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COVIC AND ASHDOWN ON BOSNIA'S POTENTIAL FOR FURTHER PROGRESS

MOSTAR, Feb 26 (Hina) - Bosnia-Herzegovina is intending to do all what is necessary to initiate a new stage of its development and post-war reconstruction, and would like to encourage foreign investors to think of this country as a serious partner, the Bosnian three-man presidency's chairman, Dragan Covic said opening on Thursday morning a two-day international conference on investments in Bosnia.
acija MOSTAR, Feb 26 (Hina) - Bosnia-Herzegovina is intending to do all what is necessary to initiate a new stage of its development and post-war reconstruction, and would like to encourage foreign investors to think of this country as a serious partner, the Bosnian three-man presidency's chairman, Dragan Covic said opening on Thursday morning a two-day international conference on investments in Bosnia.#L# Covic told participants in the Mostar conference that his country would like to be an active partner and not just a passive bystander of the further progress. He said that in the past period significant steps had been taken to stabilise the national economic system. In this context Covic spoke about the existence of the stable local currency and modern banking system. Addressing politicians and business people who gathered in Mostar for the two-day conference, the international community's High Representative to Bosnia, Paddy Ashdown, said that it was important that this event was taking place in Mostar, as this city had recently began implementing significant changes such as the adoption of its new statute which should strengthen the stability and co-existence in the city. This indicates that peaceful coexistence can attract foreign investments, the British diplomat said. He went on to say that thanks to joint efforts of local authorities and the international community, important prerequisites had been created for the recovery of the economy. There is still much to be done in reforms, but this country has left the past behind itself, Ashdown said adding that Bosnia was becoming an inseparable part of the large market of south-eastern Europe with 50 million people. The chairman of Bosnia's Council of Ministers, Adnan Terzic, said his country had ambitions about entering the regional market, and added that there were possibilities for cooperation and investments in the tourist, power and transport sectors. The two-day conference began in Mostar despite the information that a plane carrying Macedonian President Boris Trajkoviski had disappeared on its route flying towards Mostar earlier on Thursday morning. Later in the day, local authorities confirmed that the plane hit a mount near the southern town of Stolac, and that there were no survivors of the accident. (Hina) ms

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