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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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