Bosnia and Herzegovina - Media Review – November 12

NEZAVISNE NOVINE

- The first 45 Fiat Punto cars manufactured in Fiat's factory in Serbia will reach their buyers in Bosnia’s Serb Republic on Monday, the Republic’s Trade and Tourism Minister Predrag Gluhakovic said. The cars are sold at subsidized prices of 5,999 euro each in the Republic.

- The requirements of big retail chains for allowing Bosnian products in their shops are very harsh and make local producers uncompetitive, industry officials said. They warned they will have to start firing workers if the situation does not change.

CAPITAL.BA

- The banking unit of Austria's Hypo Group Alpe Adria in Bosnia's Serb Republic, Hypo Alpe-Adria-Bank Banja Luka, said it has launched a 5.0 million marka capital hike, offering for sale 5.0 million shares at an issue price equal to their par value of 1.0 marka each. The subscription for shareholders with pre-emptive rights will be open form November 27 until December 2 and for new shareholders it will be open a further ten days. The success threshold of the issue is 90%.

(1euro=1.95583 marka)