Privatisation Agency

The Higher Court in Belgrade will hand down a new verdict in the retrial of a former Serbian economy minister, Predrag Bubalo, on Friday. The retrial was ordered after his earlier acquittal of charges of abuse of office was reversed.

Bosnia's Council of Ministers said on Tuesday that it will wait for an opinion from its Committee for Succession before making any official move in response to the new Croatian law that allows Zagreb to rent out properties in Croatia that were inherited from the former Yugoslavia.

The purpose of Simeon Dyankov was for the company Bulbrokers to benefit and receive BGN 1,276,680, announced the spokesperson of the Prosecutor General Rumyana Arnaudova at a briefing.

Former Finance Minister in the first cabinet of Boyko Borisov was indicted on charges of abuse of office on Friday in relation to the prisatization of the electricity distribution venture EVN.

The deal with the minority package of the two ventures of the electricity distribution company EVN-Bulgaria was made on the stock exchange at market prices. The investment broker was selected via a competition because of the lowest price offered, announced to journalists the chairwoman of the Commission on Protection of Competition Yulia Nenkova, cited by BTA.

Bulgarian arms  manufacturer VMZ-Sopot and arms trader Kintex will remain state-owned, it emerged on Wednesday after a weekly cabinet meeting.

The Democratic Party of Serbia and the right-wing movement Dveri said on Friday that government's decision to sell Telekom was "scandalous", insisting there was no economic reason for selling a company that earns millions of euros annually.

The Serbian government expressed readiness to shut down state media in case they do not comply with the approaching privatisation deadline.

Serbian Minister of Culture and Information Ivan Tasovac announced on Thursday that state-owned media must submit the necessary documentation for their sale immediately and their privatisation should be completed in four months.

BELGRADE - Protection from creditor claims will in May cease for 77 out of 144 companies under restructuring, Privatisation Agency Director Ljubomir Subara announced on Monday.

However, he could not confirm whether the companies will be exempt from creditor claims in case tenders to privatise them are launched in the meantime.

Bulgaria plans to keep the Domestic Diplomatic Properties Agency ADIS in state ownership.

The government decided at its weekly meeting on Wednesday to ask Parliament to adopt legislative changes that will put ADIS on the list of companies that must remain state-owned.

WASHINGTON - The World Bank (WB) Board of Directors granted Serbia on Wednesday a loan worth EUR 88.3 million (around USD 100 million) as support to structural reforms, WB released on Wednesday.