Vice-President of the Party of Democratic Progress Igor Crnadak spoke about indebtedness on the securities market of the entity in Bosnia and Herzegovina BiH Republika Srpska RS entity, pointing out that debts are due on June 28th.
The Commission for Securities of the RS for the year 2021 was examined by the National Assembly of the RS NARS yesterday.
The total turnover on the Banja Luka Stock Exchange was 377.8 million BAM in the year 2021, according to the report.
We borrowed 600 million BAM on the London Stock Exchange last year. We will return 750 million dollars in total. All this was done in conditions where our environment and the image of the RS were assessed as speculative and risky, said Crnadakyesterday, speaking on behalf of the Caucus of PDP deputies.
He pointed out that the RS has a B 3 rating and that the PDP never received information about who bought the bonds and who will earn 150 million BAM in earnings.
He said that the Government of RS does not offer citizens the option to buy bonds.
Then they come to the Assembly and ask us why citizens don't buy bonds. The reason why it will be a problem is because we are a system in which there were various cases and it continues with Bank Srpske and Bobar and Balkan Bank, where people have lost all their money by collapsing banks, emphasized Crnadak.
He commented on the material that was sent to the deputies and pointed out that the Securities Commission of the RS is the best and most impartial regulator.
He pointed out that the government of the RS is hiding so that they can continue their business in murky water. We had a discussion around June 28th, but this year RS can't look forward to Vidovdan. RS needs to return 330 million BAM by the end of the year. When the finance minister was there, she said that we have money but not in the account. The PDP leader said that it is possible to see government working when there is no control.
He told the NARS members that he had found a document for the debt that RS owes, since the public is wondering what will happen if the debt is not paid.
Crnadak explained that Bond holders have the right to confiscate any company with more than 50 percent ownership by RS in its ownership structure.