Govt adopts action plan for bankruptcy in 188 companies

BELGRADE - The Serbian government adopted on Saturday an action plan for starting bankruptcy proceedings in 188 companies under the jurisdiction of the Privatisation Agency.

Bankruptcy proceedings will be initiated in companies that do not produce anything anymore, are not interesting to any potential investors and cannot be sustained.

The government ordered the Ministry of Finances, Tax Administration and Development Fund to initiate bankruptcy proceedings in those companies, according to a statement from the government office for media relations.

There are no employees in 76 of those companies, while another 50 have less than 5.

All 188 companies are included in the igovernment programme for redundancies, which covers severance pays as well.

Photo Tanjug/S. Radovanovic