EMS

Red Flags Raised over Serbia’s Procurement of Official Jet

Serbia's public procurement portal has no record of any public procurement procedure for the plane and the country's Treasury administration has no information on any payment being made by any Serbian state institution to either EMS S/A, the plane's previous user, or Brazil's ItauBank Leasing, which leased the plane to EMS S/A.

Only bid of Aelius valid in Galenika sale

Luxembourg-based Aelius, connected to Brazil's EMS SA, has submitted all necessary documents for the privatization of Serbia's pharmaceutical company Galenika.

The Ministry of Economy, in charge of the privatization, announced this, adding that the other bid, fron Belgrade-based Amicus SRB, connected to the Swiss HBM investment fund, was rejected due to incomplete documentation.