BUSINESS

BiH should receive Fourteen Million BAM from the Sale of Former Embassies in New York and Bern

Bosnia and Herzegovina should receive around 14 million marks from the sale of the embassy and residence of the former SFRY in Bern, and from the sale of the permanent mission of the SFRY to the UN in New York, writes Slobodna Dalmacija.

Namely, the Joint Committee for the Distribution of Diplomatic and Consular Property of the former SFRY will initiate the procedure of selling the Embassy and residence of the former SFR Yugoslavia in Bern and the Permanent Representation of the SFRY in New York.

Serbia is buying the embassy in Bern

As for the embassy in Bern, the Proposal of the decision on approving the joint sale states that the offer in the amount of 7.7 million Swiss francs (about 14.2 million BAM) was accepted, of which BiH should receive 15 percent, ie about two million marks.

The buyer of the embassy and residence in the Swiss capital is Serbia, which will buy the co-ownership shares from the remaining four successor states, and they will be distributed between those four states on the basis of the Agreement on Succession Issues. –

The Ministry of Foreign Affairs of BiH will fulfill the obligations based on the payment of costs in the procedure of concluding the contract, as well as the amount of other costs incurred by the turnover of the real estate in question – it is pointed out in the Draft Decision.

As it was emphasized, the stated MFA of BiH will, after settling the obligations, pay the rest of the funds to the Single Account of the Treasury of BiH in accordance with the instructions of the Ministry of Finance and Treasury of BiH.

Twelve million BAM for BiH from the sale of real estate in New York

Regarding the sale of the Permanent Mission of the former SFRY to the United Nations, the draft decision states that an offer in the amount of 50 million US dollars (81.2 million marks) will be accepted, of which BiH should receive 15 percent, or about 12 million marks.

The buyer of the Permanent Mission in New York is a company from that city, and the funds, as in the case of the embassy in Bern, will be distributed among the successor countries, in accordance with the Agreement on Succession Issues.

It should be reminded that after the disintegration of Yugoslavia, it was necessary to distribute numerous embassies, residences, apartments, business premises, summer resorts and other real estate among the former republics.

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