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List Of Nationalizations By Country
This is a list of industries, services, products, or companies that have been nationalized at various times, grouped by country. List Argentina * 1946 Central Bank of Argentina * 1946 Natural gas services (later privatized in 1992) * 1947 Telephone network (later privatized in 1990) * 1947 Radio networks (later privatized between 1980 and 1993) * 1948 Rail transport (privatized between 1991 and 1999) * 1959 Oil reserves (the state oil enterprise, YPF, had been established in 1922; mineral resources were nationalized with Article 40 of the 1949 Constitution; the latter was abrogated in 1956, but oil was renationalized in 1958 and private firms operated afterward via leases) * 1949 Port administration (privatized in 1992) * 1949 Merchant marine (privatized in 1991) * 1951 LR3 TV Canal 7 (the first and only existing television network in the country at the time; despite not being founded by the state itself, it began as a state-owned venture. It was briefly privatized in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buenos Aires
Buenos Aires ( or ; ), officially the Autonomous City of Buenos Aires ( es, link=no, Ciudad Autónoma de Buenos Aires), is the capital and primate city of Argentina. The city is located on the western shore of the Río de la Plata, on South America's southeastern coast. "Buenos Aires" can be translated as "fair winds" or "good airs", but the former was the meaning intended by the founders in the 16th century, by the use of the original name "Real de Nuestra Señora Santa María del Buen Ayre", named after the Madonna of Bonaria in Sardinia, Italy. Buenos Aires is classified as an alpha global city, according to the Globalization and World Cities Research Network (GaWC) 2020 ranking. The city of Buenos Aires is neither part of Buenos Aires Province nor the Province's capital; rather, it is an autonomous district. In 1880, after decades of political infighting, Buenos Aires was federalized and removed from Buenos Aires Province. The city limits were enlarged to include the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High Court Of Australia
The High Court of Australia is Australia's apex court. It exercises original and appellate jurisdiction on matters specified within Australia's Constitution. The High Court was established following passage of the '' Judiciary Act 1903''. It derives its authority from Chapter III of the Australian Constitution, which vests it responsibility for the judicial power of the Commonwealth. Important legal instruments pertaining to the High Court include the ''Judiciary Act 1903'' and the ''High Court of Australia Act 1979''.. Its bench is composed of seven justices, including a Chief Justice, currently Susan Kiefel. Justices of the High Court are appointed by the Governor-General on the advice of the Prime Minister and are appointed permanently until their mandatory retirement at age 70, unless they retire earlier. The court has resided in Canberra since 1980, following the construction of a purpose-built High Court Building, located in the Parliamentary Triangle and over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Australia
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank. There are several smaller banks with a presence throughout the country, and a large number of other financial institutions, such as credit unions, building societies and mutual banks, which provide limited banking-type services and are described as authorised deposit-taking institutions (ADIs). Many large foreign banks have a presence, but few have a retail banking presence. The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Financial Claims Scheme (FCS) guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing. Banks require a bank licence under the ''Banking Act 1959''. Foreign banks require a licence to operate through a branch in Australia, as do Australian-incorporated foreign bank subsidiaries. Complying religious charitable development funds (RCDFs) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Trust Of South Australia
The Electricity Trust of South Australia (ETSA) was the South Australian Government-owned monopoly vertically integrated electricity provider from 1946 until its privatisation in 1999. Precursors Early days (1882–1900) Charles Todd, an early settler in Adelaide who oversaw telegraphic communications in the colony and beyond, also introduced the idea of electrical street lighting, necessitating a public electricity supply. An Act of Parliament created the South Australian Electric Company in 1882, but the company did not ever start to produce electricity, owing mainly to opposition by those holding interests in the South Australian Gas Company, which supplied power using natural gas. The South Australian Electric Light and Motive Power Company was registered in March 1895 and was authorised to provide power throughout the colony of South Australia. Previously, municipal councils had been empowered to provide electricity within their areas, but none did so. The company star ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of South Australia
