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Serbia plans new wave of privatization in 2025, including key state-owned companies

A new wave of privatization is anticipated in Serbia in 2025, with the Ministry of Economy planning to announce public invitations for the sale of several state-owned companies across different sectors. Among the companies expected to be privatized are Toza Marković from Kikinda and Jat Apartments located on Kopaonik. Additionally, other companies such as the transport company Lastra, Jugoinspekt Beograd, Progres AD, and Bačka may also be put up for sale.

However, companies like Yumco and Simpo from Vranje, Tigar from Pirot, and Trial Corporation from Kruševac are currently in various stages of implementing pre-prepared reorganization plans, which means that public invitations for their privatization are unlikely in the near future. Some special rehabilitation hospitals, such as those in Sijarinska Banja, Vrnjačka Banja, and Sokobanja, are also experiencing complex court proceedings and ownership issues, further delaying their privatization processes.

Certain companies, including Omoljica from Omoljica and Banja Koviljača, are grappling with restitution challenges that hinder their participation in the privatization process. Moreover, companies located in Kosovo and Metohija, such as Urbanism from Kosovska Mitrovica and Kopaonik from Leposavić, are caught in specific legal and political circumstances that complicate their privatization. As a result, public invitations for their sale are not feasible at this time.

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To provide context, at the beginning of last year, 13 state-owned enterprises were listed for privatization. For some, the privatization process has either already started or been completed, including companies like Štamparija Borba and RTV Kragujevac. However, the transport company Lasta from Belgrade has been removed from the privatization list, with ongoing activities related to its UPPR (Reorganization and Restructuring Plan).

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