SARAJEVO, May 17 (Hina) - Privatisation in the Bosnian Federation in the coming months will be stepped up considerably, with the ultimate goal of selling by year's end 90 percent of companies in which the state has a majority
interest.
SARAJEVO, May 17 (Hina) - Privatisation in the Bosnian Federation
in the coming months will be stepped up considerably, with the
ultimate goal of selling by year's end 90 percent of companies in
which the state has a majority interest. #L#
A programme drawn up by the federal Privatisation Agency in 1999
envisages the sale of 1,450 companies in which state capital has a
nominal value of 17.3 billion convertible marks (KM).
Up to now, 184 companies in which the state had KM606 million have
been sold through tenders, Privatisation Agency assistant director
Zlatan Dedic told reporters in Sarajevo on Friday. These sales
yielded a KM529 million profit, including 155 million in cash, and
the rest in certificates.
Contracts have been signed to invest KM586 million and open 4,513
jobs. Twenty-five contracts have been signed with foreign
investors, including nine with Slovenia. Austrian investors come
second, with five contracts, followed by Germans and Croatians with
two each.
Among the top five foreign investors in Bosnia and Herzegovina is
Croatia's "Jamnica" mineral water manufacturer, which has expanded
its operations in Bosnia after purchasing the "Kiseljak" company
from Sarajevo.
Among the companies with the state as majority owner which have not
been sold yet are some of the most profitable ones, like "Telekom
BH" from Sarajevo, "Croatian Telecom" and "Aluminum Multi-Plant"
from Mostar, as well as tobacco companies from Sarajevo and
Mostar.
(EUR1 = KM1.95)
(hina) ha sb