SARAJEVO (Reuters) – Bosnia and the International Monetary Fund have reached agreement on a new two-year $500 million standby loan that would be used to plug budget holes and pay off debt maturing next year, an IMF official told Reuters in an interview on Friday.
The country’s two autonomous regions, the Serb Republic and the Federation dominated by Muslims and Croats, are running high budget deficits this year and urgently need cash to cover their respective gaps.
SARAJEVO (Reuters) – Three men accused of attacking the U.S. embassy in Bosnia were ordered out of court as their trial began on Friday after they refused to stand when judges entered, saying they obeyed only God’s law.
Mevlid Jasarevic, 23, fired on the U.S. embassy in downtown Sarajevo for 50 minutes with an automatic rifle last October, seriously wounding one police officer before a sniper injured him and he was arrested.
SARAJEVO (Reuters) – Four former Bosnian Serb soldiers were handed the longest jail terms yet by the Sarajevo war crimes court on Friday for their role in the mass execution of hundreds of Bosnian Muslims from Srebrenica during Europe’s worst atrocity since World War Two.
The men were jailed for up to 43 years each for crimes against humanity for their part in the 1995 killings of about 800 men and boys at a farm during the 1992-1995 Bosnian War.
SARAJEVO (Reuters) – A Western envoy said on Wednesday he would suspend his authority over a disputed Bosnian district sandwiched between two feuding regions, in the latest attempt to slowly scale down international involvement in the strife-torn country.
After the Dayton peace accords ended Bosnia’s 1992-95 war and divided the country into the Serb Republic and the Muslim-Croat federation, both regions claimed Brcko.
SARAJEVO, May 18 (Reuters) – DIFC Investments, the
investment arm of the company running Dubai’s financial free
zones, has not sold software company SmartStream Technologies
but the process is under way, the chief executive of the
Investment Corporation of Dubai said on Friday.
“No deal has been made yet. It is in the middle of the
process,” Mohammed al-Shaibani told Reuters on Friday on the
sidelines of a business forum.
SARAJEVO (Reuters) – Twenty years after Ratko Mladic’s forces began raining artillery fire on Sarajevo, the former Serb general looked down again on the Bosnian capital’s main square from a giant screen showing the start of his genocide trial live from The Hague.
Those who had survived a siege in which 10,000 died cursed the name of a man showing only defiance, not remorse.
SARAJEVO (Reuters) – Local elections will be held on October 7 across Bosnia but delayed in the southern town of Mostar, where rival Bosniak and Croat parties have failed to agree on how to elect local officials, the election chief said on Monday.
The October vote is expected to reveal whether, 16 years after the 1992-95 war, politics in the Balkan country has shifted from focusing on nationalist issues to more mundane everyday problems such as the economy.
SARAJEVO (Reuters) – Prosecutors in Bosnia charged three men with terrorism on Monday over an attack on the U.S. embassy in the capital Sarajevo last year that raised questions over the threat from radical Islam in the Balkans.
The gun assault by 23-year-old Mevlid Jasarevic from neighboring Serbia ignited fierce debate over the radicalization of Muslims in an impoverished region still recovering from the Yugoslav wars of the 1990s and trying to integrate with the West.
SARAJEVO (Reuters) – Bosnia’s central government adopted a much-delayed budget for 2012 on Wednesday, setting out wage and spending cuts as the Balkan country seeks talks next month with the International Monetary Fund on a new loan deal.
Political bickering between rival Serb, Croat and Muslim leaders had delayed adoption of the budget and cost the country a B2 to B3 downgrade this month from Moody’s ratings agency, in junk territory.
SARAJEVO, April 17 (Reuters) – Turkey’s national carrier
Turkish Airlines is threatening to pull out of its
tie-up with Bosnia’s flag-carrier BH Airlines after the Bosnian
government said it can invest no more money in the joint
“They told the (BH Airlines) supervisory board president
that they were considering pulling out,” Enver Bijedic, the
transportation minister in the government of Bosnia’s
Muslim-Croat federation, told Reuters.