Tuesday, 15 December 2009

Fifteenth Sitting of the Privatisation Committee

At the sitting held on 15 December, the Privatisation Committee considered and adopted, by a majority of votes, the Ministry of Economy and Regional Development Report on the Activities of the Privatisation Agency for October 2009, the Privatisation Agency’s Work Programme for November 2009, the Ministry of Economy and Regional Development Report on the Activities of the Republic of Serbia Share Fund for October 2009 and the Ministry of Economy and Regional Development Report on the Activities of the Republic of Serbia Share Fund for November 2009. The Committee members went on to consider five pieces of information submitted by the Privatisation Agency: on the realisation of the Restructuring Programme of company Generalexport from Belgrade, in the process of restructuring, and company International CG from Belgrade, in the process of restructuring, on the privatisation process and control of the fulfillment of contractual obligations of the buyer of privatisation subject Trayal Corporation from Krusevac, on the privatisation process of Prva Iskra from Baric and control of the fulfillment of contractual obligations of the buyer of factories PAM, Polystyrol, Reinforcement and FRAK, Standard Process Equipment and Montaza and on the control of the fulfillment of contractual obligations of the buyer of ISP Savremena Administracija from Belgrade.



At the sitting held on 15 December, the Privatisation Committee considered and adopted, by a majority of votes, the Ministry of Economy and Regional Development Report on the Activities of the Privatisation Agency for October 2009, the Privatisation Agency’s Work Programme for November 2009, the Ministry of Economy and Regional Development Report on the Activities of the Republic of Serbia Share Fund for October 2009 and the Ministry of Economy and Regional Development Report on the Activities of the Republic of Serbia Share Fund for November 2009.

The Committee members went on to consider five pieces of information submitted by the Privatisation Agency: on the realisation of the Restructuring Programme of company Generalexport from Belgrade, in the process of restructuring, and company International CG from Belgrade, in the process of restructuring, on the privatisation process and control of the fulfillment of contractual obligations of the buyer of privatisation subject Trayal Corporation from Krusevac, on the privatisation process of Prva Iskra from Baric and control of the fulfillment of contractual obligations of the buyer of factories PAM, Polystyrol, Reinforcement and FRAK, Standard Process Equipment and Montaza and on the control of the fulfillment of contractual obligations of the buyer of ISP Savremena Administracija from Belgrade.

Having been briefed on the companies’ privatisation problems, the Committee members adopted the abovementioned information of the Privatisation Agency and concluded that representatives of said privatised companies and the Privatisation Agency analyse the problems together and discuss all the disputed privatisation issues, and then inform the Committee over the course of January and February 2010.

The Committee sitting was chaired by Milan Nikolic, Committee Chairman.


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