City of Belgrade becomes co-owner of Yumko and Simpo SIK
BizLife 08.02.2022 | Infovranjske.rs
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In January this year, the Assembly of the City of Belgrade made a decision on the conversion of its receivables on the basis of unpaid original and shared public revenues into a permanent share in the capital of Vranje-based Yumko and Simpo SIK based in Kursumlija.
With these decisions, the City of Belgrade has joined the numerous owners of the above-mentioned factories, which include the Republic of Serbia, the Pension and Disability Insurance Fund, Health Insurance Fund of the Republic of Serbia, and the National Employment Service. There is also the City of Vranje, which wrote off a debt of RSD 1.6 billion of Simpo and Yumko by conversion, reports Infovranjske.rs. The converted receivables of the City of Belgrade from