Austrian Delegation Visiting the Central Bank

Governor of the Central Bank of Bosnia and Herzegovina Peter Nicholl received on Monday, April 9, 2001 the delegation of Austrian businessmen led by President of the Chamber of Commerce of Austria Christoph Leitl.
Governor Nicholl pointed out that the rate of Convertible marks towards EURO (after direct paging for this currency on January 1, 2002) will stay stable, and that Convertible mark is fully convertible. Mr. Nicholl pointed out the changes in the banking system in BH, too.
"There are positive changes in the banking sector which were driven by the arrival of Austrian banks in BH, too, " said the Governor.
The visit of numerous Austrian business delegation (more than 20 potential investors) Governor Nicholl is estimating as encouraging. "I believe that this is very suitable moment for them (investors) to come since the economy has started moving in the right direction and this trend will continue, " pointed out Mr. Nicholl. The President of Austria Chamber of Commerce Christoph Leitl congratulated to the Governor of the Central Bank for the stable currency and the low inflation, and he pointed out other conditions necessary for the foreign investments in BH.
" The adjustments of tax systems in the entities is the important sign of stability. I asked Mr. Governor why BH introduced the German currency system, but not the German legislation system. Therefore, the legislation system should be improved which will bring in many good investors. Austrian investors came here to see by themselves, they are ready to invest and to contribute to the development of this country, " emphasised Mr. Leitl.