These factors are characterized by enormous destruction of property, human loss and displacement of citizens, market loss, obsolete technology, decrease in consumer purchasing power and the accumulation of debts of enterprises, banks and the state. The privatization program encompasses enterprises, banks and apartments except for social sector.
Privatization is scheduled to be conducted in a short time-period.
Methods for citizen s participation in the process do not require any particular skills or knowledge. Enterprise privatizaton will be conducted through the sale of enterprise assets, shares or shareholder s equity. Enterprise assets and shares, or equity wil be sold through auctions, tenders or via public offering of shares or direct sales agreement. Buyers of enterprise assets, shares or equity in the privatization process can include all domestic and foreign individuals or legal entities, except domestic legal entities that are subject to privatization and foreign individuals in cases when ownership over certain domestic assets for foreigners is limited or excluded.