German Government to help Development Projects in BiH with 6 million EUR?

May 7, 2018 10:00 AM

The Council of Ministers of BiH established the Proposal for note agreement between the Council of Ministers of BiH and the Government of the Federal Republic of Germany on technical cooperation for the year of 2015, whose value amounts to six million EUR.

Therefore, the Government of the Federal Republic of Germany will allocate a total of 4 million EUR for financing the project “Incentives for Renewable Energy Sources” and 2 million EUR for the project “Local Self-Government and Incentives to Economy”, on the basis of the already signed Agreement on technical cooperation with BiH.

These projects will be realized by the German Society for International Cooperation (GIZ), and they are contributing to the social and economic development of BiH.

The Proposal of the note agreement will be submitted to the Presidency of BiH on a further procedure, and the Minister of Foreign Trade and Economic Relations was proposed for BH signatory.

(Source: akta.ba)

 

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