Борба, 11. 11. 1997., стр. 6

| 4|

& Tuesday, November 11. 1997.

CONTRACT

Belgrade, - A 30-million-German mark contract on business-technical cooaey was signed at the Yugoslav Chamber of {Commerce on Sunday between the public Serbian electric lea company JP EPS and the German com-

pany Krupp Fordertechnik . (KP).

The contract envisages 10-year business-technical cooperation in the production of parts and machine sets and instruments for mining equipment of the KF production programme. |||

In the presence of Chamber President Mihailo Milojevic and German Ambassador to Yugoslavia Wilfried Grueber, the contract was signed by JP EPS Director General Slobodan Babic and KF Board of Managers President Herbert Wiedenheus.

The cooperation will proceed through Yugoslav firms, including 'Kolubara-Metali” of Lazarevac, *14 Oktobar of Krusevac, 'Gosa” of Smederevska Palanka, the "Lola' Corporation of Begrade, the machine industry of Nis, and others. .

Pointing out the importance of the contract, which is renewable, Babic said home manufacturers would not compete with each other as they would apply KF marketing and engineering for the world market and also coproduce basic equipment, parts and

components for third mar--

kets.

The contract also envisages purchases of spare parts and equipment for

manufacture, from other world renowned manufacturers, said Babic.

· The financial side will"

BELGRADE

regulated through

Yugoslav counter deliveries of goods and services, since the JP EPS does not have the necessary funds. Since the JP EPS needs major funds for promoting its capacities, such as, for instance, the construction of a power plant in Koso-

denheus of Krupp sign contract

vo (two blocks of 350 mepawatts each), Babic said is company had also discussed possibilities for purchasing: equipment through Krupp and Siemens. He said high-level talks on this would continue. . Underscoring the im| portance of the ij} EPS during the difficult years of the international embargo against Yugoslavia, and

_i-for the country's developthe JP EPS. from.KF, and Š those which KF does not

'ment, JP. EPS. Board..of Managers President Dragan Kostic said the electric power industry Was resolved to secure for its electric power and mining facilities the best possible

The contract envisages 1(0-year coop.

BORBA IN ENGLISH

SERBIAN POWER COMPANY EPS AND GERMANY'S KRUPP SIGNED

equipment and production means.

Today's contract is a step ın that direction, Kostic said. It ıs important that the KF realized the position of the power company, but also that they accepted the proposed con-

tract concept with insight, as it is not only in the interests of the two companies, but the two economies and the two countries as well.

Wiedenheus described the contract as a continua-– tion of the former coopera-– tion with Yugoslav compa-– nies in this area, but also as a contract for the 21st century.

He underscored the wish that relations between Yugoslavia and Germany grow and that closer cooperation between di-

lomats and businessmen ead to the renewal of the engagement of Germany's insurance company Her-

Ne BR of 5798} F10295Y (2000r2f0

Belgrade, - Israeli Ambassador to Yugoslavia David Sasson officially opened the new building of the Israeli embassy in Belgrade on Sunday, with numerous visitors and guests attending the ce-

remony.

The ceremony began with the traditional attaching of a mezuzah to the doorpost, which was done by. Ambassador Sasson and Chief Rabbi for Yugoslavia

Cadik Danon. Tr

_ In a brief address, Ambassador Sasson said much had changed since Yugoslavia

Strong basis for firm ties between the two countries: guests attending the ceremony

hepr

and Israel had renewed diplomatic ties after 30 years in January this year.

There had been unofficial relations during all this time, Sasson said, adding that there was now a strong basis for friendly and firm ties between the two countries.

The ceremony was attended also 'by Serbian Information Minister Radmila Milentijevic, representatives of the foreign ministry, the Serbian Orthodox Church and the Roman Catholic Church, and representatives of political parties, members of the Jewish community in Yugoslavia, and numerous reporters.

Stefan the de\

eration: EPS Director General Slobodan Babic and Herbert Wie-

lant Step Forward

mes in Yugoslavia, which he said would enable and facilitate KF'"s investment activities in Yugoslavia.

Privatization in Yugoslavia is definitely an interesting: area for the German industry, said Wiedenheus. The German ambassador and the chamber president, as the host, underscored that this was a very useful contract which would doubtless contribute to future economic cooperation between the tWO COuntries. ATIAN RELATIONS

Agreement on Border Crossing

Backa Palanka, The Yugoslavia-Croatia agreement on passenger and goods traffic at the border region crossing between Backa Palanka and Ilok has been in effect as of Nov. 1.

