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Bojkovic, who is also heading the commission in charge of Zelezara's privatisation, said two more bids arrived but they do not meet the tender conditions. He said the names of the bidders are not known yet, adding that one of the offers was sent by a local lawyer representing an unnamed consortium of foreign and domestic firms. Bojkovic said he expects the negotiations with Esmark to be completed by January so that the privatisation contract could be signed on January However, he noted that the privatisation agency will need to review Esmark's bid in greater detail before announcing the tender results. Prime Minister Aleksandar Vucic has said he believes that the privatisation could be wrapped up by the start of February. Moreover, the government has committed to stop subsidising production at troubled state-owned firms including Zelezara as of , as part of an austerity programme agreed with the International Monetary Fund. Therefore the company's privatisation is considered a potential life saver for the company and the city of Smederevo where it is based, employing some 5, people. Vucic hopes that a successful and quick sale would also have a crucial impact on the overall Serbian economy in when GDP is expected to shrink by 0. According to Vucic, with bigger production and exports from Zelezara, the country's economy might instead report growth this year. Esmark will also work on finding new buyers for Zelezara's steel, as it plans to export some 25 tonnes monthly to the US. Esmark has acknowledged that Zelezara does not have the capacity to produce fine sheets for the automotive industry, but intends to rely on the products it is able to roll out, planning negotiations with potential clients in the EU and at 10 locations in the US. Bouchard has also stressed that Esmark does not plan to reduce the current workforce but will probably not hire new people once some workers retire. Curiously, if the US group becomes the new owner of Zelezara, part of the management of its former owner US Steel will return to the Serbian company since they are now employed by Esmark. It has been seeking a new partner since then and two sales attempts have failed so far. It also intends to keep the remaining Register here to continue reading this article and 8 more for free or purchase 12 months full website access. Register to read the bne monthly magazine for free:. Already registered. Take a trial of IntelliNews PRO, a premium daily news service aimed at professional investors that covers business, economics, finance and politics of Emerging Europe. Privacy Policy and Terms of Service apply. Have a question? Email sales intellinews. A confirmation email has been sent to the email address you provided. Forgotten password? Email field can't be empty. No user with this email address. Access recovery request has expired, or you are using the wrong recovery token. Please, try again. 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Battle of Smederevo took place Sunday, July 4, with 9 fights at Smederevo Fortress in Smederevo, Serbia. View fight card, video, results, predictions.

Smederevo buy cocaine

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Smederevo buy cocaine

bne IntelliNews - US group Esmark has submitted the only valid bid in the tender for the sale of 80% of Serbian steel mill Zelezara.

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