Bosnia, Lithuania to boost economic cooperation

Bosnia-Herzegovina and Lithuania should further improve their cooperation, Lithuania's Foreign Minister said.

Izvor: DPA

Friday, 08.06.2007.

10:59

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Bosnia, Lithuania to boost economic cooperation

The Baltic region, he said, is willing to help the countries of southeastern Europe to join the EU family and therefore Lithuania is to host a summit of Baltic and southeast European countries next year.

Bosnia-Herzegovina and Lithuania, the two ministers said, should also further improve their economic cooperation.

Current trade exchange between the two countries, as minister Alkalaj said, amounts to some EUR 2.3mn a year and should be significantly improved in the future.

Lithuania, which has already been involved in business in Bosnia as an investor in the Aluminium Factory Birac in the eastern Bosnian town of Zvornik, according to minister Vaitiekunas, also hopes to score success in the privatization of the largest of Bosnia-Herzegovinian aluminium factories in Mostar, through a Lithuanian-Polish consortium.

Vaitiekunas signed an agreement to improve and protect investments between the two countries with Bosnia's Minister of Foreign Trade Slobodan Puhalac as the first step towards boosting the economic relationship.

While in Sarajevo, Vaitiekunas also met with the members of Bosnia's tripartite state Presidency and the country's Premier Nikola Spiric.

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