— 21st of February, 2020 —
Enterprise heads meet with Union representatives; discussions of the economic future
DAŠARÓD, DAŠARÓD CAPITAL REGION
In preparation for the 500-Day Program of Aprosia, a two day conference between heads of the largest national enterprises and representatives of both the Federal Government and national governments of Aprosia has been concluded in the national capital, Dašaród. Privatization of several national enterprises, infrastructural development and the future status of foreign capital and trade, among others, were reported as the main topics of the conference, preparing the nation for its economic future. Further on, the future plans of the various enterprises was heavily discussed, as the Federal Government plans to cease a vast amount of industrial and other economic subsidies for the enterprises as a part of the economic privatization and modernization. While cutting most enterprise subsidies in the 500-Day Program, the federal and national governments wish to conduct a smooth transition to a socialist market economy. A large amount of enterprises have already publicized plans to sell and lease assets to both international and domestic investors and corporations to ensure profitability and eventual transitions to joint-stock companies by the start date of the 500-Day Program.
While the majority of the national economy will be privatized as according to the 500-Day Program, strategic industries and industries of national significance will remain under the supervision and ownership of either the Federal Government or the respective government of the federal subject. The Federal Government has decreed that the national rail infrastructure will remain under the control of the Council of Federal Economic Affairs and most federal subjects have chosen to maintain either federal or national control over the energy sector of the economy. The latest session of the Supreme People’s Assembly of Aprosia maintained the will and the need for the Council of Federal Economic Affairs to maintain control over the existing banks of Aprosia, resulting in the Central Bank of Aprosia losing the ownership of many of its subsidiaries, including the Industrial and Agricultural banks, no longer restricted to their namesake sectors of economy under new federal legislature. Despite this, both the Council of Federal Economic Affairs and various heads of enterprise have stressed the importance of foreign capital in the transition to a socialist market economy. During the conference, the Federal Government pledged to alter the concurrent banking legislation to allow for foreign banks to conduct business on Aprosian soil.
With the end of the conference in Dašaród, President of the Union Alí Hamaném, acting as the main representative of the Federal Government, commented that the event has strengthened his belief that the Aprosian nation can improve and modernize itself in accordance to the Aprosian socialist ideology even with the reduced control of the Federal Government in the economy.