Serbia to Privatize Publicly Held Companies

Politics ♦ Published: September 22, 2012; 13:03 ♦ (Vindobona)

In order to reduce the budget deficit, the Serbian Minister of Finance Mladjan Dinkic plans to sell a part of the state-owned companies.

Serbia to Privatize Publicly Held Companies / Picture: ©

Dinkic explains that Serbia will not only cover its budget deficit by new debt, but also by privatizing publicly held properties. A part of the companies should be kept, such as the Belgrade Airport Nikola Tesla. The energy sector should not be sold either. However, those companies which are not competitive in the long term should be privatized. Moreover, some fixed assets may be sold…