The effects of privatization in Serbia

Jovovic, Marina; Maksimovic, Danijela; Marčetić, Marija

doi:10.5937/bizinfo1502031j

Cited by 1 publication

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“…The pharmaceutical market of Serbia is a complex market in which wholesale and distribution of medicines is significant. According to official statistics, wholesale and retail sales of medicines make almost the same turnover as in the "first sale of medicines", which is generated by domestic manufacturers and importers [3] - [4].…”

Section: Financial Analysismentioning

confidence: 99%

“…Serbia, a country in transition, has opened its market to foreign pharmaceutical companies due to the economic crisis and low living standards. This has caused the weakening of domestic pharmaceutical companies on the market due to the emergence of foreign companies from more developed markets and higher financial resources available [4]. The privatization process, perhaps to a large extent, has caused the Serbian industry to return a lot of steps backwards.…”

Section: Efficiency Of the Privatization Process In The Pharmaceuticamentioning

confidence: 99%

See 1 more Smart Citation

Privatization Efficacy Financial Analysis and the Current Situation of the Pharmaceutical Industry in Serbia

Vidović¹,

Dželetović²,

Zorić³

2018

Recent Advances in IT, Tourism, Economics, Management and Agriculture

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The pharmaceutical industry is an economic branch that is primarily concerned with the production of pharmaceutical preparations, medicines and other products, and at the same time it is one of the strategic branches of the economy of each state. Observing the problem, through systematic analysis, the focus in the paper was put on the time interval in the last ten years when the privatization procedures were intensively implemented over the largest Serbian pharmaceutical companies. Through the econometric indicators, the influence and consequences on the current state of the pharmaceutical industry in the Republic of Serbia have been also highlighted. In the course of the research, through financial analysis, the most successful companies from the pharmaceutical sector of the economy of the Republic of Serbia are pointed out through the financial indicators the liquidity and the performance of the business were analyzed. Also, by economic and financial approach, the share that the former holders of the pharmaceutical industry had in production in relation to the current situation, where the processing sector prevails, will be highlighted.

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Section: Financial Analysismentioning

confidence: 99%

Section: Efficiency Of the Privatization Process In The Pharmaceuticamentioning

confidence: 99%