Saturday, October 08, 2005

Kosovo Privatisation Agency Offers 14 Firms for Sale

PRISTINA (Serbia and Montenegro), October 7 (SeeNews) - Kosovo Trust Agency (KTA), charged with the privatisation process in the U.N.-run southern Serbian province of Kosovo, said on Friday it launched the sale of 14 companies, as part of the ninth privatisation wave.

KTA said in a statement it set November 30 as the pre-qualification deadline and December 7 as the bidding deadline in the sale of 12 of the companies.

Pre-qualification deadline for the remaining two, the ceramic tiles factory Karaqeva and the Kaolini transport company, is January 11 and the bidding deadline is January 18.

The current wave of privatisations does not include sales through a special spin-off - a procedure that requires additional investment and employment guarantees, KTA said.

KTA ( ) has so far sold around 50 of the 500 companies it has on its privatisation list. However, its efforts to boost the economy of the province of two million people and create new jobs have been hampered by Kosovo's unclear status.

Kosovo, legally part of the loose union of Serbia and Montenegro, has been under U.N. administration since 1999 following a NATO bombing campaign to halt Serb repression of the ethnic Albanian majority in the province.


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I disagree with that privatization of public entities. I prefer that some private and qualified companies began to compete with the State ones.