which will than grow faster, for faster GDP growth and the recovery of the entire construction sector in Serbia. Today Energoprojekt contributes directly to the national budget, only on the basis of different taxes on salaries and tax on profit, in excess of 25 million euros.
- The job I do is demanding and responsible. It demands teamwork, careful decision-making, which takes into consideration all the risks that accompany them and is based on a range of facts and statistics that are essential for such decisions to be made. In order to be successful in the job that I do, you can’t rely on “luck” as a basis for good results, but rather only on dedicated and professional work. Adrenaline rushes are often
agreeing of new contracts, by the need to make some tough decisions that can cause you to gain enemies and various other events. However, the biggest adrenaline rush I have experienced since 2010 was at the beginning of this year, when we identified transactions on the Belgrade Stock Exchange with large blocks of shares be■ If you were to place on scales the pros and cons of doing business in Sertween known traders, perennial sharebia, which way would they tip? holders and unknown buyers hidden be- There are no more easy hind a “custody” account. and comfortable markets We soon realised that this anywhere. Similar to Serbia was part of a larger plan we are also on all other that was aimed at making markets, including EU, a so-called “hostile takefacing a lot of of chalover”. For those of us who have worked and created lenges, including unfair at Energoprojekt throughcompetition, the grey zone business operations, a lack out our entire lives, a of respect for laws and “hostile shareholder” is regulations, Like everya shareholder who tries to conceal their existence where, here in Serbia it and activities on the stock is necessary to to create market, probably because preconditions for tenders they are buying shares for complex projects with using money of dubious major investment values origin or have intento include competition between companies with tions upon taking control similar business capacities of shares that are of a VLADIMIR MILOVANOVIĆ and Ghanaian President JOHN DRAMANI MAHAMA, in all relevant elements. destructive rather than pictured at the official opening of the cargo centre at Kotoka International Airport in Accra Improving the conditions developing character. of tenders would create benefits for We paid a great price by going We paid a great price by everyone. The state would generate public on the Belgrade stock exmore revenue for the budget, inveschange, and it seems that we are still going public on the Belgrade paying. Capital markets and securitors would have fewer headaches stock market, and it seems when implementing planned investties in Serbia develop unacceptably that we are still paying. slowly, and regulatory bodies and ments, and companies that impleCapital markets and the judicial system are not staffed ment projects with reasonable profits to take the desperately needed step would have a basis for growth and securities in Serbia develop forward with the aim of preventing development. Market survival is diunacceptably slowly, and (un)permitted abuses on the market. rectly proportional to investments in regulatory bodies and the We saw during the past decade many people, new technologies and knowjudicial system are not staffed companies being victims of hostile how, their introduction into everyday use and the planning of operations to take the desperately needed takeover with the cheapest investand development. ment capital whereas new owners step forward with the aim were then focused how to get the of preventing (un)permitted rid of any other shareholders and ■ You have been Energoprojekt chief abuses on the market and employees, become sole seller of executive officer since 2010, while fix assets and etc. We fight against you are an engineer by profession. In questionable capital inflow such scenario using all legal means one interview you said that you need through different Serbian institutions time, after leaving the office, to lower caused by the unforeseen decisions of and court, and I hope that we will win at your “operating adrenaline”. During all our various investors, sometimes by this important moment for the future of these years, which Energoprojekt job fierce debates among those of us at EnEnergoprojekt. ■ “raised your adrenaline” the most? ergoprojekt, the winning of tenders and JUNE
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