Cvetković: Govt. working on selling Jat

Prime Minister Mirko Cvetkovic said that the government is working intensively on selling Jat Airways. He told daily Press that a strategy is being prepared to find the easiest way for getting Jat our of its financial crisis, adding that the plan could be debated by the government after the Easter holidays. Cvetkovic: Govt. working on selling Jat “The basic elements include forming a new company that will deal with taking over the services Jat offers and that company will take over the workers, their business, and their market. We believe that this strategy will attract a large number of potential investors,” Cvetkovic said. He said that Jat’s debts would not be paid for by the citizens. “The debts will remain with the old company and they will be solved within the sale of the property of the existing company. Either through bankruptcy or another solution, we’ll see,” Cvetkovic said. He said that there are no plans for the sale of Serbian Electric (EPS), but that private capital will be set aside in phases through the construction of new production capacities. “In that way, we will gradually introduce a competitive atmosphere in the electricity system with which we will positively affect the corporative administration. That is why an approach will be carried out in phases, because the worst thing would be to exchange a state monopoly for a private one,” he said. He said if the state did not sell companies, Serbia would be a communist country and not a modern country with a market economy. Mirko Cvetkovic (Beta archive)

Cvetković: Govt. working on selling Jat

“The basic elements include forming a new company that will deal with taking over the services Jat offers and that company will take over the workers, their business, and their market. We believe that this strategy will attract a large number of potential investors,” Cvetković said.

He said that Jat’s debts would not be paid for by the citizens.

“The debts will remain with the old company and they will be solved within the sale of the property of the existing company. Either through bankruptcy or another solution, we’ll see,” Cvetković said.

He said that there are no plans for the sale of Serbian Electric (EPS), but that private capital will be set aside in phases through the construction of new production capacities.

“In that way, we will gradually introduce a competitive atmosphere in the electricity system with which we will positively affect the corporative administration. That is why an approach will be carried out in phases, because the worst thing would be to exchange a state monopoly for a private one,” he said.

He said if the state did not sell companies, Serbia would be a communist country and not a modern country with a market economy.