Státní podnik
Státní podnik is a Czech Republic and erstwhile Czech Socialist Republic designation for a business entity owned by the government. As is now and was always the case, the entity name is followed by the name of its legal structure, either spelled out or abbreviated in lower case.State enterprises were created in 1988 by the Czech Socialist Republic and its organizational units :cs:Organizační složka státu| under an initiative of socialist reconstruction ''. In 1990, a new law brought decision-making power back to founders and self-management of labor collectives were abolished, leaving only a partial representation of employees in the supervisory board. The agency diminished in 1997.
