{"id":19430,"date":"2023-03-22T22:13:19","date_gmt":"2023-03-22T22:13:19","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr"},"modified":"2023-03-22T22:25:32","modified_gmt":"2023-03-22T22:25:32","slug":"council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr","title":{"rendered":"Council of Ministers Raises Authorized Capital of Ethiopian Railway Corporation to 221 Billion Birr"},"content":{"rendered":"

Africa-Press – Ethiopia. <\/strong><\/span>The Council of Ministers has decided to raise the authorized capital of Ethiopian Railways Corporation (ERC) to 221 billion Birr, according to the Office of the Prime Minister.<\/p>\n

In its regular session today, the council instructed the ERC to complete infrastructures under construction and to make the completed ones operational.<\/p>\n

The regulation on the corporation would accordingly become effective from the date of its publication on the Negarit Gazette.<\/p>\n

Moreover, the council discussed various issues and referred proclamations to the House of People’s Representatives (HPR) for endorsement, it was learned.<\/p>\n

The council also discussed a draft proclamation on public enterprises. The bill is aimed at ensuring the transparency and accountability of the corporate management system of public enterprises, strengthening their competitiveness and efficiency through modernizing their corporate finance management system.<\/p>\n

The bill is expected to improve the debt burden of the enterprises so that they can effectively discharge their social responsibilities without affecting their profitability.<\/p>\n

More importantly, it enables the state-owned enterprises to contribute to the country\u2019s economic development, it was learned.<\/p>\n

The council referred the draft proclamation to the House of People’s Representatives for endorsement.<\/p>\n

The other draft bills tabled for discussion were proclamations designed to approve the agreements Ethiopia has concluded with the Luxembourg government and the Swiss Confederation for avoidance of double taxation and tax evasion prevention.<\/p>\n

During the discussion, it was noted that the proclamations have significant contributions towards encouraging investors to invest their resources in Ethiopia.<\/p>\n

The bills were subsequently referred to the House of People\u2019s Representatives for approval.<\/p>\n

For More News And Analysis About Ethiopia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ethiopia. The Council of Ministers has decided to raise the authorized capital of Ethiopian Railways Corporation (ERC) to 221 billion Birr, according to the Office of the Prime Minister. In its regular session today, the council instructed the ERC to complete infrastructures under construction and to make the completed ones operational. The regulation […]<\/p>\n","protected":false},"author":84,"featured_media":19429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,277,235],"class_list":["post-19430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"\nCouncil of Ministers Raises Authorized Capital of Ethiopian Railway Corporation to 221 Billion Birr - Ethiopia<\/title>\n<meta name=\"description\" content=\"The Council of Ministers has decided to raise the authorized capital of Ethiopian Railways Corporation (ERC) to 221 bill ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Council of Ministers Raises Authorized Capital of Ethiopian Railway Corporation to 221 Billion Birr\" \/>\n<meta property=\"og:description\" content=\"The Council of Ministers has decided to raise the authorized capital of Ethiopian Railways Corporation (ERC) to 221 bill ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr\" \/>\n<meta property=\"og:site_name\" content=\"Ethiopia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-22T22:13:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-22T22:25:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/03\/postQueueImg_1679507005.69.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Council of Ministers Raises Authorized Capital of Ethiopian Railway Corporation to 221 Billion Birr\",\"datePublished\":\"2023-03-22T22:13:19+00:00\",\"dateModified\":\"2023-03-22T22:25:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr\"},\"wordCount\":282,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/03\/postQueueImg_1679507005.69.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ethiopia\",\"ethiopia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/council-of-ministers-raises-authorized-capital-of-ethiopian-railway-corporation-to-221-billion-birr\",\"name\":\"Council of Ministers Raises Authorized Capital of Ethiopian Railway Corporation to 221 Billion Birr - 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