The Chairman of the Czech Republic“s National Property Fund, Roman Ceska, recently said at a press conference that if there were any more cases similar to that of the privatisation of Crystalex, he w…
The Chairman of the Czech Republic“s National Property Fund, Roman Ceska, recently said at a press conference that if there were any more cases similar to that of the privatisation of Crystalex, he would be calling for ministerial resignations. Decisions like those taken in Crystalex“s case would undermine confidence in the government, he said. He is particularly worried by the method used in the privatisation of Crystalex, as he believes all those interested should have been given a chance, and not just the one selected for the direct sale. He also disliked the selling price, which he said was far below the nominal value. Ceska even has reservations about the buyer, Porcela Plus, which was formed by the managers of the Karlovarsky porcelain company and which subsequently took over Karlovarsky“s marketing network. Ceska said Karlovarsky was thus practically cut off from its distribution network while its former managers mediated all its sales and in this way earned enough to be able to purchase Karlovarsky.