Would a Pobrdje boron partnership need EU approval?The Serbian government seems to be following strict guidelines laid out by the EU in order to get more money, and dispose of these 17 troublesome companies.
This is the third attempt to sell Zelezara, HBIS is expected to be the only bidder in the new round. Vucic announced recently, that the Chinese company plans to invest €120mn, though it needs EU approval for the investment. Representatives of the EU delegation to Serbia told Politika that Belgrade will have to demonstrate that the financial aid Zelezara was receiving from the Serbian government until February 1, 2015 was in accordance with EU rules, if the sale of the company if to go ahead. https://www.kitco.com/news/2016-03-04/Serbia-launches-new-attempt-at-Zelezara-Smederevo-privatisation.html
The sale is a part of Serbia's efforts to offload unprofitable state firms as part of its 1.2 billion euro loan
deal with the International Monetary Fund. Assets to be sold or made bankrupt include the RTB Bor copper mine, the Galenika drug company and the Resavica coal mine. https://www.reuters.com/article/serbia-steel-idUSL8N16C14Z
Could this be something that could be holding back a partnership deal on Pobrdje between Erin Ventures and the Serbian government?