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12. August 2002 |
Will privatization help sick Serbian economy
LONDON - Success in the sale of dozens of medium scale firms in relatively good condition will determine not only the fate of the companies and their employees, but will be decisive for securing the budget revenue it badly needs and for the prospects of Serbia to catch up one day with the West, British news agency Reuters assessed Monday.
World Bank chief for Yugoslavia Rory O'Sullivan said that it is important that property gets into the hands of owners with capital, who can manage companies efficiently, and there is no doubt that privatization should take place quickly.
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