Government: Yugoslavia Succession Treaty must be implemented

VM BiH

Bosnia’s Government has on Tuesday asked the country's Attorney General Office to intensify efforts at protecting Bosnia's state property in Serbia and Croatia and the relevant Ministry to work harder on bilateral agreements that would regulate the issue, a Government press release said.

The Bosnian Government has asked its relevant negotiating bodies on the matter to intensify their efforts in implementing the 2001 Yugoslavia Succession Treaty, which prescribed which country gets what after the breakup of Yugoslavia.

Nearly 200 properties across the Mediterranean coast in Croatia, including a number of hotels, ‘Energopetrol’ gas stations and business buildings belong to companies based in Bosnia.

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

Croatia's Parliament had in May adopted a new State Ownership Law which allows the country to rent out such property, and some Bosnian officials said Bosnia would in time lose its properties in Croatia for good because of the new law.

Bosnia's government also asked its two semi-autonomous regions and the Brcko District to be more active in helping the problem be solved.

The Annexe G of the Succession Agreement states that all property located in one of the succession countries but owned by another will be recognized as such, protected and returned to the rightful owner in accordance with international law and customs.

Bosnia has already adopted a decision to implement the Annexe and opened up the opportunity for other Yugoslavian countries to manage their own property on Bosnian territory, and it expects other Yugoslavian successor countries to do the same, the Government press release said.