Serbian Ministry Clarifies Share Fund Payouts, Refutes 144,000 Dinar Claims

Serbia's Ministry of Economy has responded to media reports that conflated two separate rights derived from the country's privatization law. The ministry clarified that the 6,000 dinar payment, set to be distributed on September 22, is related to monetary compensation, not the right to free shares.

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In the mentioned text, two different rights arising from the same law are being mixed, leading to a calculation without basis in the regulation.

Reports had suggested that some individuals might receive up to 144,000 dinars, based on the number of shares they held. The ministry emphasized that the law clearly states beneficiaries are entitled to an equal amount of monetary compensation and an equal number of shares. This entitlement is tied to the beneficiary's status, not their share balance.

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The amount of 6,000 dinars relates to the second right.

The ministry further explained that the only way to receive a higher amount is through inheritance. While the right to become a beneficiary is not inheritable, heirs can claim the monetary compensation of a deceased beneficiary under specific conditions. This right is based on the beneficiary's status, not the deceased's share portfolio, refuting the calculation that a person with 168 shares could receive 144,000 dinars.

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The assumption that a person with 168 shares of the Fund would receive 144,000 dinars is unfounded.