Ambassador of the Kingdom of Spain visited CBBH

On May 3, 2012, H.E. Ambassador of the Kingdom of Spain Maria Aurora Mejija Errasquin visited the Central Bank of Bosnia and Herzegovina (CBBH), where she has talked with the Governor Kemal Kozarić, Ph. D.

The collocutors have expressed their satisfaction for traditionally good bilateral relations between the Kingdom of Spain and Bosnia and Herzegovina. The Ambassador has expressed her hope that she will continue the tradition of good relations between Spain and BH thus contributing successful cooperation in future. Ambassador Mejia has announced a visit of a group of Spanish businessmen which will take place in May this year as a part of the cooperation between the chambers of commerce of the two countries.

Governor Kozarić has stressed that the cooperation between Spain and Bosnia and Herzegovina is not at the desired level, and hopes that it will be stronger in the future. As an example, he has mentioned tourism and other sectors of the economy where it would be possible to achieve significantly better results.

Governor has used this opportunity to introduce the guest with the role and tasks of the CBBH, as well as with BiH macroeconomic indicators. According to preliminary data in 2011, the GDP growth   was 1, 8%, foreign debt amounted to 25, 7% of the GDP what makes BH moderately indebted country. Foreign exchange reserves amounted to around EUR 3, 2 billion and are stable, while inflation was at a relatively low level of 3.1%.

Ambassador Mejia has also informed the Governor about the latest developments in the Kingdom of Spain and major reforms in the economic sectors undertaken with the aim of strengthening the country and starting the further economic growth. Also, there is a hope that some of the actions undertaken by Spain will bring benefits to BH as well.

Public Relations Section