There are slightly over 70 companies remaining to be privatized in Serbia, but around 30 of them cannot be subject to advertising and privatization due to unresolved property-legal relations, court procedures or other problems, says the state secretary at the Ministry of Economy, Dragan Stevanovic.

– When it comes to the sector of privatization and bankruptcy proceedings, we have made some serious progress – Stevanovic told Tanjug.

He announced that the Bankruptcy Supervision Agency would continue selling companies’ property in 2020 and said that there had been more than 100 ads in 2019 and that the funds realized through the sale of bankruptcy debtors were measured in billions of dinars.

– The budget gained over a billion dinars thanks to this, whereas other funds were paid to the accounts of the creditors in those bankruptcy proceedings – Stevanovic said.

He said that the procedure of the sale of the property had been made easier through amendments to the law, allowing for more efficient sales so that the property could start creating new value in the next period, which would reflect on the annual growth of the Serbian economy.