Mr. Vanous said he worries that voucher privatization may not turn out to be very effective in turning around weak companies.

Ownership of and profits from successful enterprises tend to be dispersed and diversified -particularly in voucher privatization.

That company then bought the shares of the factory that were issued by the government in a so-called voucher privatization.

To distribute property quickly and to win over popular support, the reformers decided to rely mostly on the mechanism of free voucher privatization, which was earlier implemented in Czechoslovakia.

However, Havel blamed the voucher privatization as a reason for current economic difficulties.

In 1992, the bank was partially privatized in voucher privatization.

Following the Velvet Revolution (1989) Mrázek at first focused on voucher privatization.

The repeal of the former programme of voucher privatization is extremely problematic from that point of view.

Since the chaotic voucher privatization between 1991 and 1993, the spa has had several owners.

Eventually, a compromise was proposed in the form of voucher privatization, akin to that which was already underway in Czech Republic.