Podgorica – The Government should start this year the procedure of privatization of national air company “Montenegro airlines”, of Airports of Montenegro, “Lovcen” insurance, and Cetinje “Obod”, it is said in the draft of the Plan of privatization for this year in which “Vijesti” has some insight.
“Montenegro airlines” was founded 12 years ago. The Government is the owner of 99, 8 % of stock shares, while the rest belongs to numerous Montenegrin enterprises. Company until now has enjoyed tax prerogatives and has received subsidies because of the expensive fuel.
According to the last data about the works of that company which were announced by its representatives, in the year 2005 a profit of 50, 6 thousands of euros were made.
Even though that company has nominally the amount of 30 millions of euros, it is ballasted with accumulated losses from the previous years which surpass the amount 11 millions of euros. In “Montenegro airlines” the investigation because of the alleged embezzlement in business is in effect.
Public enterprise “Airports of Montenegro” was founded 7 years ago, and last year in the new terminal building 22 millions of euros have been invested.
In the Government they are expecting the finalization of the privatization of Thermo electric power station and the Coal Mine in Plevlja, of Center for rest and rehabilitation Igalo, MMK Standard, Radvent, as well as Mojkovac factory “4 novembar” (4th NOVEMBER).
Tenders will be prepared for Tobacco industry, Institute “Simo Milosevic”, Optel, Adriatic ship building, HTE “Boka”, Polieks, Montepranzo – bokaprodukt (sales of hotels), small hydro electric power stations and Podgorica “Pobjeda”.
For Electrical company, Railroad company, Harbor Bar and Plantaze we have planned the preparation of strategy of privatization, and it is possible that there will happen and adoption of special law on privatization of some of them. In the draft of the plan it is stated that the Counsel for privatization will suggest the regulations which should solve numerous problems in relations towards property, and especially towards solving of problems of treatment of land in privatized societies.
-The Counsel for privatization will especially be dealing with the issues of analysis of economic system from the aspect of economic freedoms and protection of private property. In the same way, it is necessary that the Administration for real estates speeds up and revises the Cadastre of real estates with the input of real rights in transformed and privatized societies – it is stated in the draft of the plan.