BAJATOVIC: Equal rights for Serbia and Russia in Juzni Tok Srbija

Dusan Bajatovic (Photo: Mc.rs)

Regardless of their different ownership stakes in the Juzni Tok Srbija (South Stream Serbia) company, Serbia and Russia will be managing that company on equal terms, said Srbijagas CEO Dusan Bajatovic.

In his last night's guest appearance on TV Pink, Bajatovic noted that although Russians held a 51-percent stake in that company, they cannot make any crucial decision, such as the change of the company's seat or name, without the consent of Serbia.

Bajatovic specified that the construction of South Stream in Serbia would secure 5,000 people a job, adding that it would take them two years to complete all the works. He also noted that the gas pipeline would reach its full capacity in 2017.