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TALLINN, Estonia -- Estonia's prime minister Friday approved proposals to sell off public utilities, capping one of the most sweeping privatization programs in the former Soviet bloc.
The small Baltic state will start to sell the utilities next year and expects to finish privatizing industrial enterprises in 1995, privatization officials said. The comprehensive program, passed by Estonia's privatization agency last week, was approved Friday by Prime Minister Andres Tarand.
"It is the most radical privatization program in the post-communist world," said Vaino Sarnet, director general of the privatization agency. He said the most likely method of privatization would be by international tenders
The government and parliament still have to work out how to sell the state railway, energy company, ports, national airline, hospitals, central postal authority and state insurance company.
Privatization Of Estonia's Utilities Set
24 December 1994
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