Monday, May 26, 2008

BOSNIAN MINISTER OF FINANCE SIGNED FINANCIAL AGREEMENTS WORTH 14 MILLION EUROS

VIENNA, Austria (May 26,2008) - The Bosnian Minister of Finance and Treasury Dragan Vrankic signed a financial agreement with members of the Management Board of Austrian bank BAVAG P.S.K. for the realisation of a project of modernisation of two hospitals and health centres in Mostar worth EUR 8,968,155.41.

The report of the Bosnian Ministry of Finance and Treasury states that Vrankic signed a financial agreement with Director of export finances of Austrian Raiffeisen bank for the realisation of the project of modernisation of the University of Zenica worth EUR 4,975,020. The repayment deadline for these non-interest credits is 12 years with a grace period of 4 and a half years.
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