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14. August 2002 |
Tomorrow beginning of privatization of banking system in Serbia
The State is taking over shares in 18 banks
Belgrade - Process of privatization of 18 banks in Serbia practically begins tomorrow. Tomorrow expires legal deadline for emission of new shares in value of debts towards the Paris and London Club and obligations as per old hard currency saving. The owner of these shares will be come the State which in return undertakes the obligation to return the debts to the creditors.
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