Law no. 19 of 2003 on State-owned enterprises.

This Law, consisting of 95 articles, provides for the enforcement of the role of State-owned enterprises, in order to contribute to the development of national economy, to perform public services and social welfare benefits to lower economic class entrepreneurs, cooperative and the general public. The Law defines the following relevant terms: State-owned enterprises; State-owned limited liability company; public corporation; restructuring; privatisation; general meeting of shareholders. The Laws identifies the involved and responsible authorities, as board of Directors, board of Supervisors and board of Commissioners; defines purposes and objectives of State-owned limited liability companies, Ministerial powers concerning these companies; establishes public corporation and defines its purposes, objectives, organs. The Law provides for acquisition, consolidation and dissolution of State-owned enterprises; public service obligation; internal and external audit committees; purposes and objectives of restructuring and privatisation, including enhancement of public participation and strengthening of financial structure; procedures for privatisation.