Chinese Ambassador and the CBBH Governor on Possibilities of Investments in BH

Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Bosnia and Herzegovina Li Shuyuan with his associates visited, today, on March 2, 2006, Central Bank of Bosnia and Herzegovina (CBBH) and talked with Governor Kemal Kozarić and Vice Governor Feriha Imamović on possibilities of investment in BiH and on intensifying of economic cooperation of these two countries.

Governor Kozarić pointed out that BH passes trough range of reforms that should enable it to become self-sustainable country. Presenting the macroeconomic indicators, among which, the increase of gross domestic product (GDP) of 5,5% last year and the inflation of 3,7%, Governor pointed out three indicators representing the biggest issue of BH economy, one - being unemployment of 21 %, then, foreign trade deficit above KM 7,2 billion, and the internal debt.

As for CBBH, it recorded positive results during the last year, too, out of which the Governor emphasized foreign currency reserves being KM 4,2 billion and profit in the amount of KM 38 million. By its monetary policy the CBBH is trying to protect the value of BH currency, which is very important element of the economic development and the investment in BiH.

"The Chinese economy is in expansion, but the BH citizens are not enough informed on Chinese achievements", said the Governor, and he invited the big Chinese companies to come to BH and start their business which would provide the engagement of BH citizens and creation of new values.

The Chinese Ambassador was interested also in possibilities of investment in banking sector, i.e. preconditions that the Chinese banks should meet in order to operate in BH.

The talk’s participants agreed that it is necessary to intensify the cooperation of two countries, especially the commodity trade that, in their view, but also according to the statistical indicators, could be bigger and more qualitative.

Public Relations Section
Coordinator
Zijada Kovač