Turkey loans 50 million euros to Bosnia-Herzegovina
Business |
The line of credit to Bosna Bank International will provide low interest or interest-free loans to Bosnian companies and individuals.
Turkey has agreed a 50 million euros loan to support businesses in Bosnia-Herzegovina.
The 10-year line of credit between Turkeys Ziraat Bank and Bosna Bank International will assist small- and medium-sized enterprises, strengthening the country's economy and opening up new employment opportunities.
Ziraat Bank General Manager Huseyin Aydin said: "The new credit line will be contributed to individuals, micro-operations and small- and medium-sized companies to increase trade and production with favorable interest or interest-free loans."
Commenting on the relationship between Turkey and Bosnia-Herzegovina, the Turkish ambassador in Sarajevo, Cihad Erginay, said: "This relationship gains its power from common shared values. Turkey itself wishes the same or even more for Bosnia and Herzegovina."
Bakir Izetbegovic, one of Bosnia-Herzegovinas tripartite presidents, described the provision of interest-free loans for individuals as an example of friendly and brotherhood credit."
A 20 million euro loan agreement was also signed to restore a hotel in Mostar, one of the countrys biggest tourism sites.
Anadolu Agency
The 10-year line of credit between Turkeys Ziraat Bank and Bosna Bank International will assist small- and medium-sized enterprises, strengthening the country's economy and opening up new employment opportunities.
Ziraat Bank General Manager Huseyin Aydin said: "The new credit line will be contributed to individuals, micro-operations and small- and medium-sized companies to increase trade and production with favorable interest or interest-free loans."
Commenting on the relationship between Turkey and Bosnia-Herzegovina, the Turkish ambassador in Sarajevo, Cihad Erginay, said: "This relationship gains its power from common shared values. Turkey itself wishes the same or even more for Bosnia and Herzegovina."
Bakir Izetbegovic, one of Bosnia-Herzegovinas tripartite presidents, described the provision of interest-free loans for individuals as an example of friendly and brotherhood credit."
A 20 million euro loan agreement was also signed to restore a hotel in Mostar, one of the countrys biggest tourism sites.
Anadolu Agency
