Q:
A:
€200m for companies in restructuring
Belgrade,
5 December 2013
Minister of Economy Sasa Radulovic said today that the Transition Fund will dispose of €200 million, which will be aimed at restructuring of enterprises.
Author:
Tanjug
Radulovic said at a meeting attended by representatives of more than 150 companies in restructuring that companies are obliged to complete the "identity card", to list their assets, liabilities and determine the claims and make a business plan for 2014, after which the money from the Transition Fund will be available to them.
The workers will receive minimum wages, while the remaining part of the debt will be converted into equity, he said.
He explained that the employee will become the owners of the capital in companies.
Radulovic reiterated that the government will support the formation of new managements in these companies if existing ones are unable to meet their obligations.
Investors will be sought for those companies that are have clean balance sheets and those companies will be able to count on the support of the Development Fund, said the Minister.
The workers will receive minimum wages, while the remaining part of the debt will be converted into equity, he said.
He explained that the employee will become the owners of the capital in companies.
Radulovic reiterated that the government will support the formation of new managements in these companies if existing ones are unable to meet their obligations.
Investors will be sought for those companies that are have clean balance sheets and those companies will be able to count on the support of the Development Fund, said the Minister.
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