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Home Industry & Trade

What Prospects for Libya's Private Sector?

5th March 2013
in Industry & Trade, Politics
What Prospects for Libya's Private Sector?
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By Padraig O'Hannelly.

Husni Bey, the chairman of HB Group -- according to some, Libya's richest man -- is not happy with Libya's lack of progress towards a free market economy.

In an interview with Voice of America, he criticised what he sees as a national mentality that wants everything from the government, and said he believes Libya’s new leaders are involved in mass institutional bribery.

Libyan's know the importance of being free to choose how society is governed, but for many people real "daily democracy" is the ability to compete in a free and open marketplace.

As a reader of Libya Business News, do you think the state sector is disproportionately large, and how do you view the prospects for the private sector? Please let us know your views in the Comments section below.

Tags: freedomHB GroupHusni Beymarket economy

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