48th public auction organized by the Privatization Agency was held On March 04th, 2003. - Novi Sad. Following companies were sold at the auction:
- AD ŽITOPROMET, Draginje
 Initial price: 2.340.000,00 | Sale price: 2,340,000.00
 Name of the buyer: Goran Živković
 
- DP PREDNAPREGNUTI BETON, Beograd
 Initial price: 4.724.000,00 | Sale price: 4,724,000.00
 Name of the buyer: Borisav Sorak
 
- DP 8. OKTOBAR, Petrovac
 Initial price: 2.529.000,00 | Sale price: 14,600,000.00
 Name of the buyer: Perica Bogosavljević
 
- DP KOFENIKS-HEMIJA, Kosjerić
 Initial price: 524.000,00 | Sale price: 11,100,000.00
 Name of the buyer: Milica Irkić
 
- DP BRĐANI, Valjevo
 Initial price: 152.000,00 | Sale price: 13,100,000.00
 Name of the buyer: Tomislav Filipović
 
- DP 7. JULI, Čačak
 Initial price: 4.344.000,00 | Sale price: 59,000,000.00
 Name of the buyer: Lazo Antonijević
 
- DP HEMOS, Ćuprija
 Initial price: 6.661.000,00 | Sale price: 51,000,000.00
 Name of the buyer: Goran Mihajlović
 
- DP POLIMLjETRANS, Prijepolje
 Initial price: 2.870.000,00 | Sale price: 2,870,000.00
 Name of the buyer: Miodrag Tomašević
 
- DP FRIZER, Užice
 Initial price: 226.000,00 | Sale price: 19,100,000.00
 Name of the buyer: Dejan Đerić
 
- DP AGROSTROJ, Čačak
 Initial price: 6.782.000,00 | Sale price: 6,782,000.00
 Name of the buyer: Predrag Milivojević
 
- DP TRANSPORT – AUTOSAOBRAĆAJ, Beograd
 Initial price: 4.846.000,00 | Sale price: 4,846,000.00
 Name of the buyer: Risto Perišić - konzorcijum
 
- DUTP INEKS KRAJINA, Negotin
 Initial price: 21.516.000,00 |
 
- DP OLGA MILOŠEVIĆ, Smederevska Palanka
 Initial price: 15.796.000,00 |
 
- DP PUTNIK, Mali Zvornik
 Initial price: 3.985.000,00 |
 
- DP METALOGRAF, Trstenik
 Initial price: 4.011.000,00 |
