Q:
A:
Four strategic laws on economy soon to be completed
Belgrade/Kikinda,
22 February 2006
Serbian Minister of Economy Predrag Bubalo said last night in Kikinda that the ministry's priority this year is to complete the drafting of four strategic laws indispensable for economic development and speeding up privatisation.
Predrag Bubalo
Bubalo said that apart from the law on entrepreneurs and the law on cooperatives, which will clear up all contentious issues regarding privatisation within cooperatives, this year the ministry will also compose laws on balanced regional development and on commodity exchange.
The ministry will also draft a privatisation register strategy and a strategy on the privatisation of public companies.
According to Bubalo, strategies on the privatisation of construction land and on the national economic development from 2006 to 2012 are of extreme importance, and the greatest portion of these documents will be completed in the first half of 2006.
Bubalo announced that the construction material maker "Toza Markovic" from Kikinda could be privatised this year, adding that several large foreign companies have expressed an interest in the company.
He pointed out that the best solution for the Kikinda-based factory may be one of the large construction material manufacturers from Germany, Spain or Italy, who are ready to offer serious investment and social programmes.
Bubalo recalled that the Austrian company "Tondah" and Croatian company "Nasice-cement" have already bought two Serbian industrial pottery manufacturers and added that it would not be good if one of these two factories bought "Toza Markovic" as well, because if this occurred two thirds of the total brick products manufacturing in Serbia would be in hands of one owner.
The lack of good investment and social programmes on behalf of "Nasice-cement", the owner of 30.3% of capital in the factory "Toza Markovic", was the main reason why a 15% block of shares owned by the state was not offered at a tender, concluded Bubalo.
The ministry will also draft a privatisation register strategy and a strategy on the privatisation of public companies.
According to Bubalo, strategies on the privatisation of construction land and on the national economic development from 2006 to 2012 are of extreme importance, and the greatest portion of these documents will be completed in the first half of 2006.
Bubalo announced that the construction material maker "Toza Markovic" from Kikinda could be privatised this year, adding that several large foreign companies have expressed an interest in the company.
He pointed out that the best solution for the Kikinda-based factory may be one of the large construction material manufacturers from Germany, Spain or Italy, who are ready to offer serious investment and social programmes.
Bubalo recalled that the Austrian company "Tondah" and Croatian company "Nasice-cement" have already bought two Serbian industrial pottery manufacturers and added that it would not be good if one of these two factories bought "Toza Markovic" as well, because if this occurred two thirds of the total brick products manufacturing in Serbia would be in hands of one owner.
The lack of good investment and social programmes on behalf of "Nasice-cement", the owner of 30.3% of capital in the factory "Toza Markovic", was the main reason why a 15% block of shares owned by the state was not offered at a tender, concluded Bubalo.
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