Czechs to Put $80 Billion of State Property on Market: State property worth an estimated $80 billion will be sold to foreign and local investors when large-scale privatization starts in Czechoslovakia on Jan. 1, officials said. After the demise of communism in this Central European country in 1989, the new government began implementing the painful transformation of the state-run command economy into a Western-style market system. The plans for large-scale privatization mark “a one-time opportunity, unprecedented in this country,” said Miloslav Zamecnik, economic adviser to President Vaclav Havel.
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