Serbia -Privatisation could end up in bankruptcy -May 21, 2015

189 firms have already gone into bankruptcy.

In an ongoing privatisation process a total of 526 enterprises with about 92,000 employees remained to be privatised and 50 enterprises alone have total debts of around 4 billion euro, with the government claiming half of them. A total of 189 firms have already gone into bankruptcy, 24 of which are water management enterprises that will be merged with the public enterprises, 23 being veterinary stations that will be managed by local governments, and 72 media firms whose privatisation will also be completed by 1 July.

English: http://www.b92.net/eng/news/business …   

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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