State-owned enterprises are companies owned by the state. A ministry or a public authority (shareholder) is responsible for each company on behalf of the state. The aim of the state as the owner of a capital company (company) is to provide the greatest possible economic and social benefit to society, i.e. to:
- remedy market failures;
- manage the property that is significant for national development and security;
- ensure the production of goods and the provision of services of strategic importance.
The state as the owner:
- defines the objectives and tasks to be achieved by capital companies;
- decides on the funding available from the budget, i.e. the award of grants;
- decides on the payment of dividends.
The State Chancellery shall perform the functions of the co-ordination institution of state-owned enterprises as of 1 March 2023.
- to perform the tasks of a coordination institution laid down in the Law on Governance of Capital Shares of a Public Person and Capital Companies and other regulatory enactments;
- to develop, organise and coordinate policies for governance of public limited liability companies and public shares.
The tasks of the co-ordination institution are laid down in the Law on Governance of Capital Shares of a Public Person and Capital Companies.