"New multilateral compensation model"

A Ministry of Economy officials says a working group will be set up to produce "a new multilateral compensation model". This would allow for a mutual settlement of debts between different subjects. "New multilateral compensation model" State Secretary Nebojsa Ciric told B92 TV on Thursday night that the state would redefine the money it had borrowed as its voluntary-based capital in the debtor companies. The state would then sell its property in two to two and a half years at the earliest, he said. "Multilateral compensation means that there must be sophisticated software. For instance, the Finance Ministry Treasury or the National Bank will once a month, when there is no trading, make a chain and pair up 20, 30, 40 companies, connecting them in this way." "The companies will report all or part of their obligations and claims, and in this way allow for the first company in the chain to have no notion of the existence of the 50th, with which it can compensate claims and obligations," Ciric was quoted as saying.

"New multilateral compensation model"

State Secretary Nebojša Ćirić told B92 TV on Thursday night that the state would redefine the money it had borrowed as its voluntary-based capital in the debtor companies.

The state would then sell its property in two to two and a half years at the earliest, he said.

"Multilateral compensation means that there must be sophisticated software. For instance, the Finance Ministry Treasury or the National Bank will once a month, when there is no trading, make a chain and pair up 20, 30, 40 companies, connecting them in this way."

"The companies will report all or part of their obligations and claims, and in this way allow for the first company in the chain to have no notion of the existence of the 50th, with which it can compensate claims and obligations," Ćirić was quoted as saying.