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SENIOR OFFICIAL ACCUSES HT ZAGREB OF PLUNDERING BOSNIAN STATE PROPERTY

SARAJEVO, Nov 3 (Hina) - Bosnia's Civil Affairs Minister SafetHalilovic has said that foreign state-owned companies must beprevented from buying Bosnia's most valuable resources, claiming thatHT Zagreb (T-HT) acquired a valuable portion of the Bosniantelecommunications sector without making any investments.
SARAJEVO, Nov 3 (Hina) - Bosnia's Civil Affairs Minister Safet Halilovic has said that foreign state-owned companies must be prevented from buying Bosnia's most valuable resources, claiming that HT Zagreb (T-HT) acquired a valuable portion of the Bosnian telecommunications sector without making any investments.

"Privatisation at the entity level and its consequences are actually very problematic and have turned into a sale of Bosnia-Herzegovina's property," Halilovic said in an interview with Sarajevo's "Jutarnje novine" daily of Wednesday.

Halilovic claims that privatisation caused a recent rift in the government of the Croat-Muslim entity, when ministers from the Party for Bosnia-Herzegovina (SBiH), which is led by Halilovic, asked for changes to the entity law on privatisation and for a revision of the privatisation process.

The changes, Halilovic said, should set right at least some privatisation mistakes, which made it possible for foreign state companies to "acquire, through some companies in Bosnia-Herzegovina, the most important and valuable resources in the country without investing a single convertible mark".

Asked whether by this he meant HT Zagreb, Halilovic said: "Yes. By that I mean HT Zagreb, which is a state-owned company".

The senior Bosnian official added that privatisation "is a way for them to achieve the war goals which they could not realise any other way".

T-HT, which is a co-owner of HT Zagreb and the Eronet company, and Mobilkom Austria are directly interested in investing into Bosnia's mobile telephony.

T-HT has offered the Croat-Muslim entity government the transfer of its share in HT Mostar, while the Austrian company has offered direct investments. Both companies are competing for the use of the third GSM licence which was recently awarded to HT Mostar.

Local media speculate that the SBiH, whose formal president is Halilovic, but which is actually run by Haris Silajdzic, is lobbying for Mobilkom in the entity government, while some ministers from the Party of Democratic Action (SDA) are lobbying for T-HT.

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