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By 2001 more than 6,800 state-owned enterprises had been involved in the privatization process, and the private sector accounted for more than 70 percent of GDP.
"If you can't do better than the state, then why go through the privatization process at all?" Mr. Tusk says that while private lottery lessors would increase sales, they wouldn't do it by focusing on the poor.
The privatization process initially was plagued by widespread technical problems.
The flaws of the privatization process are well known.
The new administration soon began a review of the postal privatization process.
The privatization process happened gradually, along with a rise in real estate values.
The privatization process was slow, however, and many firms particularly in the heavy industries remained under state ownership.
(Mr. Makhlouf gobbled up so many state enterprises put up for sale that Syrians wryly dubbed the privatization process "Ramification").
According to Ms. Lakatos, the post-communist privatization process still resonates in peoples' minds as a mostly bad experience.
The new chief executive will be expected to work closely with the government to complete the privatization process, which could take several years.
By jettisoning Mr. Hester, the bank's board hopes to install a new leader to oversee a privatization process that could last the rest of the decade.
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CEO of Professional Science Editing for Scientists @ prosciediting.com