05.07.2009
The GCA was established by force of the Government Companies Law, 1975. Its functions are to represent the government forum in so far as the Government Companies are concerned, their privatization and structural changes within the companies
With the emergence of OPEC, states began to decide on the price of crude oil which became known as the Government Sales Price. This brought an end to the Posted Price according to which the international oil and gas companies determined the price
A Government company in Israel is a company in which more than half of the voting powers at its general assembly or the right to appoint more than half its directors is held by the state. Israel Electric is held 99.85% by the state