The unbundling of national railway operator Zeleznice Srbije into four smaller companies could allow for the privatisation of assets worth 16 billion dinars (129.1 million euros), Serbian infrastructure minister Zorana Mihajlovic said.
A total of 3,200 employees left Srbija Voz, Srbija Cargo, Infrastruktura Zeleznice Srbije and railway operator Zeleznice Srbije last year, in line with the target agreed under the stand-by agreement with the IMF, Mihajlovic said. The four companies had repaid all their debt to power distribution company Elektroprivreda Srbije (EPS) two months ago, Zorana Mihajlovic explained during a meeting with the head of the International Monetary Fund’s (IMF) mission to Belgrade James Roaf.
The IMF has expressed satisfaction with the reforms carried out in Serbia’s railway sector, the infrastructure minister added.
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