Thursday, January 6, 2011

Minimal worth of $1.4bn for Telekom block of shares established

The Serbian government adopted at its session today the Bill on the capital market, the Invoice on amendments to the Law on investment funds and the Bill on amendments to the Law on monetary leasing.The government additionally adopted the Bill on amendments to the Regulation on international exchange transactions, the Invoice on companies, the Bill on control of valuable metal objects and the Bill on social security.

Different payments adopted are the Bill on geological research and the Bill on amendments to the Legislation on enforcement of penalties.

The government adopted the Conclusion on establishing the minimum price of $1.4 billion for the block of shares of telecommunications firm Telekom Srbija AD Beograd which symbolize fifty one% of its capital.

The federal government has tasked the Ministry of Finance to coordinate all activities with the working group for monitoring the sale of the state-owned portion of Telekom shares and implement all actions aimed at informing the participants concerning the minimum worth of the share package.

At in the present day’s session the government established a National Council for Rural Development, and appointed Minister of Agriculture, Forestry and Water Management Sasa Dragin its president.

It additionally adopted a conclusion proposing that the Nationwide Company for Housing Loan Insurance coverage undertake measures that will enable the acceptance of mortgage insurance with a mortgage within the type of immovable property of the first class in the early phases of flat building at Stepa Stepanovic and Brace Jerkovic locations, with the Serbian Development Directorate because the bearer of the development permit.

The federal government decided to grant 500 tones of coal for heating to the thermal electric power plant in Kraljevo, as well as to secure fundamental provisions for endangered inhabitants in the municipality of Prijepolje and mercantile corn for the crisis response staff in Loznica.