The government of Bosnia's Serb Republicplans to sell its stakes in 14 companies in 2018. The entity plans to sell three companies of strategic importance, including its 2.5% stake in Fabrika Motora Specijalne Namjene A.D., its 100% ownership in Kosmos Airlines and its 81.5% holdings in "Orao" JSC, The Republic of Srpska Investment-Development Bank, Joint Stock Company said in a document published on its website. The government will also try to sell four companies established by the government on assets purchased in bankruptcy - an 83.5% stake in Drva industrija, Novi mermer, Novi autodijelovi Rudo, and in Nova tvornica precistaca. The government will also dispose of its 65% holdings in Ljubija via an auction on the Banja Luka stock exchange, after previously failing to sell it several times, the latest of which last year. Also on the bourse, but via regular trading, the Serb Republic will sell its shares in Krajinapetrol, Mikroelektronika, Mlinpek, Razvitak, Cajavec-mega and Glas Srpske.