Croatian, Slovenian PMs sign MoU on the Ljubljanska Banka issue

The prime ministers of Croatia and Slovenia, Zoran Milanovic and Janez Jansa, meeting in Mokrice, Slovenia on Monday, signed a Memorandum of Agreement between the two governments to resolve the Ljubljanska Banka issue within negotiations on succession to the former Yugoslavia, while the Slovenian parliament would immediately initiate ratification of Croatia's European Union accession treaty.

After an hour of talks, the two prime ministers signed the document that says that efforts will be made to find as soon as possible a comprehensive solution to the issue of Yugoslav-era foreign-currency deposits of Croatian clients with the Zagreb office of the now defunct Slovenian bank. Active negotiations to that effect will continue at the Bank for International Settlements in Basel in line with the succession treaty.

Under the memorandum, which is written in English, the Croatian government will ensure that the lawsuits filed by Croatian banks are put on hold and no new legal or other proceedings are taken with regard to the issue of transferred foreign-currency savings deposits, while Slovenia undertakes to initiate a procedure in its parliament to ratify Croatia's EU accession treaty.

Slovenia is expected to ratify the Croatian accession treaty by the end of this month.

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