Serbia’s new privatisation bill, which will allow for fair, efficient and market-based finalisation of the privatisation of 600 companies that are in limbo, is expected to enter parliamentary procedure in July, Serbian Minister of Economy Dusan Vujovic said on Tuesday.
On the second day of the 14th Economic Summit, partnered by Tanjug Biz, Vujovic said that slightly fewer than 2,300 companies have been privatised pursuant to the old privatisation law, adopted in 2001.
A total of 161 companies are now in the process of being restructured, he added.
A 20-day public debate on the new privatisation bill will start on Wednesday in four Serbian cities – Kragujevac, Nis, Novi Sad and Belgrade. the minister announced, adding that the first privatisations are to be completed by February 2015.
Once adopted, the new privatisation law will make it possible to finish the privatisation of socially-owned capital by December 31, 2016, he said.
Vujovic also announced the adoption of the bankruptcy law, the new public companies law and the incentives law reports Tanjug.
Source Balkans
