RESTRUCTURING OF SERBIAN RAILWAYS JSC

Abstract

The restructuring process of „Serbian Railways“ JSC (SR) was launched in 1991 and due to various reasons has not been implemented until 2015. After 25 years of „preparation“ restructuring process was carried out in a way that only formally satisfy the government, World Bank, IMF and the EU and essentially will lead the Company to even greate run certainty ands truggle for survival.During the last 25 years, the railways has been neglected and forgotten by the State. The aim was only to ensure social peace and the settlement of party cadres. In the last two years significant investments are going on, however the Company is not prepared to enrich the capital and valorizes it on the transport market.