Mali: Serbia to adopt public enterprises law by mid-2023

BELGRADE - Serbian Finance Minister Sinisa Mali says a new law on management of state-owned enterprises, under preparation in collaboration with the IMF, is due to be passed by the parliament by mid-2023.

In a statement to Tanjug, Mali said that, under the new articles of association of the national power company EPS, the appointment of its director will no longer require government consent, which will ensure better management and financial growth of the company.

In the future, EPS directors will be appointed by the supervisory board, which will also assume the responsibility for the work of the director and the company's operations, which will have to meet the objectives set in the business plan.

That is a huge change and allegations of government influence or managers being linked with political parties will no longer serve as excuses for poor management,...