BOSNIAN GOVERNMENT ADOPTED ECONOMIC AND FISCAL PROGRAM FOR 2007

SARAJEVO, Bosnia (December 2,2007) - The Bosnian Government passed a Decision at a session held in Sarajevo on Allocating of 1.900.000 Bosnian Marks of the Budget Reserves and International Obligations for 2007 to the Bosnian central Election Commissions.

The Bosnian Ministry of Finances and Vault and the Bosnian Central Elections Commission are to implement the decision.

At the proposal of the Bosnian Ministry of Foreign Affairs, the Bosnian Council of Ministers determined individual proposals of the decisions on ratification of the Agreement between Bosnia and the EU on readmission of persons staying in the country illegally, as well as the agreement between Bosnia and the EU on visa facilitation regime.

Individual proposals of the decisions on ratification of agreements signed September 18 2007 in Brussels, the Bosnian Ministry of Foreign Affairs will enable a more liberal visa regime for a large number of categories of citizens.

The Bosnian Government passed a Decision on Allocation of Funds for Grant Support in the Year of 2007, proposed by the Ministry of Civil Affairs. 76 organizations are placed, according to the document, to the list of budget users. The amount of money preserved for them is 672.000,00 Bosnian Marks.

The Bosnian Government adopted several normative acts of the Bosnian Institute for Missing Persons. Adoption of these acts enables the Institute’s work in full capacity.

The Bosnian Government also determined Proposal of Foundations for Signing of the Loan Agreement between Bosnia and Spain. The Agreement enables Spain to provide 40 million EUR of loans to Bosnia for the purpose of economic and social development. The list of priority projects will be determined by the end of 2007.

The Bosnian Government also determined Proposal of Foundations for Signing of the Agreement between the Bosnian Government and the German Government on Financial Cooperation in 2006. According to the Agreement, the German Government will invest 17 million EUR for SCADA distribution network’s activities, as a part of the Energy IV Project, financed by the World Bank, European Development Bank and European Investment Bank.

The Bosnian Government also determined Proposal of Initiative for Negotiations on Signing of the Agreement on Sharing the Responsibility of Air Navigation within the Bosnian Air Space between the Bosnian Government and the Croatian Government.

The Bosnian Government also determined Proposal of Initiative for Negotiations on Signing of the Agreement on Air Space Navigation Insurance Services between the The Bosnian Government and the Serbian Government.

The Bosnian Government accepted the Kuwait Donation Implementation Plan, proposed by the Bosnian Ministry of Human Rights and Refugees. That is the technical equipment which consists of 112 construction machinery pieces worth about 110.000 USD. It has also been concluded that the Kuwait donation should be placed into the Reconstruction and Sustainable Return Program in Bosnia.

The Bosnian Government also adopted the Economic and Fiscal Program for 2007, proposed by the Direction for European Integrations. The Direction has been ordered to submit the Economic Fiscal Program for Bosnia by November 30 2007.