KS changes Privatization Agency Law to attract investments

SARAJevo, (Patria) - The Ministry of Economy of KS, with the aim of improving the business climate in the Sarajevo Canton, as well as ensuring the competitiveness of the cantonal economic environment, has initiated activities for the amendment and supplementation of the Law on the Cantonal Privatization Agency.

In accordance with this, the KS Government, at today's regular session, appointed an interdepartmental Working Group which, within the next thirty days, should prepare amendments and supplements to the Law on the Cantonal Privatization Agency.

As Minister Delić pointed out, the Agency has so far been financed by generating income from privatization processes, but since there has not been a satisfactory number of company privatizations for a long time, a systemic reorganization is needed for the Agency to generate income again.

"The Working Group appointed today by the KS Government should prepare the Draft Law on Amendments and Supplements to the Law on the Cantonal Privatization Agency, whose basic, essential purpose is to add competencies to the Agency for matters related to the promotion and attraction of investments in the Sarajevo Canton, in order to facilitate potential investors who want to do business in the Sarajevo Canton," Minister Delić conveyed.