ZAGREB, Oct 11 (Hina) - After the recent political changes in neighbouring Yugoslavia, Croatia expects the settling of issues pertaining to succession to the former Yugoslav federation will resume, a government official told Hina on
Wednesday. The head of the government's office for succession to the former Socialist Federal Republic of Yugoslavia (SFRY), Bozo Marendic, expects the international community, i.e. the Peace Implementation Council, will soon take the first steps to that effect. Croatia's demands in connection with the succession, as those of the other successor states, refer to property which existed on the day the SFRY broke up, 31 December 1990. At the same time, every state set the succession date as the day their independence was proclaimed, 8 October 1991 in Croatia's case as set by Badinter's international arbitration commission. As a former member, Croatia's share in finan
ZAGREB, Oct 11 (Hina) - After the recent political changes in
neighbouring Yugoslavia, Croatia expects the settling of issues
pertaining to succession to the former Yugoslav federation will
resume, a government official told Hina on Wednesday.
The head of the government's office for succession to the former
Socialist Federal Republic of Yugoslavia (SFRY), Bozo Marendic,
expects the international community, i.e. the Peace Implementation
Council, will soon take the first steps to that effect.
Croatia's demands in connection with the succession, as those of
the other successor states, refer to property which existed on the
day the SFRY broke up, 31 December 1990.
At the same time, every state set the succession date as the day
their independence was proclaimed, 8 October 1991 in Croatia's case
as set by Badinter's international arbitration commission.
As a former member, Croatia's share in financing the SFRY was 28.49
percent. According to the International Monetary Fund key, this is
the amount Croatia is entitled to from the total assets of the
former federation's central bank.
According to data of the Bank for International Settlements from
1996, the former central bank had $600 million in gold, foreign
currency, and stocks. Last year, however, Croatian National Bank
then governor Marko Skreb said the amount had been reduced by one
third.
The joint real estate of the SFRY is blocked and can be neither sold
nor disposed with, even though the current Federal Republic of
Yugoslavia (Serbia/Montenegro) failed to comply in many
instances.
It remains to be established what are the total assets of the former
federation which should be distributed among the successor states.
Some estimates say the amount is in billions of dollars.
This year, the succession process was halted by the FRY, which
insisted on its exclusive right to inherit all rights and property
from the former six-republic federation.
Croatia, Slovenia, Macedonia, and Bosnia and Herzegovina share a
uniform position that all former SFRY republics are equal
successors.
(hina) ha jn