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Bosnian Premier Not Worried By Global Economic Crisis

Prime Minister Nikola Spiric
Prime Minister Nikola Spiric
SARAJEVO -- Bosnian Prime Minister Nikola Spiric says that Bosnia-Herzegovina's economy will be less affected by the global economic slowdown than neighboring countries, RFE/RL's South Slavic and Albanian Languages Service reports.

Spiric bases his optimism on the public's trust in banks. He says people have no reason "to worry about their deposits."

Spiric blamed the media for spreading panic about the situation.

Unemployment in Bosnia is currently 43 percent and analysts predict a worsening economic situation in the second part of this year as fewer remittances are made by Bosnians abroad.

The average salary in the Serb Republic is 790 convertible marks ($520) and 771 convertible marks ($510) in the Muslim-Croat Federation.

An elderly Sarajevan told RFE/RL: "We have been in a crisis for the last 20 years, so I do not feel threatened with any coming crisis.