SARAJEVO, May 24 (Hina) - Representatives of the Croatian Bank for Reconstruction and Development (HBOR) and of the Bosnian Investment Guarantee Agency (IGA) signed a cooperation agreement in Sarajevo on Friday. The agreement is
expected to significantly help improve economic relations between the two countries and their joint appearance on third markets.
SARAJEVO, May 24 (Hina) - Representatives of the Croatian Bank for
Reconstruction and Development (HBOR) and of the Bosnian
Investment Guarantee Agency (IGA) signed a cooperation agreement
in Sarajevo on Friday. The agreement is expected to significantly
help improve economic relations between the two countries and their
joint appearance on third markets. #L#
HBOR management board chairman Anton Kovacev, who signed the
agreement, said that the cooperation with the IGA had existed
earlier, but the agreement set foundations for its expansion in the
future.
"We are now expecting business people to initiate an even better
cooperation between the two countries," Kovacev said.
HBOR and IGA will jointly issue the necessary loan guarantees and
insurance to companies from both countries, deal with reinsuring
export businesses and exchange information about possible
investments and accompanying risks.
Bosnian Institutions' Treasury Minister Anto Domazet applauded the
signing of the agreement and said that state authority bodies were
very interested in its successful implementation.
(hina) lml