Public Invitation for participation in public auction process that will take place on 11.09.2009., in Belgrade

In accordance with Article 38 of the Law on Privatization ("Official Gazette of RS", no-s. 38/01, 18/03 and 45/05), and Article 5 of the Decree оn Sale of capital and property by public auction ("Official Gazette of RS" no. 52/05),
the Privatization Agency announces:

1. Hotel - enterprise EVROPA, SURDULICA

The right to participate in public auction have:
А) Domestic or foreign legal entity which cumulatively fulfills the following conditions:
It is registered for performing activities from the group of activities 55 – hotels and restaurants;
It achieved business income during the last business year of at least EUR 2 million;
It owns a hotel, which is categorized as a four-star hotel.

A legal entity shall be deemed to have fulfilled the conditions required for participation in public auction, if it is the owner of more than 50% of capital of a legal entity which cumulatively fulfills the conditions required for participation in public auction.
B) Domestic or foreign individual who is the owner of more than 50% of capital of a legal entity which cumulatively fulfills the conditions required for legal entities for participation in public auction.

C) Consortium – A consortium shall be deemed to fulfill the conditions from this public invitation, if a member or members of the consortium which cumulatively fulfill the required conditions, participate in the consortium with at least 51%.

DEADLINE FOR SUBMISSION OF APPLICATIONS IS 03.09.2009, BY 16:30.
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