Chief auditor says no register of Serbian state-owned companies

NEWS 23.12.2019 20:33
Source: N1

State Audit Institution (DRI) President Dusko Pejovic said on Monday that there is no comprehensive register of companies which Serbia has a share in.

Speaking at a presentation of a report on control by state bodies of acquisition of state-owned companies, Pejovic said that the goal of the audits was to determine whether any analysis had been done before the takeovers. “Serbia is obliged to draw up a strategy to manage state-owned companies and publish information about its shares in those companies in the EU accession process but the release of that data is difficult because there is no register,” he said.

Pejovic said that the Serbian power company (EPS), Srbijagas and Telekom Serbia had increased their acquisitions from 154 billion Dinars in 2016 to some 200 billion in 2018. Pejovic said that the government, Ministries of the Economy and of Mining and Energy as well as the oversight boards at EPS and Srbijagas had overseen those acquisitions but added that the control of the purchase of small operators by Telekom was not documented.