The Government of South Australia, also referred to as the South Australian Government, SA Government or more formally, His Majesty’s Government, is the Australian state democratic administrative authority of South Australia. It is modelled on the Westminster system of government, which is governed by an elected parliament. History Until 1857, the Province of South Australia was ruled by a Governor responsible to the British Crown. The Government of South Australia was formed in 1857, as prescribed in its Constitution created by the Constitution Act 1856 (an act of parliament of the then United Kingdom of Great Britain and Ireland under Queen Victoria), which created South Australia as a self-governing colony rather than being a province governed from Britain. Since the federation of Australia in 1901, South Australia has been a state of the Commonwealth of Australia, which is a constitutional monarchy, and the Constitution of Australia regulates the state of South Aus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Operadora Ferroviaria Sociedad Del Estado
Operadora Ferroviaria Sociedad del Estado (abbreviated SOFSE; trading name: Trenes Argentinos Operaciones) is an Argentine state-owned company created in 2008 to operate passenger services in Argentina. It is a subsidiary of the Ferrocarriles Argentinos holding company. Since March 2015 SOFSE has run the Buenos Aires commuter rail services Mitre, San Martín, Roca and Belgrano Sur lines previously operated by private companies. History Background After the Railway privatisation in Argentina at the beginning of the 1990s the railway assets that had not given in concession were taken over by Ferrocarriles Argentinos before being dissolved. From 1996 to 2000 those assets were administered by "Ente Nacional de Administración de Bienes Ferroviarios" (ENABIEF) created through a National Decree promulgated by the Presidency of Argentina. On June 1, 2000, ENABIEF merged to Dirección Nacional de Bienes del Estado. From then on, the "Organismo Nacional de Administración de Bien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commuter Rail
Commuter rail, or suburban rail, is a passenger rail transport service that primarily operates within a metropolitan area, connecting commuters to a central city from adjacent suburbs or commuter towns. Generally commuter rail systems are considered heavy rail, using electrified or diesel trains. Distance charges or zone pricing may be used. The term can refer to systems with a wide variety of different features and service frequencies, but is often used in contrast to rapid transit or light rail. Similar non-English terms include ''Treno suburbano'' in Italian, '' Cercanías'' in Spanish, Aldiriak in Basque, Rodalia in Catalan/Valencian, Proximidades in Galician, ''Proastiakos'' in Greek, ''Train de banlieue'' in French, '' Banliyö treni '' in Turkish, ''Příměstský vlak'' or ''Esko'' in Czech, '' Elektrichka'' in Russian, ''Pociąg podmiejski '' in Polish and ''Pendeltåg'' in Swedish. Some services share similarities with both commuter rail and high-frequency ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rail Transport In Argentina
The Argentine railway network consisted of a network at the end of the Second World War and was, in its time, one of the most extensive and prosperous in the world. However, with the increase in highway construction, there followed a sharp decline in railway profitability, leading to the break-up in 1993 of Ferrocarriles Argentinos (FA), the state railroad corporation. During the period following privatisation, private and provincial railway companies were created and resurrected some of the major passenger routes that FA once operated. Dissatisfied with the private management of the railways, beginning in 2012 and following the Once Tragedy, the national government started to re-nationalise some of the private operators and ceased to renew their contracts. At the same time, Operadora Ferroviaria Sociedad del Estado (SOFSE) was formed to manage the lines which were gradually taken over by the government in this period and Argentina's railways began receiving far greater invest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renationalization Of YPF
President Cristina Fernández de Kirchner of Argentina introduced a bill on April 16, 2012 for the partial renationalization of YPF, the nation's largest energy firm. The state would purchase a 51% share, with the national government controlling 51% of this package and ten provincial governments receiving the remaining 49%. The bill was overwhelmingly approved by both houses of Congress, and was signed by the president on May 5. The government of Argentina eventually agreed to pay US$5 billion in compensation to Repsol, which had previously owned YPF. Background YPF was founded in 1922 as the first oil company in the world to be established as a state enterprise. The company grew to become largest in its sector in Argentina, and despite the divestiture of a sizable percentage of its extractive, refining, logistic, and retail infrastructure during its 1993 privatization, YPF in 2012 operated 52% of the nation's refinery capacity and accounted for 57% of the national market i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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