Following privatisation, Serbian glass maker Srpska Fabrika Stakla (SFS) in Paracin, central Serbia, has been forced to cut production because the gas trading unit of Serbia“s oil and gas company NIS…
Following privatisation, Serbian glass maker Srpska Fabrika Stakla (SFS) in Paracin, central Serbia, has been forced to cut production because the gas trading unit of Serbia“s oil and gas company NIS, Energogas, has frozen the plant“s accounts, it was reported on 21 July 2003. Energosas is claiming repayments which SFS director Slobodan Baletic describes as “unrealistic” adding that the factory may reduce output, but will not stop operations altogether. SFS earns some EUR 750,000 (USD 841,900) monthly from exports, but it has some 5.5 million beer bottles in stock, as local breweries have switched to 1.5 litre PVC bottling.