SARAJEVO (Reuters) – The prime minister of one of Bosnia’s two regional governments called for the removal of eight opposition ministers on Monday, in a bid to clear a political blockage he has said risks hurting the country’s relationship with the IMF.
The regional assembly governing Bosnia’s autonomous Bosniak-Croat Federation has been stuck in stalemate since the summer when a new ruling coalition was formed in the overall Bosnian national government.
SARAJEVO (Reuters) – A co-hosting of the European Youth Olympics by Bosnia’s capital Sarajevo and a Serb-run former suburb should foster cooperation across former wartime front lines and help boost a struggling economy, municipal and sports officials said on Monday.
Sarajevo and East Sarajevo won a joint bid at the weekend to hold the European Youth Olympic Winter Festival (EYOWF) in 2017, boosting hopes of rehabilitating negative images of ethnic division lingering from Bosnia’s 1992-95 war and reviving the spirit of the 1984 Winter Olympics hosted by Sarajevo.
SARAJEVO (Reuters) – Bosnia’s state court sentenced an Islamist radical to 18 years in prison on Thursday for a gun attack on the U.S. embassy and said the country faced a growing terrorist threat.
The court found Mevlid Jasarevic, a 24-year-old originally from neighboring Serbia, guilty of organizing and committing a terrorist act, said judge Branko Peric, who presided over the panel of judges.
SARAJEVO (Reuters) – Bosnia’s two autonomous regions rushed through their 2013 budgets on Tuesday to meet a deadline set by the International Monetary Fund (IMF) for the release of new funds.
The Bosniak-Croat Federation and the Serb Republic badly need the extra IMF cash, agreed under a two-year loan deal, to finance holes in their budgets and to manage rising debts.
SARAJEVO (Reuters) – An opposition boycott of one of Bosnia’s regional governments may hurt the country’s relationship with the IMF and leave public servants unpaid, the Bosniak-Croat federation prime minister warned on Wednesday.
Nermin Niksic said that he decided to use his authority and send a draft budget proposal for 2013 to the parliament even though it has not been confirmed by the government.
SARAJEVO (Reuters) – The failure of Bosnia’s political leaders to make progress on reforms sought by the European Union will further delay the Balkan country’s application for the membership of the bloc, the EU enlargement chief said on Tuesday.
Bosnia has planned to apply for the membership of the 27-nation bloc this year but bickering among its ethnic Bosniak (Bosnian Muslim), Serb and Croat leaders has repeatedly stalled reforms since 2008, when the country signed its association contract with the EU.
SARAJEVO, Nov 22 (Reuters) – Macedonia’s central bank has
cut its 2012 economic growth forecast to zero from 2.4 percent
because of the euro zone crisis but sees growth of 2.6 percent
in 2013, its governor said on Thursday.
“The decline this year has been mainly influenced by the
European crisis and recession,” central bank chief Dimitar Bogov
told Reuters on the sidelines of a financial conference.
SARAJEVO, Nov 6 (Reuters) – The Western Balkans is facing a
double-dip recession this year led by a 1.5 percent contraction
in Serbia, and recovery in 2013 will be “very slow”, the World
Bank warned on Tuesday.
Its regional coordinator also said that debt in some
countries was too high.
“I would say that debt in Montenegro, Serbia and Albania is
at very dangerous levels, particularly in Albania at 60 percent
(of GDP) but it’s increasing very rapidly in Serbia and
Montenegro,” Jane Armitage, World Bank coordinator for the
Western Balkans, told Reuters in an interview.
SARAJEVO, Nov 8 (Reuters) – The terms of a loan deal with
the International Monetary Fund (IMF) do not allow for changes
to the law on Bosnia’s central bank proposed by top politicians,
the central bank governor told Reuters on Thursday.
Leaders of Bosnia’s two main political parties proposed last
week to amend the legislation so as to allow commercial banks to
include state securities in the mandatory reserves kept with the
SARAJEVO (Reuters) – The Western Balkans is facing a double-dip recession this year led by a 2.5 percent contraction in Serbia, and recovery in 2013 will be “very slow”, the World Bank warned on Tuesday.
Its regional coordinator also said that debt in some countries was too high.
“I would say that debt in Montenegro, Serbia and Albania is at very dangerous levels, particularly in Albania at 60 percent (of GDP) but it’s increasing very rapidly in Serbia and Montenegro,” Jane Armitage, World Bank coordinator for the Western Balkans, told Reuters in an interview.