OFFPLAN NEWS

(10.08.2007 )
Property in Bosnia and Herzegovina Bosnia and Herzegovina currency reserves exceeded 2.7 billion euro

Euro Bosnia-Herzegovina Central Bank currency reserves exceeded the amount of 2.7 billion euro at the moment, provoking the interest of the looking to buy ski apartment in Bosnia and Herzegovina. Hina Bosnia-Herzegovina Central Bank currency reserves exceeded the amount of 2.7 billion euro at the moment, while inflation in this country during this year is supposed to be within the framework of Eurozone prognosis, the Bank`s governor Kemal Kozaric announced the information and assessments on Monday.

Presenting the consolidated information to journalists in Sarajevo on the state of finances and BH banking sector for 2006, Kozaric said that currency reserves dating with December 31, 2006 amounted to 5.4 bullion convertible marks (2.762 billion euro).

Inflation rate for 2006 in BH amounted to 7.4 percent, but governor Kozaric said it was already significantly lower in January 2007, amounting to 1.2 percent and on these grounds it is estimated that it will not be greater than in countries which have euro as their currency by the end of year.

BH will continue to be burdened with a large foreign trade deficit which reached 6.6 billion cm in 2006 (3.375 billon euro).

The deficit is still by 1.2 billion cm (613 million euro) lesser than in 2005.

Interest rates in BH for 2006 also recorded a certain drop and amounted to 7.66 percent for short-term and 7.39 percent for long-term loans.

At the moment 32 business banks are operating in BH, and including the last day of 2006, there was 2.115 billion euro of deposit on savings accounts.

BH Central Bank`s assessments state that the earlier started trend of enlarging of banks, i.e. takeovers will continue this year.

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