Privatization

BELGRADE - Adopting the bill of amendments to the privatisation law will solve the issue of the 584 companies that have not been privatised or are being restructured, Serbian Minister of Economy Dusan Vujovic said on Tuesday, adding that the end of next year will be the deadline for transforming those companies.

Slovenia has announced it is re-launching the privatization of 15 state-owned enterprises before the new government assumes office.

The plan was temporarily frozen due to the parliamentary elections, according to reports of the BGNES news agency.

 Emmanuel Kondylis, a business administration professor, to become new TAIPED chairman

Greece has appointed a management professor to head its privatizations agency, the fifth leadership change since the agency was launched in 2010 to sell off state assets as required by the country's international bailout.

BELGRADE - Privatization through direct bargaining will no longer be possible, Serbian Economy Minister Dusan Vujovic said Monday, pointing to one of the most significant changes to the privatization law.

Turkey will make nearly $10 billion from privatization of state sales if all of the most recent privatizations, including the national lottery sale for an over the top price, were approved by the government Turkey’s income from privatizations since the beginning of the year has exceeded expectations, approaching $10 billion with the recent privatization of a 10-year national lottery li

Arrests in Azotara plant corruption case

BELGRADE -- Zekstra company owner and executive board chairman of the Veterinary Institute Dragan Đurić has been placed under arrest, Tanjug reported.

Along with him, owner and director of Akter DOO Tihomir Trišić and owner of Staša DOO Milan Divljak were also detained on Friday.

Greek lawmakers gave green light to a bill under which 30% of the Public Power Corporation (PPC) will be sold as part of a large-scale privatization program.

Opposition parties however submitted proposals to hold a referendum on the move, daily Kathimerini's website reports.

A strike by Public Power Corporation (PPC) workers was called off on Sunday night, with attention now shifting to the parliamentary vote on legislation allowing the electricity monopoly to be privatized.

Most parts of the country are expected to be without power at various points during the day on Thursday as Public Power Corporation (PPC) workers begin rolling strikes in protest at the government’s privatization plans, which Prime Minister Antonis Samaras insisted he has no intention of abandoning.

By Giorgos Lialios

State sell-off fund TAIPED announced on Monday that it was freezing the privatization process for the majority stake in the Thessaloniki Water Company (EYATH).