Thursday, 28. May 2015.
HIP-Petrohemija on the list of protected companies
On Wednesday, May 27, 2015 the Parliament of Serbia adopted amendments and additions to the Law on Privatization, by which there has been proposed extension of the deadline for privatization of enterprises of strategic importance. On the list of 17 strategic enterprises, which will be protected from creditors within one year,and which was established by the Government of Serbia, is also HIP Petrohemija.
In the explanation of the Law is stated that the aim of amendments is to resolve successfully the destiny of the companies in which there exist the conditions for privatization, to facilitate the privatization process and to determine the real state of their assets, liabilities and caital, i.e. to determine their actual market value. Privatization Law provides that social capital of the entities of privatization must be privatized by December 31 this year the latest, and by the adopted amendments there is provided that this does not apply to those who by act of the Government have been determined to be the entities of strategic importance.