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Minimum price of $1.4bn for Telekom block of shares established
23 December 2010
Belgrade, 23 Dec 2010 –The Serbian government adopted at its session today the Bill on the capital market, the Bill on amendments to the Law on investment funds and the Bill on amendments to the Law on financial leasing.
The government also adopted the Bill on amendments to the Law on foreign exchange transactions, the Bill on companies, the Bill on control of precious metal objects and the Bill on social security.
Other bills adopted are the Bill on geological research and the Bill on amendments to the Law on enforcement of penalties.
The government adopted the Conclusion on establishing the minimum price of $1.4 billion for the block of shares of telecommunications company Telekom Srbija AD Beograd which represent 51% of its capital.
The government has tasked the Ministry of Finance to coordinate all activities with the working group for monitoring the sale of the state-owned portion of Telekom shares and implement all activities aimed at informing the participants about the minimum price of the share package.
At today’s session the government established a National Council for Rural Development, and appointed Minister of Agriculture, Forestry and Water Management Sasa Dragin its president.
It also adopted a conclusion proposing that the National Corporation for Housing Loan Insurance undertake measures that will enable the acceptance of loan insurance with a mortgage in the form of immovable property of the first category in the early stages of flat construction at Stepa Stepanovic and Brace Jerkovic locations, with the Serbian Construction Directorate as the bearer of the construction permit.
The government decided to grant 500 tones of coal for heating to the thermal electric power plant in Kraljevo, as well as to secure basic provisions for endangered population in the municipality of Prijepolje and mercantile corn for the crisis response team in Loznica.
Other bills adopted are the Bill on geological research and the Bill on amendments to the Law on enforcement of penalties.
The government adopted the Conclusion on establishing the minimum price of $1.4 billion for the block of shares of telecommunications company Telekom Srbija AD Beograd which represent 51% of its capital.
The government has tasked the Ministry of Finance to coordinate all activities with the working group for monitoring the sale of the state-owned portion of Telekom shares and implement all activities aimed at informing the participants about the minimum price of the share package.
At today’s session the government established a National Council for Rural Development, and appointed Minister of Agriculture, Forestry and Water Management Sasa Dragin its president.
It also adopted a conclusion proposing that the National Corporation for Housing Loan Insurance undertake measures that will enable the acceptance of loan insurance with a mortgage in the form of immovable property of the first category in the early stages of flat construction at Stepa Stepanovic and Brace Jerkovic locations, with the Serbian Construction Directorate as the bearer of the construction permit.
The government decided to grant 500 tones of coal for heating to the thermal electric power plant in Kraljevo, as well as to secure basic provisions for endangered population in the municipality of Prijepolje and mercantile corn for the crisis response team in Loznica.
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