Under the agreement, the traffic between the Yugoslav municipalities which border with the U.N. administrated Srem-Baranja „region unfolds with passes, Issued at the police stations ın Backa Palanka.

I.D. cards and earlier documents are still valid, but there have been quite a few unclear points. .

The U.N. Transitio-

nal Administration (UNTAES) sets out that the border between

Croatia and Yugoslavia is a 'soft border” and that many issues wtll be resolved through tolerance. BEOBANKA BANK AND ITALIAN FINEST

SIGNED PROTOCOL ON COOPERATION

| proci) g

Belgrade, - "Yugoslav company Zastava is on the list of firms to be tran-

sformed under the po-'

vernment's special programme and that can be of great help", said Srboljub Vasovic, Director General of Zastava of Kragujevac. He also stressed this as the only possible way in which this company would have the easier Job in making contacts. and reaching agreements with foreign

artners. If the state is be-

ind something, if it supports it, then ıt is real to expect it will also undertake some obligations, says Vasovic.

As he points out, Zastava is a holding company, consisting of 48 enterprises and over 40,000 employees. Apart from passenger cars, trucks, hunting: and sports weapons, the enterprises within the Zastava system also produce tools, machines, equipment.

riefly, they can produce anything of metal.

In the ownership transformation process that lies ahead, Zastava will choose its own strategic

YUGOSLAV - CRO- | OWNERSHIP TRANSFORMATION OF ZASTAVA

Strategic Pariner (arh

(foreign) e and the state will be there to support that choice. However, the name of that partner is still a mystery and as Vasovic says, all those that have already been mentioned are still there. The fact is that the choice

The only way to reach agreements with foreigm partners: Srboljub Vasovic, Director General of Zastava

must be made as soon as possible although it is well known that even in the far better business circumstances these kinds of negotiations last three to four years.

Zastava's ownership transformation programme is being made with the help of the Economic In-

inflow of Foreign Capitt

e development of the bilateral co. operation existed in all sectors of the two complementary economies,

Belgrade, - Beobanka bank and Finest, a financial institution for the promotion of economic cooperation with East European countries set up by the Italian government. signed a protocol on the foundmg of a joint ćotporation Beofinćst. The protocol was signed by Beobanka president Zlatan Perucic, Finest president Leonardo Simoneli and the deputy director of the Trieste bank - SL Paolo Zanetti, ın the presence of the Italian Ambassador to Beigrade Ricardo Sessa, representatives of the Yugoslav and Serbian governments, Chambers of Commerce and Yugoslav and Italian firms, interested ın mutual cooperation.

Beofinest is a financial instituti on through which Italian firms will invest capital in Yugoslav small and medium size enterprises, and the director will be an Italian, Sergo Genki. \

Perucic said that the initiative for.its founding was made at the time of sanctions and that the first results were expected by the end of this year.

He added that the basic goal was that our enterprises receive foreign capital and access to the world

Milojevic underscored the fact that Yugoslav companies were able to become partners to such owerful manufacturers as

p, at home and on third. markets.

__Grueber said he wished to demonstrate with his presence Germany's interest in developing and promoting economic cooperation with Yugoslavia.

PARLIAMENTARY DELEGATION OF MOL-

DAVIA IN BELGRADE

Cooperation |in Agriculture

Belgrade, - A parli|| amentary delegation ij of the Republic of | Moldavia, headed by | speaker Dimitru Mopcan, will pay a vi| sit to our country from November 10 to 12, at the invitation of Lower House speaker Milomir Minic, the | Yugoslav Parliament _ information service |, said today. | The visit of Molda|| vian parliamentarians | i is a return visit. | The Moidavian || parliamentary delega| tion will hold talks | with Minic, Yugoslav | || Prime Minister Rado- | | je Kontic, Yugoslav | | Parliament Upper" | House speaker Srdja || Bozovic, Yugoslav Mi- | | nister of Trade Bori- | slav, Vukovic and. Yugoslav Deputy Fo- reign Minister Rado- | slav Bulajic. | Moldavian parlia- mentarians will visit | the Belgrade agricul- · tura! complex and the | Institute for maize in i | Zemun Polje the statt t said |

BONN

SFOR mission.

uncil.

aid that possibilities for: ( } čes.

