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MACEDONIA: Macedonian Tobacco Factories are Being Privatized |
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2004-04-29 11:38:42 |
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The Government obligated the Ministry of economy to send a recommendation to the Ministry of finance and the Public Revenue Office to start a bankruptcy proceedings for the tobacco plants AD “Niko Doaga” from Krusevo, “Talja Bikova” from Gevgelija and TK “Boro Petrusevski-Papucar” from Kumanovo.
The tobacco plant from Prilep and “Jugotutun” from Sveti Nikole will avoid bankruptcy if in 30 days they succeed to make a business-plan and strategy for getting out of the difficult situation through their privatization.
The tobacco plant from Prilep seeks for a strategic investor, while “Jugotutun”, although privatized already, negotiates at the moment with a domestic investor for it’s taking over.
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