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| August 13, 2002 |
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| Privatization Increases in Balkans |
WASHINGTON - August 13, 2002. Yugoslavia plans to sell dozens of
medium-sized firms to strategic investors this year as part of a plan to strengthen its economy.
"We would like privatization to go fast," said Rory O'Sullivan, head of The World Bank's mission in Yugoslavia. "It is important to get the assets into the hands of owners with capital, who can run the companies in a more efficient way."
Meanwhile, in Romania, the government's privatization authority is selling 20 companies, worth an estimated $1.1 billion.
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