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    ATOMIC ENERGY MINISTRY TO LAUNCH CORPORATIZATION IN THE SECTOR IN 2007-2008

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    MOSCOW, January 29, 2004. (RIA Novosti) - The Russian Atomic Energy ministry will get down to corporatizing of the sector's companies no earlier than 2007-2008, Minister Alexander Rumyantsev told the media in Moscow Thursday.

    "We won't start corporatization in 2004, because we don't have enough time to introduce relevant amendments to the exiting law," he added.

    He also emphasized that the companies in the sector would be, "certainly reorganized." "We have to consolidate our defense industries, to perfect the legislation, and to analyze the atomic energy market," Rumyantsev explained.

    The minister believes that the nuclear sector reform requires a careful and weighted approach. According to him, it would be most convenient for the sector's companies to operate as joint-stock companies, with 100 percent of their stock owned by the government.

    "It will be the form of corporatization most of the companies will choose," he said. "JSCs will be much more preferable and effective than the federal government unitary enterprises (FGUPs) we have now." (bek/ira)

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