The 2002 strategy for privatisation in Serbia
The 2002 strategy for privatisation in Serbia

Summary/Abstract: The aim of this article is to examine the 2002 strategy for privatisation in Serbia, based on a historical analysis of documents held by the Agency of Privatisation of the Republic of Serbia. In particular, it assesses the role of the domestic and foreign consultants contracted by the Serbian Agency of Privatisation to estimate the sale price of socially-owned capital. The engagement of those consultants was financed out of the donations of the international financial institutions and agencies of foreign governments. Their role was particularly significant in the sale of socially-owned capital by public tender, a method used in the privatisation of the most important socially-owned enterprises. The law did not prescribe the method for estimating the value of socially-owned capital subject to sale in this way, so the Serbian Privatisation Agency and tender commissions have, in practice, assessed tenders on the basis of the estimates of the privately-contracted consultants. In this way, they have become one of the major factors in the 2002 strategy for privatisation in Serbia.

• Details
• Contents