RTB's debt of 360 million USD written off,40 million USD loan, 2000 employees lost their job

The first concrete move is made in the negotiations on writting off RTB's inner debt of 360 million USD, that is 76% of the total debt of that company.

The minister of economy Predrag Bubalo said that Bor will get the promised foreign loan worth 40 million USD.

The first wave of  restructuring  will leave 2000 employees jobless. This estimation mostly refers to those employed in the largest collectives - Copper mines and Smeltery and refinery.It is most likely that "the second wave" of firing will follow in the middle or at the and of 2006.Former estimation that 40% of 9000 employeed should be declared redundant  seems to be the most accurate.