PRIVATIZATION

The aim of privatization pursued in the territory is to change the ownership and business structure, to attract foreign investments, to increase competitiveness of enterprises, and create employment.

LEGAL BASIS: Privatization Act

LEGAL INSTITUTION WHICH DEALS WITH PRIVATIZATION: Privatization Agency of the Republic of Serbia (www.priv.yu)

TYPE OF ENTERPRISES: Enterprises with 100% socially owned or state capital are privatized by auction method and public tender method. The procedure is implemented by the Privatization Agency.

Joint Stock companies are sold at the Belgrade Stock Exchange (www.belex.co.yu) and the Shareholding Fund of Serbia.