State set to take over Serbian newspaper publisher

State set to take over Serbian newspaper publisher

State set to take over Serbian newspaper publisher Izvor: N1

The Association of Journalists of Serbia (UNS) said on Monday that the state is set to take over a majority share in the Novosti newspaper publishing company.

A statement said that the state-owned Borba printing company will take over the majority of shares in the Novosti company from businessman Milan Beko at a shareholders’ assembly on May 7.  

The Novosti shareholders’ assembly is also set to lower the value of shares because the company’s debts are higher than its assets.  

Beko owns more than 60 percent of the shares of Novosti while the Republic of Serbia owns about 30 percent, the state Pension Fund owns some seven percent and private inviduals owns less than one percent.  

The Economic Court in Belgrade accepted a reorganization plan in January 2018 under which the Novosti company declared bankruptcy. Its bank accounts were ordered blocked by the Tax Authority over a tax debt in July 2017. The tax debt is just a part of the company‘s overall debt which, according to UNS, stands at some 1.5 billion Dinars (1 Euro – 118 Dinars) and is going to be repaid in 120 monthly installments without interest.  

Comments (0)

Comment sent successfully.

Comment sending failed.

Invalid CAPTCHA

* All fields are required

MOST POPULAR

READ MORE

NEWS

NEWS

Vucic says he fed up with Europeans lectures about relations with Russia, China 21.01.2020.

21.01.2020.  |  NEWS

NEWS

NEWS

Ruling SNS submits changes to law on election threshold in Serbia 21.01.2020.

21.01.2020.  |  NEWS

NEWS

NEWS

Police interrogate Serbia's former MP over tweet 21.01.2020.

21.01.2020.  |  NEWS

NEWS

NEWS

Journalists: Without N1 TV people deprived of hearing different opinion 21.01.2020.

21.01.2020.  |  NEWS

NEWS

NEWS

Particles concentration in Serbia average, no worries, air control group says 21.01.2020.

21.01.2020.  |  NEWS

NEWS

NEWS

Serbia’s Media Strategy draft adopted unanimously 21.01.2020.

21.01.2020.  |  NEWS

NEWS

NEWS

US, Serbian presidents welcome Belgrade-Pristina flights agreement 21.01.2020.

21.01.2020.  |  NEWS

NEWS

NEWS

UG: Only Telekom Serbia can send legal call for talks; Supernova waits new offer 21.01.2020.

21.01.2020.  |  NEWS

loader