Government cancels protection - Zastava goes bankrupt, Thursday to see tender for PKB

(Photo: Ivana Vuksa)

The minister of trade, Zeljko Sertic, said on Tuesday, December 29, 2015, at Kaziprst B92, that December 31 social capital at our companies and in the state will no longer exist. He said it refers only to some companies where privatization process has already started and some companies where court dispute has been in progress such as Beogradski sajam.

According to him, on Wednesday, December 30, 2015, governmental protection for six companies will no longer exist so Zastava vozila Kragujevac will go bankrupt as well as Iskra" Baric, PKB will go private and reconstruction plan was announced from Krusevac-based FAM.

He said that 400 firms no longer exist and that we will step into New Year with 10 problematic companies whose destiny will be solved until May 31, 2016. These are RTB Bor and Resavica. Serti said that 20.000 employees have already taken reimbursements and funds have been set aside for the remaining ones from the budget for next year.