Dragutinovic: Privatization process continues

Belgrade June 11, 2010 - (Serbia Today) Serbian Finance Minister Diana Dragutinović says the revenues from privatization in 2010 are expected to amount to EUR 1.6 -1.7bn.This figure would include the expected sale of the state's 40-percent stake in telecommunications company Telekom Serbia, which the minister expects will raise no less than EUR 1.5bn. Regardless of the deficit, the budget is solvent, having a sufficient amount of reserves of about EUR 600mn and consequently no problems with deficit financing”, Dragutiović said at recently held summit gathering governors of central banks and finance ministers of Southeastern Europe, held in Montenegro