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21. February 2003 - Friday |
NIS will not be privatized this year - Privatization Agency
BELGRADE - Serbian Privatization Agency Director Mirko Cvetkovic said on Friday that the Oil Industry of Serbia (NIS) would not be
privatized in 2003.
Cvetkovic said that under the law on privatization, large socially owned enterprises would undergo an ownership transformation process in the first four years, this period would be followed by restructuring, and would end up by the
privatization of these large state-owned enterprises, to which NIS also belongs.
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