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A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.
Volksbank 43.3% SOE (retail banking group, with additional operations in Hungary, Romania and Malta) ORF: funded from television licence fee revenue, dominant player in the Austrian broadcast media; Österreichische Industrieholding (ÖIAG): Austrian industry-holding stock corporation for partially or entirely nationalized companies, as of 2005:
Supports education, housing, health services and business development projects (not profit-seeking) 279 R0.162bn (R0.107bn) Fully state owned 1990 (reconfigured 1999) Industrial Development Corporation of South Africa: Industrial Development Shareholder in numerous companies and subsidiaries R12.240bn (R3.bn) Fully state owned 1940
SOE mergers have been routine since 2000. [36] Beginning in 2003 with Hu Jintao's administration, the Chinese government increasingly funded SOE consolidation, supplying massive subsidies and favoring SOEs from a regulatory standpoint. [37] These efforts helped SOEs to crowd out foreign and domestic private sector competitors. [37]
2014 operation subsidies and program funds that GOCCs received from the national government. GOCCs receive from the government "subsidies" and "program funds". [6] Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for a specific program or project.
Other, non-SOE Crown-owned companies are the Crown entity companies. These are the Crown Research Institutes (CRIs), the broadcasting companies Television New Zealand Limited (TVNZ) and Radio New Zealand Limited (RNZ), and the New Zealand Venture Investment Fund Limited.
On a local and regional level, public transport is often operated by SOE, such as BVB (Berlin), Hochbahn (Hamburg) or LVB (Leipzig). Power generation, water and gas supply were until the 1990s often publicly owned (Stadtwerke) - the picture is much more diverse today, involving often forms of PPP, but with the local governments still exercising ...
SOE may refer to: Organizations. State-owned enterprise; Special Operations Executive, a British World War II clandestine sabotage and resistance organisation