The Government of Serbia (hereinafter: the GoS), has received a Grant from European Agency for Reconstruction (hereinafter: the EAR), to be administered by the World Bank (hereinafter: the WB), to facilitate and accelerate the privatization, restructuring and bankruptcy of the socially- and state-owned enterprises (SOEs) in accordance with the provisions of the Privatization Law as well as the Bankruptcy Law.
The GoS now intends to apply part of this Grant for services to be provided by a Financial Advisor to undertake the privatization of a Company "JAT TEHNIKA" d.o.o., Belgrade.
Company "JAT TEHNIKA" was founded in 2005, by JAT Airways.. It is located in Belgrade, capital of the Republic of Serbia. At the end of 2006, the Company employed 974 workers. Legal status of the company "JAT TEHNIKA" is Limited Liability Company.
The core activities of "JAT TEHNIKA" is maintaining of airplanes, engines, airplane components, as well as providing special services etc. In 2006, the Company provided services to JAT Airways, domestic and foreign airway carriers.
The Company generates 69% of income in domestic market and 31% on foreign market.
In fiscal 2006, "JAT TEHNIKA" generated sales revenues of around EUR 18,7 million with net profit of EUR 157.113. Total operating assets at the end of the year were EUR 16,6 million, and total equity of the Company was EUR 13,05 million.
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Solicitation of expressions of interest for a financial advisor to privatize company "JAT TEHNIKA" d.o.o., Belgrade
14. June 2007.
