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 "KVALITET"AD, Nis.
"Kvalitet" Nis was founded on March 3, 1981. It is located in Nis, the largest city in southern Serbia, some 230 km form Belgrade, the capital of Serbia. Company had 31 workers on December 31, 2006.
Core activity is testing (compliance verification) and certification of electro-technical products in terms of safety and electro-magnetic compatibility, and control of electro-technical products. The Company also conducts valuation and certification of the quality management systems, certification of the environmental protection management systems and certification of the food safety systems.
Company has 1,860 м2 of construction land, and 1,006 м2 under buildings.
Company generates revenues mainly in domestic market. In 2005 and 2006, 80% of services were provided locally.
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SOLICITATION OF EXPRESSIONS OF INTEREST FOR A FINANCIAL ADVISOR TO PRIVATIZE COMPANY "KVALITET"AD, NIS
20. November 2007.
