The Council of Ministers of Bosnia and Herzegovina passed the decision on the provisional financing of the Service Agency (BHANSA) to which accounts in Brussels were blocked by accounts on the request of the Slovenian company Viaduct, and due to the unpaid debt to it.
Temporary funding will help this company function normally and serviced ongoing obligations, confirmed for N1 Vinko Malnar, President of the Trade Union of the Controller in BiH.
It explained that according to the total plan for Bhansa, 60,108,155 KM were approved and that the BiH institutions of BiH is determined according to the temporary basis to ensure the funds for the functioning of this Agency.
The decision will be in the Official Gazette of BiH today
It is important to point out that this decision will be published today in the Official Gazette of BiH, and the Council of Ministers sent on Friday.
According to the BiH Ministry of Finance, the BHANSA Management has already submitted a monthly tranche in accordance with the adopted financial plan of BHANSA and execution in the previous period.
This decision is on a temporary basis and money will, when the BHANSA is unlocked to be returned.
Blocked account
Bhansa is facing a serious financial crisis after Eurocontrol, according to the Belgian court, blocked the funds that this agency should receive for airspace management services.
This blockade is the consequence of the 2022 arbitration judgment. In the benefit of the Slovenian company ViaDuct, which is not directly related to BHANSA business, but has deep consequences for its business.
Due to blocked accounts, they were forced to reduce salaries by 20 percent, without temporary financing were established to be questionable and functionality BH. Heaven and airports throughout BiH.
About the case “Viaduct”
Recall, Bosnia and Herzegovina is conducting a fight with serious legal and financial consequences after it has lost the arbitration dispute with the Slovenian company Viaduct. The arbitration council in Washington was obliged to pay 40 million euros, and debt grows every day due to interest.
Meanwhile, Viaduct initiated procedures for seizure of assets, including the BiH Central Bank buildings, which further complicates the situation.
The problem arose when the Government of Republika Srpska did not comply with the concession agreement for the construction of hydroelectric power plants with this company.
The Government of the Republika Srpska 2004. assigns a concession to Viaduct’s company Hes Vrbas for the construction of hydroelectric power plants on Vrbas.
In the same year, RS allocates a concession for HPP Bočac 2, which prevents the realization of the original Viaduct project.
Viaduct is launching Arbitration 2014, claiming that it was harmed to the termination of the contract.
The Arbitration Council in Washington rules the benefit of the BiH payment of 40 million euros, however, it is important to point out that every day outstanding debt to the Slovenian company Viadukt grows 18,000 KM and is now greater than 70m euros.
The Slovenian company “ViaDuct and others” launched an arbitration proceedings due to one-sided termination of the Concession Concession Agreement for the Republika Srpska to build a hydropower system on Vrbas.
Each day outstanding debt to the Slovenian company Viaduct is growing for 18,000 km of tension interest and is now about 70m euros.
This problem occurred when the Government of Republika Srpska did not comply with the concession agreement for the construction of hydroelectric power plants with this company.
He followed the dispute before the Arbitration Council in Washington, and then the verdict in favor of Viaduct. According to the agreement signed in 2017. The Government of the Republika Srpska was unconditionally obliged to pay off all the fines. The agreement was signed by Željka Cvijanović then the RS Prime Minister.
State budget at the finish
Also, it is important to point out that employees and this month reduced salary by 20 percent since the final decision on debt payments has not yet been achieved. The Presidency of BiH returned to the refinement of the budget that was planned to get rid of the company’s funds in the Central Bank of BiH.
On the other hand, the above interest rates continue to grow.
