Belgrade, Nov.26, 2009 (Serbia Today) - Pre-qualification tender for the sale of ‘Galenika’ shall be announced by the end of the month, announced Vladislav Cvetkovic, Acting director of the Privatization Agency.
“We shall call on the investors to express their interest in a letter of intent in which they shall be expected to present their development plan for the company. ‘Galenika’ is an established company and the Government expects only qualified bidders,” said Cvetkovic, in an interview with Serbian daily ‘Blic’.
Q: Is your optimism based on any concrete reason?
“At the moment the list of potential serious investors in 'Galenika’ is rather long. We want to choose a the best buyer of ‘Galenika’ not only in the view of money but in the view of the long term investment plans as well.”
Q: Recently you announced privatization of public enterprises in the next year?
“We expect strategy for privatization of public communal enterprises to be finished soon by the Ministry of economy and regional development. The model of privatization shall not be sale of those enterprises but securing investors and their capital for them’.
Q: What about privatization of sport clubs?
“The existing situation in these clubs is not in the interest of either the State, the citizens, or the clubs. The equity division in these clubs is very complicated and should be determined first. The State shall not tolerate such situation to continue. It shall not be the classic way of privatization but one that shall secure development of sports and quality management”
Q: Is any big privatization planned in 2010?
“Privatization of Telecom Serbia, JAT, Nikola Tesla Airport, or EPS should not be expected to take place in the next year”
Q: About one fifth of privatization contracts have been cancelled. Isn’t that too many?
“It is important to say that there is large number of companies we tried to sell several times. Privatization has been going on for a long time and had it been quicker and more efficient we would have been more ready for the potential buyers. Nothing was invested in those enterprises in the past 20 to 30 years’.
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