pluses and minuses.Only now you can actually determine its extent and identify any discrepancies.