Store chain privatisation in Serbia

The country's biggest department store chain, Robne Kuce Beograd, was sold to a local businessman for 360 million euros.

The bankrupt state-owned chain owns some 240,000 square
metres of retail space in prime locations in towns across Serbia and Montenegro
and has debts of over 100 million euros.
Serbia has already sold most of the socially-owned companies
from the Yugoslav era and is relying on privatisation income from the sale of
remaining big firms — such as the oil monopoly NIS — to finance an ambitious
infrastructure programme.