Telekom sell off to be reviewed by IMF (Serbia)

www.WirelessFederation.com/news: The business plans of Serbia’s ten largest public companies that may be sold; including Telekom Srbije will be reviewed by the International Monetary Fund (IMF). According to Bogdan Lissovolik, the IMF’s top official in Serbia, the market is not strong for privatizations, but case-by-case studies may need to be done for the times when conditions improve.

EUR3 billion (USD4.1 billion) was received by Serbia from IMF for bailout and after agreeing to overhaul pensions, health care and public administration while keeping retirement pay and wages frozen in 2010, it received USD1.6 billion.

The deadline for cutting state jobs and pledge to start them in April has already been missed by the government.