Substantial economic reform was not pushed in 1998, nor is it anticipated. Not a single company was privatized under the new law in 1998. Meanwhile, polls showed that workers and managers in 300 firms lacked any enthusiasm for privatization. Media reports featured F.R.Y. Government attempts to lure foreign investment into Serbia, prompting government spokesmen to portray such efforts as victories, regardless of the results. The largest coal deposits are in Kosovo.
International sanctions continue to hobble the economy.
According to JAT officials, the losses have prompted the airline to shift some operations to Macedonia.