Govt. hopes to get “at least EUR 1.5bn” for Telekom

Finance Minister Diana Dragutinovic says the revenues from privatization in 2010 are expected to amount to EUR 1.6 -1.7bn. This figure would include the expected sale of the state's 40-percent stake in telecommunications company Telekom Serbia, which the minister expects will bring no less than EUR 1.5bn. Govt. hopes to get “at least EUR 1.5bn” for Telekom “Regardless of the deficit, the budget is solvent, having a sufficient amount of reserves of about EUR 600mn and consequently no problems with deficit financing,” Dragutiovic saod at a summit gathering governors of central banks and finance ministers of Southeastern Europe, held in Montenegro. Departing governor of the National Bank of Serbia (NBS) Radovan Jelasic and his likely successor and current NBS Council President Dejan Soski will also take part in the gathering.

Govt. hopes to get “at least EUR 1.5bn” for Telekom

“Regardless of the deficit, the budget is solvent, having a sufficient amount of reserves of about EUR 600mn and consequently no problems with deficit financing,” Dragutiović saod at a summit gathering governors of central banks and finance ministers of Southeastern Europe, held in Montenegro.

Departing governor of the National Bank of Serbia (NBS) Radovan Jelašić and his likely successor and current NBS Council President Dejan Šoški will also take part in the gathering.