Medojevic demands auction prolongation
- Medojevic demands auction prolongation
- Post By daniloc
- 17:43, 28 novembar, 2001

Podgorica, (Montena-business) - The director of the Centre for Transition, Nebojsa Medojevic today asked the Privatisation Commission to prolong the third phase of the MVP with at least 3 weeks.
Medojevic explained this demand by the fact that only 8 days after the auction was finished 150.000 of Montenegrin citizens had not used their right to invest voucher points.
“Considering that the Privatisation Commission was prolonging several times legal terms for the Funds and was making several favours to them, our request of at least three-weeks prolongation of the auction is reasonable” said Medojevic.
Medojevic also called on the Government, the Privatisation Commission and USAID to conduct an intense public campaign that would make more citizens to use their right to invest voucher points during the prolonged phase of MVP.
“Such a big number of unused voucher points can result in non-massive participation of the citizens. If this trend stays it will mean that in the process of MVP, six Funds and 10% of the citizens will participate, which is opposite to the purpose of privatisation and it will have a complete disaster as the result” claims Medojevic.
The Centre for transition, claims Medojevic, several times warned Montenegrin public and the Privatisation Commission about the mistakes, regulation violations and improvisations which are the main characteristics of the privatisation process in Montenegro.
“From the beginning of MVP it was clear that the educational campaign of citizens that should have been done by the Government was minimal, which resulted at high percentage of uninformed citizens and opened the space for the funds to collect a lot of voucher points from ‘confused citizens’ by using an aggressive campaign” says Medojevic.
“By the beginning of MVP process it was remarkable that the Privatisation Commission supported the requests of the Funds, so that numerous irregularities were covered up after a while, by changing the regulations or not even registered” said Medojevic.
The Centre for Transition called the citizens to use their right and exchange the voucher points into the companies’ shares, if not their part of society’s property will belong to somebody else.
kð /bd