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A:
Hungarian firm eyes Serbian oil company NIS
Belgrade,
26 May 2005
Representatives of the Serbian Ministry of Economy met today with a delegation of Hungarian businesspeople to present advantages of doing business and investing in Serbia.
During the meeting, representatives of Hungarian oil company MOL expressed interest in the upcoming privatisation of Serbia’s state oil and gas company NIS.
Assistant Minister of Economy Zora Simovic said that changes to the Law on privatisation, adopted earlier this week, should help to speed up the privatisation process and attract greater interest of potential partners.
Simovic announced that 20 privatisation tenders for large companies in the metals, textile, transport, and farm machinery industries will be called by the end of the year.
Assistant Minister Ljubisa Jovanovic said that Serbia should assume Hungary’s role as the regional leader in attracting foreign direct investment.
As part of cooperation with NIS, MOL will build 12 new petrol stations in Serbia this year. MOL CEO Gyorgy Mosonyi said that the plan for the full year is to build between 100 and 150 stations in an investment programme exceeding €100 million.
Hungarian firm Transelektro Group is interested in taking part in the restructuring of Serbia’s thermoelectric power plants and other power facilities in Serbia-Montenegro as well as in building shopping centres.
Also, Hungarian Telekom eyes Serbia’s telecommunications sector because, according to Telekom officials, it is the last region in Europe with a potential for growth in this industry.
Assistant Minister of Economy Zora Simovic said that changes to the Law on privatisation, adopted earlier this week, should help to speed up the privatisation process and attract greater interest of potential partners.
Simovic announced that 20 privatisation tenders for large companies in the metals, textile, transport, and farm machinery industries will be called by the end of the year.
Assistant Minister Ljubisa Jovanovic said that Serbia should assume Hungary’s role as the regional leader in attracting foreign direct investment.
As part of cooperation with NIS, MOL will build 12 new petrol stations in Serbia this year. MOL CEO Gyorgy Mosonyi said that the plan for the full year is to build between 100 and 150 stations in an investment programme exceeding €100 million.
Hungarian firm Transelektro Group is interested in taking part in the restructuring of Serbia’s thermoelectric power plants and other power facilities in Serbia-Montenegro as well as in building shopping centres.
Also, Hungarian Telekom eyes Serbia’s telecommunications sector because, according to Telekom officials, it is the last region in Europe with a potential for growth in this industry.
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