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Tender sales of Genex to be launched on December 27

          Serbian Minister of Economy and Regional Development Mladjan Dinkic announced that tender sales of the company Genex will be published on December 29.
          According to him, the offers for Genex will be submitted until March 24, 2008, whereas the auction bidding is scheduled for March 31, 2008.
          Genex’s properties in New Belgrade’s block 20, including the Continental hotel, and hotels on Kopaonik Mountain will go private first, Dinkic explained and added that only renowned companies guaranteeing for takeover of employees and four star hotels on Kopaonik will be able to purchase.
          Dinkic said that the registration of citizens for getting the right to free shares could start after the adoption of the law regulating this right.
          He also presented Ministry’s work in 2007 and said that 750 socially-owned companies are yet to be privatised, 97 of which will be sold in a tender.

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