Kozaric - Grasselli: Improvement of Trade Exchange Between BH and Slovenia

Ambassador of the Republic of Slovenia to Bosnia and Herzegovina H.E. Mr. Andrej Grasselli visited on April 5, 2011 the Central Bank of Bosnia and Herzegovina (CBBH) and with the CBBH Governor Ph.D. Kemal Kozarić talked about the economic situation in BH and economic relations between BH and Slovenia.

Slovenia is one of the major trading partners of BH in the past years. BH - Slovenia export value amounted to KM 611.7 million in 2010, representing 8.6 % of total exports, while import from Slovenia amounted to KM 808.8 million, or 5.9 % of total imports. The trade deficit in 2010 amounted to KM 197.1 million or 3.3% of the total deficit. Governor Kozarić emphasized that the data shows that trade exchange with Slovenia improved in 2010 compared to 2009, when the trade deficit amounted to KM 295.8 million or 4.3 % of the total deficit.

The Governor emphasized the macroeconomic indicators of BH, stressing that delayed establishment of governement in BH has the impact on the economic situation, particularly on the financial situation in the country.

He assessed as successful the cooperation between the Central Banks of Bosnia and Herzegovina and Slovenia. Bank of Slovenia is one of the Eurosystem Central Banks involved in Technical Assistance Program to the Central Bank of Bosnia and Herzegovina, funded from the Instrument for Pre-Accession Assistance (IPA).

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