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FENA 03/09/2004 Adnan Terzic visits Lybia; Over a hundred businesspersons from Austria and BiH, members of the Association of Austrian-BiH Businesspersons, held a consultative meeting

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FSA5608: 02.09.2004 10:04
MORNING SERVICE
FIRST POSTWAR HYDROELECTRIC PLANT PEC MLINI PUT INTO OPERATION

GRUDE, September 2 (FENA) – BiH Presidency member Dragan Covic and General Director of Elektroprivreda “HZ Herceg-Bosna” Vlado Maric on Thursday have put into operation the first postwar hydroelectric plant Pec Mlini, whose facilities are in Municipality Grude. 

The electric plant will use the power of river Vrljika, which is collected in the compensation pool Nuga.

Although the project value of the said plant was estimated at 74 million KM, it was completed with only 60 million KM, said Maric, adding that this saving will be the basis for launching construction of hydroelectric plant Mostarsko blato, adding that the construction works could be launched late next year. The project of building hydroelectric plant Mostarsko blato is worth approx. 100 million KM.

The funds for building Pec Mlini were insured by the Zagreb Bank with a long-term mortgage credit of 30 million KM, while Elektroprivreda HZ Herceg-Bosna provided 50 percent of the funds.

BiH Presidency member Dragan Covic said that this is a very significant project, because four years ago when the cornerstone was laid, many had doubts about its completion.

“This area must be provided with adequate infrastructure, the matter of water supply for the entire Herzegovina must be resolved, as well as the problematic of disposing of waste waters“, stressed Covic.

Director of hydroelectric plant Pec Mlini Zivko Mikulic said that the plant has the installed strength of 15 MGW times two, and will produce 83, 2 GWh of electric power per year.

Apart from producing electric energy, the great significance of this plant is in function of protection from floods, better use of agricultural land and development of tourism.

The ceremony of opening the hydroelectric plant Pec Mlini in Grude was attended by the FBiH Government delegation headed by Prime Minister Ahmet Hadzipasic, as well as the officials of cantons Herzegovina-Neretva and Western Herzegovina.

(Fena) dps


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FSA5610: 02.09.2004 10:38
MORNING SERVICE
TERZIC: VISIT TO LIBYA OPENS MANY DOORS FOR BiH ECONOMY

SARAJEVO, September 2 (FENA) – BiH and Libyan chambers of commerce have signed a trade agreement during the visit of BiH political-economic delegation to Libya, which indicates establishment of business cooperation, said BiH Council of Ministers Chair Adnan Terzic upon the return of our delegation from the Great Socialist People’s Arab Libyan Jamahiriya.

He said that arrangements have also been made for harmonizing a framework agreement that will define relations between the two countries, as well as the agreements that will enable protection of investments of both countries, evading double taxation, as well as several agreements on scientific and technical cooperation.

“The Libyan Prime Minister and I have agreed to meet every three to four months, and in the meantime the relevant ministries will be cooperating fully. It was an extraordinary visit that will primarily open many doors to BiH economy”, said Terzic.

He indicated that talks in Libya also focused on the subject of exchanging oil for water, but stressed that, considering that these energy sources are not of the same category, Libyans are not keen on discussing this subject with the rest of the world.

“However, we have offered hydroelectric power and they were interested in this. They have promised to send representatives of their foreign investments agency to assess the possibilities for their appearance in this area”, said Terzic.

He added that this visit has created great possibilities for cooperation in the fields of building housing facilities, using the hydro-energetic potentials in both countries, cooperation and transfer of technologies in the sectors of telecommunications, agriculture, etc.

(Fena) gk    

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FSA5609: 02.09.2004 10:20
MORNING SERVICE
TERZIC: SUCCESSFUL VISIT TO LIBYA

SARAJEVO, September 2 (FENA) – The political-economic delegation of BiH headed by Council of Ministers Chair Adnan Terzic on Thursday has returned from the Great Socialist People's Arab Libyan Jamahiriya. 

“We were politically aware that we have positive feelings and friendly relations. In talks with President Muamar Gadafi, we have insured a special status for BiH in Libyan Jamahiriya, as well as on the entire African continent, which was one of our priorities”, Terzic told the press at the Sarajevo airport.

He stressed that the Libyan President has supported BiH’s European path, and encouraged our country to swiftly become a part of the great European family and guaranteed that the good relations that were built with Yugoslavia in the past will be turned towards BiH in the future.

“This fact opens great political and economic perspectives for BiH”, said Terzic.

He added that in two meetings with the political leadership of the hosting country, talks focused on the possibilities for engaging BiH businesspersons in the new wave of economic reform in Libya

“We came at the right time, because privatization in Libya is just beginning. The country is opening to foreign investors and I am pleased with the fact that our business delegation has held numerous meetings during our visit to Libya”, said BiH Council of Ministers Chair Adnan Terzic.

(Fena) gk  

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FSA5611: 02.09.2004 11:14
MORNING SERVICE
MEETING OF BiH AND AUSTRIAN BUSINESSPERSONS

SARAJEVO, September 2 (FENA) – Over a hundred businesspersons from Austria and BiH, members of the Association of Austrian-BiH Businesspersons, held a consultative meeting Thursday evening in Hadzici, near Sarajevo.

Businesspersons from the two countries exchanged information about the possibilities for mutual investing, and discussed the business results of companies from BiH that have daughter companies in Austria.

This traditional meeting of local and Austrian businesspersons, which takes place five to six times per year over the past three years, was attended by the former Austrian chancellor, Alois Mock, who is paying a private visit to Sarajevo, and representatives of the Austrian contingent of SFOR.

Austria is one of the leading investors in BiH economy, and participants of the meeting have expressed interest for strengthening business cooperation between the two countries.

(Fena) gk

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