Friday, March 11, 2011
ISTANBUL- Hürriyet Daily News
The Serbian prime minister visited the Foreign Economic Relations Board of Turkey on Friday to discuss business opportunities for Turkish businessmen in Serbia. 'Serbia is going though a privatization period,' said Prime Minister Mirco Cvetkovic, adding that the largest state-owned companies such as Jat Airways, Telekom Srbija and FAP Korporacija were negotiating with potential Turkish buyers
 'Turkish Airlines continues to negotiate with Jat Airways,' Serbian State Minister Sülejman Ugljani said in a Friday meeting at the Foreign Economic Relations Board of Turkey in Istanbul. Bloomberg photo |
With the government of the Republic of Serbia considering private ownership for some of its largest state-owned companies, the Serbian prime minister during his official visit to Istanbul on Friday called on Turkish firms to invest in the country.
Serbia is consider selling of state-owned giants such as Jat Airways, Telekom Srbija and the country’s biggest producer of trucks and busses, FAP Korporacija.
“Serbia is going through a privatization period,” said Prime Minister Mirco Cvetkovic, speaking at the meeting of Foreign Economic Relations Board of Turkey, or DEİK, requesting that Turkish firms increase their investments in Serbia. According to the prime minister, there are many reason for Turkish investors to consider Serbia as the country expects nearly 3 percent growth by the end of this year and is on its way to becoming a full member of the European Union.
Speaking to the Hürriyet Daily News & Economic Review, Serbian State Minister Sülejman Ugljani said, “We have invited Hamdi Topçu, the chairman of Turkish Airlines [THY] to visit the facilities in Serbia.” Ugljani said. “THY continues negotiations with Jat Airways.” According to the minister, THY may buy a majority of the shares of the state airline.
The Serbian minister said the Serbian prime minister would have a meeting with the leading Turkish landline and mobile phone operators, primarily with Turkcell, for the sale of state-owned Serbian national operator Telekom Srbija. He said that the deadline of the privatization had been extended and “the talks with Turkcell have the potential to yield good results.”
Since 2001, some 3,538 companies in various sectors and regions in Serbia have been privatized. The overall privatization success rate is 70 percent and total income from the privatization process has been more than 5.5 billion euros, according to the official data of the Serbian Investment and Export Promotion Agency, or SIEPA.
“Serbia’s biggest producer of trucks and busses, FAP Korporacija, is also on the list of firms to be privatized,” said the Serbian minister. During the bilateral business meeting with DEİK, executives of FAB Korporacija held meetings with the executives of Ford Automotive and Anadolu Isuzu Automotive.
“There are Turkish firms interested in bidding in the privatization of the firm,” said Mirko Stojovic, general manager of the firm, talking to the Daily News in an interview during the meeting. He said a delegation of Turkish businessman visited the factories of the firm last month. “We expect a possible buyer to invest nearly 20 million euros for the renewal of machinery over five years.”
Founded in 1953 in the western province of Priboj, the company also manufactures axles, cabs, joint shafts, frames, transmissions, wheels and spare parts.
Talking to Turkish businesspeople at the meeting, the Serbian prime minister said, “We know the expertise of Turkish firms in international construction projects,” while inviting Turkish firms to consider investing in Serbian infrastructure projects.
Turkish builders Kolin Insaat, Yüksel Insaat and Makyol will bid in an auction in Serbia to construct a 150-kilometer road for an estimated 700 million to 1 billion euros, Kemal Kologlu, Kolin Insaat chief executive, said in an interview according to Bloomberg.
Talking to the Daily News, Bomex Holding president Milojko Bjelic said, “We have a firm in the western province of Tavşanlı in Kütahya for manufacturing more than 20,000 rotary kilns and shaft kilns each year.” He said he is interested in joint investments with Turkish firms in Serbia, particularly in the shipyard on the Begej River near Perlez-Zrenjanin. “We would also like to increase the production capacity of our factory in Turkey and ask for financial support from Yapı Kredi and Aktifbank for the construction of four fishing vessels for Russia worth a total of 89 million euros.”
Serbia is consider selling of state-owned giants such as Jat Airways, Telekom Srbija and the country’s biggest producer of trucks and busses, FAP Korporacija.
“Serbia is going through a privatization period,” said Prime Minister Mirco Cvetkovic, speaking at the meeting of Foreign Economic Relations Board of Turkey, or DEİK, requesting that Turkish firms increase their investments in Serbia. According to the prime minister, there are many reason for Turkish investors to consider Serbia as the country expects nearly 3 percent growth by the end of this year and is on its way to becoming a full member of the European Union.
Speaking to the Hürriyet Daily News & Economic Review, Serbian State Minister Sülejman Ugljani said, “We have invited Hamdi Topçu, the chairman of Turkish Airlines [THY] to visit the facilities in Serbia.” Ugljani said. “THY continues negotiations with Jat Airways.” According to the minister, THY may buy a majority of the shares of the state airline.
The Serbian minister said the Serbian prime minister would have a meeting with the leading Turkish landline and mobile phone operators, primarily with Turkcell, for the sale of state-owned Serbian national operator Telekom Srbija. He said that the deadline of the privatization had been extended and “the talks with Turkcell have the potential to yield good results.”
Since 2001, some 3,538 companies in various sectors and regions in Serbia have been privatized. The overall privatization success rate is 70 percent and total income from the privatization process has been more than 5.5 billion euros, according to the official data of the Serbian Investment and Export Promotion Agency, or SIEPA.
“Serbia’s biggest producer of trucks and busses, FAP Korporacija, is also on the list of firms to be privatized,” said the Serbian minister. During the bilateral business meeting with DEİK, executives of FAB Korporacija held meetings with the executives of Ford Automotive and Anadolu Isuzu Automotive.
“There are Turkish firms interested in bidding in the privatization of the firm,” said Mirko Stojovic, general manager of the firm, talking to the Daily News in an interview during the meeting. He said a delegation of Turkish businessman visited the factories of the firm last month. “We expect a possible buyer to invest nearly 20 million euros for the renewal of machinery over five years.”
Founded in 1953 in the western province of Priboj, the company also manufactures axles, cabs, joint shafts, frames, transmissions, wheels and spare parts.
Talking to Turkish businesspeople at the meeting, the Serbian prime minister said, “We know the expertise of Turkish firms in international construction projects,” while inviting Turkish firms to consider investing in Serbian infrastructure projects.
Turkish builders Kolin Insaat, Yüksel Insaat and Makyol will bid in an auction in Serbia to construct a 150-kilometer road for an estimated 700 million to 1 billion euros, Kemal Kologlu, Kolin Insaat chief executive, said in an interview according to Bloomberg.
Talking to the Daily News, Bomex Holding president Milojko Bjelic said, “We have a firm in the western province of Tavşanlı in Kütahya for manufacturing more than 20,000 rotary kilns and shaft kilns each year.” He said he is interested in joint investments with Turkish firms in Serbia, particularly in the shipyard on the Begej River near Perlez-Zrenjanin. “We would also like to increase the production capacity of our factory in Turkey and ask for financial support from Yapı Kredi and Aktifbank for the construction of four fishing vessels for Russia worth a total of 89 million euros.”
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