Bosnia and Herzegovina

Bankruptcy Trustee Offers for Sale Assets of Bosnia's Energolinija

The bankruptcy trustee of Bosnia and Herzegovina's steam and electricity production company Energolinija has put on sale the company's assets, with the starting price set at 30 million marka ($16.4 million/15.3 million euro), SeeNews.com reported. The received offers will be opened on March 15, the bankruptcy trustee said in a public call published on local bankruptcy registry Stecaj last week. The call does not specify the deadline for submitting offers.
Bosnia and Herzegovina
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Struggling State-Owned Firms Hold Balkan Economies Back

The aluminium smelter in the Bosnian town of Mostar has fallen eerily silent since its electricity was cut in July, the International New York Times reported on a Reuters story. The only visitors to what was once a model factory in former Yugoslavia are staff filling in redundancy papers. The closure of debt-laden Aluminij Mostar is symptomatic of the challenges facing countries across the Balkans as they try to keep loss-making state-owned businesses inherited from the communist era afloat in market economies.

Bosnia and Herzegovina
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