Bosnia should be a financial hub: Turkey's deputy PM

Ali Babacan says Bosnia-Herzegovina has potential to attract foreign investors.

Bosnia should be a financial hub: Turkey's deputy PM

World Bulletin / News Desk

It is high time for Bosnia-Herzegovina to be a crossroads of economic and financial dynamism, a hub of development, Turkey's Deputy PM Ali Babacan said Monday.

Attending a welfare and employment forum in Sarajevo during his one-day visit, Babacan said political talks should be maintained in the Balkans in order to attain a consistent development and peace atmosphere.

He said Bosnia-Herzegovina had potential to attract foreign investors if it could achieve political stabilization.

Terming Bosnia as a country "in the heart of Europe," Babacan stressed that stability is a stimulus which fosters economic development and growth.

According to business magazine Forbes, Bosnia has a transitional economy with limited market reforms. Its GDP for the year 2012 was $17.4 billion.

Last Mod: 27 Mayıs 2014, 09:26
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