Serbia plans state sell-offs

Johannes Schneider Johannes.Schneider at SPAMgmx.net
Tue May 8 03:54:18 MDT 2001


>From the BBC website. Full text at:

http://news.bbc.co.uk/hi/english/business/newsid_1281000/1281736.stm

Serbia plans state sell-offs

Serbia expects to raise about 330m Deutschmarks ($150.3m; £104.4m) by
selling off the country's most valuable state-owned assets, the government
has said.
"Within weeks, five or six companies coming from different sectors will be
offered for sale via tenders. Total expected privatisation receipts in 2001
are around 330m marks," Privatisation Minister Aleksandar Vlahovic said.
 The government wants to use the cash raised to pay-off the companies'
foreign debts and compensate the pre-1945 owners.
Trade unions have condemned the new privatisation legislation, which has
been redrafted to favour foreign investors by cutting share offers to
employees.







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