FBiH has privatized 43 percent of its total nominated capital

MOSTAR, February 20 (FENA) - The FBiH Government has approved the Work Plan on the Privatization Plan and the Financial Plan of the FBiH Privatization Agency for 2020.

The Agency stated that on 16 December 2019, there were 1,450 companies in its register.

The small-scale privatization method has been used to privatize 278 companies, and the tender for large-scale privatization was used in the case of 356 companies, stated the FBiH Government.

The stock market method was used to privatize the remaining state capital in three companies. 747 companies have been wholly or partially privatized through a public offer of shares.

The privatization of 1,088 enterprises (74.8 percent) has been completed, and a total of 2,604 enterprises were sold under the conditions of small-scale privatization.

In terms of the value on the said day, the state capital allocated for privatization amounted to KM 13.5 billion, privatized state capital and property amounted to KM 5.807 billion, revenue in certificates amounted to KM 8.485 billion, cash in the amount of KM 0.675 billion, and not yet privatized capital amounts to KM 7.693 billion.

So far, 43 percent of the total nominated capital for privatization has been privatized, it is said in the statement from the FBiH Government.

(FENA) S. R.

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