Austrian participation in NIS tender unclear

Tourism

OMV will decide whether to participate in the privatization of NIS only once the tender has been announced.

The vice-president of the Austrian oil giant OMV AG, Gerhard Roiss, told a media summit in Vienna that the company had been interested in the Serbian oil monopoly, NIS, last year, but that as a result of possible changes to the terms and conditions, would reassess that decision. The NIS privatization tender should have been announced last year, but because of parliamentary elections was postponed until a new government had been formed.

According to statements from officials, the tender was due to be re-scheduled for the fall, but the privatization model has yet to be determined. Russian oil and natural gas giant Gazprom has already expressed interest in NIS. Speaking of his plans for the Serbian market, Roiss said that OMV was planning to double its number of petrol stations, and increase its market share from five to 10%. He added that in three years on the Serbian market, the company had opened 43 petrol stations. (petrolplaza)

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.