Spa centers in Serbia under hammer as well

The list of the Agency for Privatization which has today announced sale of 502 firms in Serbia, comprises health and social protection institutions such as Special hospital Cigota, Ribarska banja, Merkur in Vrnjacka banja, Special hospital Zlatar.

Sale of Zubor spa, Special hospital Gejzer, Mataruska and Bogutovacka banja, Special hospital Banja Koviljaca and hospitals in Sokobanja were comprised in the public call of the Agency for Privatziation for collection of letters of interest.

A few months ago, the Republic Fund for Pension and Disabled Insurance received valid court decisions which confirm the ownership of the fund over Zubor, Cigota, Merkur, Banja Koviljaca, Zlatar and Sokobanja.

The Union of employers representatives who are members of the Fund Managing Board, previously pointed out that the reforms of the pension-disabled system should include property return to the Fund, which would comprise hospitals and spas built with the Fund assets.

They were also pointing out a couple of times that foreign investors are interested in investing I spa capacities sin Serbia.

They were suggesting everything should have been transparent, i.e. that documentation related to ownership and permits, studies on options should be managed and investors called to see the on-site situation.

Experience of the Czech Republic and Poland showed that profit of spas can increase up to 40 times and representatives of the Union of employers who are part of the working group for the Pension and Disabled Fund restructuring, suggested that for spas a kind of strategic partnership is designed so that they remain within their ownership and investors get profit.