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Reading: HR Schmidt warned Investors not to invest Money in RS because of State Property
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Sarajevo Times > Blog > POLITICS > HR Schmidt warned Investors not to invest Money in RS because of State Property
POLITICS

HR Schmidt warned Investors not to invest Money in RS because of State Property

Published: July 14, 2023
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The Office of the High Representative (OHR) warns international investors in Republika Srpska, as well as banks that are considering accepting state property as collateral for loans, to be careful, because their money could be lost, Michael Martens, a journalist of Frankfurter Allgemeine Zeitung announced on his Twitter profile.

As he stated, back in April last year, the high representative of the international community in Bosnia and Herzegovina, the German politician Christian Schmidt, addressed a letter to various financial and economic institutions in Bosnia and Herzegovina with a warning.

The Republika Srpska’s attempt to legally claim state property as its own is null and void, Schmidt warned. If the corresponding law were to be passed, it would “violate legal certainty and a predictable business and investment environment in the Republika Srpska”.

“It seems that a certain set of actions is being prepared. And who knows – if Republika Srpska President Milorad Dodik continues with his threats of secession, maybe the international community has some surprises in store for him, especially regarding his or his relatives’ assets/accounts outside of Bosnia and Herzegovina”, writes Martnes on Twitter.

He further states that he is not sure that the OHR is acting as a scarecrow for potential investors in Bosnia and Herzegovina, “but it seems that is the situation”.

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