Jansa and Spiric Discuss Efforts to Solve LB Debt

Sarajevo, 19 February

Slovenian Prime Minister Janez Jansa and the presiding member of the Bosnia-Herzegovina council of ministers Nikola Spiric agreed on Monday that the two countries should continue pursuing a solution to the issue of unpaid foreign currency deposits held by Bosnian savers in a defunct Slovenian bank.

Speaking to the press after Monday's meeting in Sarajevo, the two heads of government said that experts should tackle the issue of the debt of LB to Bosnian foreign currency account holders, which is estimated at around EUR 90m.
The pair stressed that this was an open issue stemming from the break-up of the former Yugoslavia. While Jansa reiterated Slovenia's view that the matter was part of succession, Spiric said that it must be tackled bilaterally.
Moreover, Jansa said that a distorted image had been created that large amounts of funds held by the Sarajevo LB had been diverted to Slovenia. The money was held in the central bank of the former Yugoslavia and state central banks, he pointed out.
"This money was not in Slovenia and was not spent by Slovenia," Jansa stressed. He said that this needed to be considered when looking for a solution.
Jansa, paying the first official visit by a Slovenian head of government in Bosnia-Herzegovina since 1997, was met by protesters demanding that Slovenia repay the LB debt as he arrived in Sarajevo. The protesters carried signs saying "War on Slovenian Goods", "Slovenia, Aren't You Ashamed?" and "Janez, Give Us Our Money Back".
While Slovenia does not oppose meetings of a joint expert group established in line with a 2004 agreement between the governments, it believes that they will not change much, Jansa said.
Meanwhile, Spiric said it was important that there was agreement the LB debt must be tackled by experts, which is why the work of the group should be bolstered in order to come by a solution fitting of two friendly countries.
He stressed that "citizens of Bosnia-Herzegovina by all means have the right to demand the fulfillment of their basic human right - that to property".
The two prime ministers expressed satisfaction over the good bilateral relations and about the possibilities for their further growth.
Jansa said he hoped that Bosnia would meet conditions for signing the Stabilisation and Accession agreement with the EU before the year was out.
According to him, one of the priorities of Slovenia when it holds the EU presidency in the first half of 2008 will be giving the Western Balkans a European future.
Following the Jansa-Spiric talks, Labour, the Family and Social Affairs Minister Marjeta Cotman and her Bosnian counterpart Sredoje Novic initialed an agreement on social security, which was seven years in the making.
Spiric said the agreement addressed one of the main open issues between the countries, resolving the problems of some 20,000 citizens of Bosnia who spent most of their working years in Slovenia. Cotman said the agreement would Slovenia just over EUR 10m a year.
Cotman said, however, that the accord, which needs to be approved in parliament, does not resolve the double taxation of pensions for Bosnian pensioners. This will require the two countries to sign an agreement on the avoidance of double taxation.
Jansa also met the members of the Bosnia-Herzegovina presidium under chairman Nebojsa Radmanovic and the speaker of the lower house of parliament Beriz Belkic.
The Slovenian prime minister, accompanied by CEO of food company Droga Kolinska Robert Ferko and presidium member Haris Silajdzic, also opened a pate factory in Hadzici, a town on the western outskirts of Sarajevo.
The factory, which has been operating since October, employs 200 people and is the largest Slovenian investment in Bosnia-Herzegovina. It will produce some 4,500 tonnes of pate a year.
Economy Minister Andrej Vizjak and Foreign Minister Dimitrij Rupel meanwhile opened new offices of Slovenian software company Hermes SoftLab.
Rupel also met his Bosnian counterpart Sven Alkalaj. The two ministers called for strengthening political and economic relations between the countries, the Slovenian Foreign Ministry said.

More articles from this issue:

Foreign Policy
Jansa and Spiric Discuss Efforts to Solve LB Debt
Sarajevo, 19 February
FM Believes CoE Report on Human Rights in Slovenia Realistic
Brussels/Ljubljana, 13 February
Drnovsek Addresses Letter to Napolitano over Latest Foibe Spat
Ljubljana, 14 February
Diplomacy
Slovenian Ambassador to US to Run to Help Mine Victims
Washington, 15 February
Bilateral Cooperation
Styria Planning a New Daily in Slovenia
Ljubljana, 13 February
Bilateral Relations
SAZU Calls on Italian Govt to Heed Historical Studies
Ljubljana, 15 February
Government
Govt Limits Participation of Civil Servants in Company Boards
Govt Limits Participation of Civil Servants in Company Boards
Govt Confirms Key Documents for Drawing EU Funds in 2007-2013
Ljubljana, 16 February
Parliament
Government Urged to Set Up Group for Border Issue with Croatia
Ljubljana, 13 February
Labour market
Mate: End to Labour Barriers Must Precede Migrant Worker System
Brussels, 15 February
Economy
Aerodrom, Akrapovic and Litostroj E.I. Best Rated Firms in 2006
Aerodrom, Akrapovic and Litostroj E.I. Best Rated Firms in 2006
GZS to Boost Competitiveness with Cooperation, Not Adversity
Ljubljana, 14 February
Foundry, Construction Company Unveil Strategic Cooperation Plans
Ljubljana, 14 February
Drava River Power Company Posted EUR 19.55M in 2006 Profit
Ljubljana, 15 February
State-Run Funds Continue to Divest, Selling Stakes in 10 Firms
Ljubljana, 16 February
Istrabenz Moves to Acquire All of Droga Kolinska
Ljubljana/Koper, 16 February
Statistics
Slovenia's GDP at 83.3% of EU Average in 2004
Brussels, 19 February
Average Earnings Up 2.2% in 2006
Ljubljana, 15 February
Only 18.5% of Older Women Employed in Slovenia
Brussels, 19 February
Science
Slovenian Gallery in Brussels to Present Mix of Arts, Technology
Brussels/Ljubljana, 14 February
Technology
Slovenia, UK and Spain Urge Fresh Climate Change Effort from EU
Ljubljana, 19 February
Minister: Slovenia Met Its Kyoto Targets, Looking Beyond Them
Smarje pri Jelsah, 16 February
EU Topics
Slovenian Sugar Plant to Get EU Restructuring Aid
Ljubljana/Ormoz, 14 February
Slovenia Gets Ready to File Key Documents for EU Funds
Brussels, 14 February
NATO Topics
PM Defends Easing of Restrictions on Troop Deployment
Ljubljana, 13 February
Slovenia and Portugal for Boosting EU's Strategic Partnerships
Brdo pri Kranju, 16 February
Transport
Task Force Wants Speedy Construction of Roads in Border Areas
Ljubljana, 15 February
Culture
Turkey to Dominate Spring Cultural Scene in Ljubljana
Ljubljana, 13 February
Private Military Museum Offers Plenty Rare Uniforms
Lipica, 18 February
Society
Roma Association Says Housing, Infrastructure Biggest Problems
Murska Sobota, 16 February
Winter Gets Banished in Carnivals around Slovenia
Ptuj/Cerknica/Cerkno, 18 February
Natural Trails
Forestry Service Assesses 500-700 Brown Bears Live in Slovenia
Ljubljana/Geneva, 14 February
Group Wants to Make Lipica UNESCO World Heritage Site
Ljubljana/Lipica, 15 February
Tourism
"Taste Slovenia" at New Tourist Rep Office in Brussels
Brussels, 13 February
Border
Slovenia Commits a Helicopter to EU Border Agency
Brussels, 15 February
Slovenia in Favour of Stronger EU-Wide Police Cooperation
Brussels, 15 February

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