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Serbia must restructure or liquidate state companies - IMF

It is crucial for fiscal stabilization in Serbia that state enterprises be restructured into becoming sustainable, says James Roaf. Alternatively they should be liquidated, in order to prevent the accumulation of losses, Beta quoted the chief of the International Monetary Fund's mission in Serbia as telling the Danas daily. "In cases like Resavica or RTB Bor they are companies located in less developed regions, so the restructuring plans have to be gradual and take welfare implications into consideration. Support to these companies in the future should be secured through transparent budget subsidies, instead of the accumulation of debts. The government promised to deal with the problems of these companies," Roaf said.