“Serbian Railways” are registered on June 24 as Joint Stock Company and operate no more as Public Enterprise.

The Serbian Business Registers Agency registered the Change of Legal Form of PE “Serbian Railways” into the Legal Form of Closed Joint Company. After the registration, starting from June 24, “Serbian Railways” shall continue working under the full business name of Joint Stock Company “Serbian Railways”, Belgrade, Nemanjina 6.

The Serbian Government adopted on May 26 Decision on Changing the Legal Form and Decision on Amendments to the Founding Act of the PE “Serbian Railways”.

According to Decision on Amendments to the Founding Act, Joint Stock Company “Serbian Railways”, whose sole shareholder and founder is the Republic of Serbia, shall form 4 subsidiaries:

Subsidiary for Public Railway Infrastructure Management, Subsidiary for Passenger Traffic and Rolling Stock Maintenance, Subsidiary for Freight Traffic and Rolling Stock Maintenance and Subsidiary for Property Management. It was also prescribed that control, i.e. parent company, and subsidiaries, i.e. daughter companies, make together Joint Stock Company “Serbian Railways”.