Kalistani Major History

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Companies Energia (Formerly National Energy) and EnsGas (Formerly National Petroleum) are set for IPO sales over the coming weeks


As part of the government's plan for increased economic growth, investment and entrepreneurship, Minister of Trade and Industry Paulino
Sarachu has announced sweeping changes in the ownership of nationalised companies, long a staple of the Socialist Party's economic
policy. The proposal would part privatise the mega-conglomerates National Energy (now Energia) and National Petroleum (now EnsGas),
opening their boards and shares to national and foreign investors. Such a move has gathered a great deal of interest, with Energia controlling
the bulk of coal and oil fired power-plants in Kalistan, and EnsGas owning rights to possible lucrative untapped Oil Reserves in the Ananto Strait.
Possible buyers of the initial IPO include the Hamilton Company, who have long been interested in the promised privatisation of the Enskalan
Petroleum industry.
National Energy and National Petroleum were key cornerstone companies, along with National Rail, which were formed over the course of
the Socialist government. The Socialist Party of Kalistan was highly influential in the historical development of the "Old Regime". However,
following the collapse of the Socialist Party and several decades of political chaos there has been a gradual decline in the Kalistani economy.
Through privatisation, the attraction of foreign investors, progressive taxation and pragmatic regulation, the Berrio Government seeks to
improve Kalistan industries through the creation of a freer, growth orientated economy. Paulino Sarachu has proposed a Government ideology
which seeks to take into account economic necessity as well as the rights and interests of community, labour and industry stakeholders.

The Old Regime
The Old Regime was the period of Socialist Party domination in Kalistan. Beginning in the third millennium and ending in the fifth millennium
following the SPoK's collapse, it is considered a controversial time in Kalistan most notably for the variety of different experiences held by
different parts of the population. Initially begun under One Party rule, it led to a period of great economic success near the beginning of the
fifth millennium around the time democracy was established. Known as the "Age of Affluence" by its supporters, economists attribute its success
to the policy of "Ethical Socialism" first exercised under the one-party government and refined during the democratic period.
A key aspect of "Ethical Socialism" lay in government control of key sectors of the economy such as National Energy and National Petroleum.
However, the subsequent downgrading of the economy and collapse of the Socialist Party has resulted in economic hardship in Kalistan.
Supporters of the SPoK emphasise the progressive nature of the society and the economic progress which occurred during their tenure. However,
opposition groups, most notably the Enskalan National Movement, emphasise the instability brought by the Socialist Party's collapse as well as
the lack of a consistent national identity which they attribute to government policies under the one-party period.

The New "Enskalan" Model
The government has set specific boundaries on investment, most notably a guarantee that government will retain atleast a plurality
of the shares of each company, with foreign investors limited to less than the government's share. This policy has been partially extended to
all national enterprises, where foreign investors are banned from controlling a majority of the stake. This, the government says, is in order
to prevent the use of nationalised or corrupt companies by foreign enemies to undermine national industries. It also seeks to combine the
positives of entrepreneurship and private investment with the democratic oversight which comes with nationalisation of key sectors and
natural monopolies. This new economic system, coined the Enskalan model by Sarachu, intends to allow the government to ensure market
efficiency through regulatory oversight, projecting the will of the people within the private sphere and preventing short-term profiteering
which may result in long-term damage or sudden crashes.


Haritza is the leading Enskalan newspaper in Kalistan. Although having historically limited readership it has grown in popularity with the
rise of the National Movement and the election of the Union of Enskalan Democrats to the National Assembly. Its editors emphasise political
neutrality on internal Movement matters, however it is staunchly in support of the National Movement's aim of establishing an Enskalan
national identity.