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25. May 2002
About 4,000 companies to declare bankruptcy, Serbian minister
BELGRADE - About 6,000 companies in Serbia are waiting to become privately-owned, but this process is expected to be successfully carried out only by 2,000, while the remaining 4,000 will declare bankruptcy, Serbian Economic and Privatization Minister Aleksandar Vlahovic said on Friday.

Speaking at a conference of the US - Yugoslav Business Council, Vlahovic underscored that Serbia is still not ready to begin the privatization of state-owned firms via international tenders, because these companies should first be restructured.

 

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