"We are going to sell 12 state companies by March."

Her economy was already in private hands, and the managers of state companies were operating under market conditions.

From 1917 to the 1990s, the shop was operated by a state company.

Other state companies are following suit, with contracts expected to add up to a further $1 billion.

He will be 65 years old next year, the retirement age for executives in state companies.

One state company has been sold so far this year.

Officials recently cut in half a goal to sell 10 state companies by the end of the year.

The sale of the state companies has brought the Government more than $21 billion.

"We have a lot of questions to ask them, and the first is, 'What are your state companies up to?' "

More than 1,000 state companies have been sold off or closed.