Representatives of organs in charge of privatisation of Montenegrin companies informed today the members of the Board of Directors (BD) of the Chamber of Trade of Montenegro (PKCG) with to date results of the process and the plan for this year. Director of the Agency for restructuring and foreign investments, Branko Vujovic, said that interest of foreign investors for investments in Montenegro would be greater when its state status was solved. "Solution of state-legal status would eliminate the diffidence of foreign investors in making decision on investing into Montenegro. When we tried to privatise the Tobacco Industry and Telekom of Montenegro, their diffidence was evident and it resulted in renouncing their offers," said Vujovic. He added that all three processing plants of Aluminium Complex in Podgorica would be privatised this year, as well as several hotels of Budvanska Rivijera, one hotel of hotel-tourist company Boka and Ulcinjska Rivijera. Answering the questions of Montenegrin entrepreneurs, Branko Vujovic said that there was no special strategy in Montenegro as regards privatisation of the municipal land intended for construction, and added that it would be done within municipal service companies. He explained that stock market sale of shares of companies was planned until the end of September, and that preparations for international tender for Jugopetrol from Kotor were underway. He added that this privatisation method would be repeated for Tobacco Company and Gornji Ibar from Rozaje. "Different privatisation forms would be used in sale of tourist companies. Wherever possible, we would apply segmentation, contracts on rent and management as well as sale as control package of shares. We would insist on prompted privatisation in this sphere," said Vujovic. Members of the Board of Directors of PKCG wanted to know whether the Regulation on alterations and amendments of the method of issuing, acquiring and use of privatisation vouchers was adjusted with recently passed Law on economic societies. Expert of Barents, Milka Lukic, said that the amended Regulation linked the Law on companies, which was the basis for majority of ordinances of joint-stock companies, and the Law on economic societies. "The target of this Regulation is to make citizens the real owners of shares in companies after technical part of MVP was completed. Until February 15, all data on auction would be transferred into the register of the Central Depositary Agency (CDA), and after that the citizens would become their official owners. The CDA has the deadline of 15 days to organize the data and then the companies must schedule the Shareholders# Assembly within 60 days," explained Mrs. Lukic.