Friday, April 01, 2005

Kosovo Launches Fifth Wave of Privatisation in April

Kosovo will offer for sale 15 state-owned companies in the fifth wave of privatisations which the United Nations-run Serbian province would launch later this month, the U.N. said on Friday.

Kosovo Trust Agency (KTA) has prepared for sale 15 enterprises, the United Nations Mission in Kosovo (UNMIK) said in a statement.

It did not name the companies or their fields of activity.

KTA is the agency charged with privatising hundreds of companies in Kosovo. The fourth wave of privatisation, that includes 22 companies, should be completed by mid-April.

KTA completed the third wave of privatisation tenders in the province last year, earning more than 16 million euro ($21 million) from the sales of 17 firms.

Kosovo, a Serbian province of two million people, is legally part of the loose union of Serbia and Montenegro, which succeeded rump Yugoslavia in 2003. The province was put under U.N. administration in 1999 following NATO bombings on Serbia to halt repression of the ethnic Albanian majority in Kosovo by Belgrade.

($=0.7715 euro)

Source: SeeNews (DM/BMK/MH)

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