Bonn, - The international conference on Bosnia-Herzegovina which will be held in Bonn on Dec. 9-10 will be another opportunity to review the implementation of the Dayton agreement before a final decision is taken early next year. on the fate of the multinational

The hosts are showing great interest in the upcoming General Assembly of the Bosnia Peace implementation Co-

The outcome of the conference will in great measure decide Bonn's position on a new mandate for the multinational force, as well as on a whole range of other issues, from reconstruction to refu-

The government in Bonn is considering several courses of action - the strengthening, of the German military

resence, the return of the remaining 280.000 refugees, and the promotion of its new ”'man for Bosnia” Hans Schu-

market. Beofinest as a profit institution, and the profit made Will be equally distributed between Yugoslav and Italian partners, who are equally represented in the administration council where decisiOns will be mađe by consensus.” .

Perucic said that Beobanka, which has 28,000 clients, has offered so far 30 projects worth over 100 million D marks. He said that Italian banks have also announced several credit lines with interest rates at the level of European Union commercial banks, so that for the first time after sanctions interest rates will not contain the Yugoslav risk factor.

He recalled that Italy was Yugoslavia's second largest foreign trade partner, whose trade last year totaled 470 million dollars.

Perucic pointed out that Yugoslavia had a very favorable position and legislation for foreign investments. Foreigners are able to' found their own or mixed firms, to purchase existing enterprises or their shares, to dispose freely of the profit made, to reinvest it or repatriate it.

Yugoslav Deputy Prime Minister Danko Djunic said that the government supported the project,

ments.

Conferehce 0n Bosnia Wi|} Revigy implementation of Day(0n agfeemeni

macher, who has taken over as Carlos Westendorp"s Deputy in place of the late Gerd Wagner.

The hosts expect the conference to be attended by 56 representatives of country-donors of aid for the reconstruction of Bosnia-Herzegovina, and by leading representatives of international bodies and organizations.

The conference participants will first hear Westendorp"s report on the current situation in the field, after which they will discuss the issues of human rights, refugees, relief aid, the constitutions of Bosnia-Herzegovina and its two entities, a report on the status of Brcko, and the results of the municipal elections held in all of Bosnia-Herzegovina and of the parliamentary elections in Republika Srpska.

The conference will also deal with disarmament, arms control, and political stability in the region.

Preparations for the Bonn conference are well under way.

as it is interested in the devel ment of small and medium size ff terprises.

The government is creating institutional framework and facl u 'ties for foreign investments, b n will not interfere in the interna} * siness policy of enterprises, DjuMt . said noting. that the formationl , Beofinest was a good step towal x. the normalization of relations Wih o international financial institutionk

Yugoslav Foreign Trade Mit i ster Borislav Vukovic said that y 18 months, 1.800 contracts onlb ci reign investments had been sign with Italy ranking first in financ cooperation and second in number of signed contractSs. je

He added that trade with italy! *. the first nine months this year, 00% grown 50 percent and annount

Transformation Milan 'Beko rec Ć led that the lItalian' governm

supported the integration of eoi| slavia into international finant" | processes. He assessed that itwE | good that Beofinest will tak e \ in the financing of ownership "| sformation. ||

535 |

ı ||

not necessarily have ; PU. (i but a veh, e that will, by appnhj the most up-to-dakoij} pe other technology that

have, make it possible} m Zastava to employ } | maximum «number workers. In the nepolij ons with the foreign ners workers are not |} problem, because the | sition of Zastava is we should have that num ber of employed that | necessary..forthe..cer quantity, „quality a competitive price of product, concluded V Vic.

IL 30

+ ·

i ; HI new facilities for foreign inveh c(

Serbian Minister for Ownershl je

| BELGRADE ~ ||

Nikola Saino\i |.

Receives U,S. |

Businessmal “|

Deputy Prime MM i. Nikola Sainovic !' ved U.S. business" and international laW pert Robert Hendrh

~ YuposM | Belgrade, - YU “|

= e Me Mo e._ Po e

Sainovic an "IE who has visited Yupo || via's leading OSA i over the past feW 0 |

a guest of the YuRO ChaPđbeF of Co discussed W4ayS | to promotč U.S. relafibj 10. direct contaCci! ,., the tvo countričš M ; panies, said 4 S og released by the Ce | Information SEC? a | Also prese Yugoslav ; Commerce Mihailo Mi statement 5410