FBiH: What will happen with Bosnia's property in Croatia?

Ilustracija

The Government of Bosnia's Federation (FBiH), the territorial entity shared by Bosniaks and Croats, has sent an inquiry to the state Council of Ministers (CoM) regarding the properties that are owned by Bosnian companies but located in Croatia, after Croatia's Parliament adopted changes to their state ownership Law on Friday.

Nearly 200 properties across the Mediterranean coast, including a number of hotels, ‘Energopetrol’ gas stations and business buildings belong to companies based in Bosnia. The estimated value of those properties is about two billion Euro.

Their status, however, remains unclear as Bosnia and Croatia have not yet agreed on how the treaty on succession of property after the breakup of former Yugoslavia will be implemented.

Croatia's Parliement on Friday adopted a new state ownership law which allows the country to rent out this property.

Registries on property in Croatia which is owned by Bosnian companies are kept by the relevant institutions in Bosnia's two semi-autonomous entities, the FBiH and the Serb-dominated Republika Srpska (RS).

The Cabinet of FBiH Prime Minister, Fadil Novalic, told N1 the FBiH Government asked the CoM what action it will take in regard to the issue, but the Cabinet of CoM Chairman, Denis Zvizdic, did not confirm they received the inquiry yet.