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Sweden to invest 100 mln euros in BiH by 2020

Xinhua, July 29, 2015 Adjust font size:

Sweden planned to invest some 100 million euros in Bosnia and Herzegovina (BiH), according to an agreement signed by the two sides on Tuesday.

The agreement was inked by BiH Finance Minister Vjekoslav Bevanda and the Swedish International Cooperation Agency (SIDA) Director Marie Bergstrom.

Sweden has invested 480 million euros in BiH since 2004, and it plan to invest 15 million euros in 2015, Bevanda noted.

The cooperation between the two sides will focus economic integration with the EU, economic development and reforms, said Bergstrom.

Sweden supported BiH in its efforts to implement the necessary reforms to encourage job creation and investments, she added. Endit