Monday, June 16, 2008

LIBYA TO INVEST 500 MILLION EUROS IN BOSNIA

SARAJEVO, Bosnia (June 16,2008) - Libya intends to invest up to 1 billion Bosnian Marks (500 million Euros) in Bosnia, the Libyan Finance Minister, Mohammed Houij, said in the Bosnian capital Sarajevo.

"The Libyan government plans to invest up to 500 million Euros in various projects in both private and state-owned sector," Minister Houij told reporters through an interpreter.

He did not specify the time-frame for the investment, only saying that the it would be implemented through a Bosnian development bank.
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