BOSNIA USES LESS THAN 20% OF EU PRE-ACCESSION FUNDS

SARAJEVO, Bosnia (May 23,2008) – Bosnia currently uses less than 20% of the EU EU pre-accession funds and opening of other funds will depend on the course of negotiations with the EU.

Funds open for Bosnia and registering of projects for non-refundable assets of the EU are the topic of a two day seminar which started yesterday in the Bosnian capital Sarajevo with 30 insitutions representatives, private companies and NGOs.

Seminar was organized by the Apriori Communications from Mostar,Bosnia, and Zagreb,Croatia, company RR from Ljubljana,Slovenia, which is a consulting company for project development according to the EU standards.

Participants were informed about the preparation of project registries, documents and cost estimate which is a most complicated part of the project registering.

"Considering that the EU funds are non-refundable, the EU wants every Euro accounted”, stated the coordinator of the Apriori Agency, Josipa Terzic.

She added that these seminars are held at the same time in all countries in the region and that there is a great interest for the access funds of the EU.

Terzic stated that Slovenia uses about 70% of funds, Croatia about 20 and B0snia less than 20%.

Seminar dedicated to documentation and cost accounting will be organized during June in Mostar and Banja Luka.
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