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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Bosnia Herzegivina. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Montly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!!!
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Bosnia and
Herzegovina's declaration of sovereignty in October 1991, was followed by a
declaration of independence from the former Yugoslavia on 3 March 1992 after
a referendum boycotted by ethnic Serbs. The Bosnian Serbs - supported by
neighboring Serbia and Montenegro - responded with armed resistance aimed at
partitioning the republic along ethnic lines and joining Serb-held areas to
form a "greater Serbia." In March 1994, Bosniaks and Croats
reduced the number of warring factions from three to two by signing an
agreement creating a joint Bosniak/Croat Federation of Bosnia and
Herzegovina. On 21 November 1995, in Dayton, Ohio, the warring parties
signed a peace agreement that brought to a halt the three years of
interethnic civil strife (the final agreement was signed in Paris on 14
December 1995). The Dayton Agreement retained Bosnia and Herzegovina's
international boundaries and created a joint multi-ethnic and democratic
government. This national government was charged with conducting foreign,
economic, and fiscal policy. Also recognized was a second tier of government
comprised of two entities roughly equal in size: the Bosniak/Croat
Federation of Bosnia and Herzegovina and the Bosnian Serb-led Republika
Srpska (RS). The Federation and RS governments were charged with overseeing
internal functions. In 1995-96, a NATO-led international peacekeeping force
(IFOR) of 60,000 troops served in Bosnia to implement and monitor the
military aspects of the agreement. IFOR was succeeded by a smaller, NATO-led
Stabilization Force (SFOR) whose mission is to deter renewed hostilities.
SFOR remains in place at the January 2002 level of approximately 18,000
troops, though further reductions may take place later in the year.
Bosnia and
Herzegovina ranked next to The Former Yugoslav Republic of Macedonia as the
poorest republic in the old Yugoslav federation. Although agriculture is
almost all in private hands, farms are small and inefficient, and the
republic traditionally is a net importer of food. Industry has been greatly
overstaffed, one reflection of the socialist economic structure of
Yugoslavia. TITO had pushed the development of military industries in the
republic with the result that Bosnia hosted a large share of Yugoslavia's
defense plants. The bitter interethnic warfare in Bosnia caused production
to plummet by 80% from 1990 to 1995, unemployment to soar, and human misery
to multiply. With an uneasy peace in place, output recovered in 1996-99 at
high percentage rates from a low base; but output growth slowed in 2000 and
2001. GDP remains far below the 1990 level. Economic data are of limited use
because, although both entities issue figures, national-level statistics are
limited. Moreover, official data do not capture the large share of activity
that occurs on the black market. The marka - the national currency
introduced in 1998 - is now pegged to the euro, and the Central Bank of
Bosnia and Herzegovina has dramatically increased its reserve holdings.
Implementation of privatization, however, has been slow, and local entities
only reluctantly support national-level institutions. Banking reform
accelerated in 2001 as all the communist-era payments bureaus were shut
down. The country receives substantial amounts of reconstruction assistance
and humanitarian aid from the international community but will have to
prepare for an era of declining assistance.
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