ABSTRACT
One of the salient features of the transition period from a planning-oriented economy to the market-oriented economy is the process of privatisation of state enterprises. There are many different opinions concerning how this process should be organised (Sarcevic (1992); Ajani et al. (1992); Lee and Nellis (1990)), but most of them agree on the point that national entrepreneurship in the transiting economies may not have enough resources and (or) experience to finance, and (or) lead the privatisation process; an attractive and realistic solution to the problem may have to involve foreign firms and foreign capital in managing or in taking over parts, or the whole, of the privatised company.
