The term 'privatisation' has recently expanded to include not only the very fact of the change of ownership but also the social and political as well as economic conditions in which that change takes place.The paper lists factors and conditions conducive for effective privatisation. They include: 1) coexistence of political and economic reforms, 2) capability of the leaders of showing the society the benefits of privatisation, and provision of general economic education, 3) reduction of the resistance to privatisation which may be expressed by those groups of population which are threatened by privatisation (certain workers' groups/employees, certain government officers etc.), 4) principles of disclosure as well as social control and...