The session of the Privatisation Committee held on 4 October saw protracted discussion of current issues relating to the trade in shares of Arandjelovac-based beverage maker Knjaz Milos. The Committee resolved to recommend to the Ministry of Finance to bring laws regulating Serbia’s capital market into line with each other, as well as to improve its regulatory activities over the primary and secondary financial markets. Committee members asked the Serbian Ministry of the Interior to examine the trade in shares of Knjaz Milos, establish whether there were any irregularities, and submit a full report to the Committee.

Discussing the report on the privatisation procedure of Zemun-based Veterinarski zavod Ltd, Committee members recommended the Privatisation Agency to consider the possibility of implementing provisions of Article 400a of the Companies Act relating to the introduction of new management bodies.

The Ministry of Economy of the Republic of Serbia submitted a report on monitoring the privatisation process of Bor-based Centroistok LLC, and suggested that the current purchase contract should remain in force, provided that certain conditions are met. Committee members accepted the Ministry’s suggestion.

The Privatisation Committee also discussed the report of the Privatisation Agency on the control of the implementation of the contract on the sale of socially-owned capital of the Kraljevo-based Elektron Ltd stating that conditions have been met for the termination of the contract on the sale of socially-owned capital by public auction to be retracted. The Privatisation Committee will state its position after the Measures Establishment Commission, which will in turn be passed after the Privatisation Agency completes its assessments.