Furniture industry "Jasen" on auction on January 25, 2007

Furniture industry "Jasen" from Kraljevo will be offered for sale on the auction on January 25, 2007, at the starting price of 11.7m RSD. The value of 70% of assets that will be privatized is estimated to 117m RSD. The most important property of the company are seven warehouses, production hall and the machine for corner cutting and joining of veneers.

"Jasen" employs 146 workers and it had business income of 6,320 EUR in 2005, whereas the expenditures exceeded amount of 415,000 EUR. The applications for participation in the auction can be submitted prior to January 17, 2007, and the potential buyers are obliged to pay the deposit of 5.86m RSD.