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Bosnia's Serb Republic plans to restructure public enterprises - report

Bosnia's Serb Republic plans to restructure public enterprises - report Author: Aigars Mahinovs Licence: CC by 2.0

SARAJEVO (Bosnia and Herzegovina), October 6 (SeeNews) - The government of Bosnia's Serb Republic plans to restructure public companies in an attempt to improve their financial performance, local media reported.

The government of the Serb Republic has decided to create a working group which will cooperate with experts from the World Bank and the International Monetary Fund (IMF) to implement the restructuring plan, news outlet Indikator quoted Serb Republic's finance minister Zora Vidovic as saying on Tuesday.

The implementation of the restructuring plan will begin by the end of the year, Vidovic added.

The restructuring plan includes Zeljeznica, the railway operator of the Serb Republic, and the entity's power utility Elektroprivreda RS, among others, according to the finance minister.

The Serb Republic is one of two autonomous entities that make up Bosnia and Herzegovina. The other one is the Federation.

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