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The High Representative, Wolfgang Petritsch, today welcomed progress achieved at the negotiations on succession to property of the Former Socialist Federal Republic of Yugoslavia, principally the division of some of the financial assets which have lain dormant since the breakup. Congratulating the delegations of the five successor states -- Bosnia and Herzegovina, the Republic of Croatia, the Federal Republic of Yugoslavia, the Former Yugoslav Republic of Macedonia and the Republic of Slovenia -- and his Special Negotiator for Succession Issues, Sir Arthur Watts, the High Representative said the agreement is not only an encouraging step for the next round of talks planned for Vienna, but also a step towards further co-operation in the region.
On Tuesday, the five delegations initialed a decision on the division of gold, shares and other reserves deposited in the Bank for International Settlements in Basel. The assets will be distributed among the five countries according to the following percentages: 13,2% to BiH, 28,49% to Croatia, 5,4% to FYROM, 16,39% to Slovenia and 36,52% to the Federal Republic of Yugoslavia.
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