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After a four-year break, the 5th meeting of the Standing Joint Committee on oversight of the implementation of the Agreement on Succession Issues of Former SFRY was held today in Zagreb, where the Senior Representatives of the successor states analysed the implementation of all the annexes that constitute an integral part of the Agreement and reviewed other relevant issues related to this process, especially issues of dividing assets amongst mixed banks.

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The meeting was attended by Deputy Foreign Minister Andrej Zernovski who has been appointed Senior Representative of the Republic of North Macedonia to this Committee.

The Senior Representatives of the successor states, representing their countries’ interests, sought to reach a consensus at the meeting on each of the issues on the agenda set out in the Rules of Procedure of the Committee.

Deputy Minister Zernovski conveyed North Macedonia’s interest in consistently implementing the previously adopted recommendations of this Committee, insisting on speeding up the process of dividing the diplomatic and consular property of former SFRY and then reviewing and regulating the issues of allocating financial obligations and claims of former SFRY, intensifying the process of dividing archives and in general advancing and accelerating the work of this Committee as the one responsible for the effective implementation of the Agreement on Succession Issues.

Zernovski underlined that evident results exist regarding the implementation of Annex B, which refers to the division of diplomatic-consular properties of former SFRY. The Republic of North Macedonia expects to earn around $4 million from the sale of the SFRY residence in New York, SFRY Embassy in Bonn, Bern and the SFRY mission in New York.

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“I am pleased that an agreement on Annex B was reached a week ago within the framework of the Committee, regarding the division of deposits in Adria Bank in Vienna. Serbia’s share in these deposits has been reduced from 38% to 20% due to previous unilateral use thereof. The Republic of North Macedonia is expected to receive around $2 million from this allocation” Zernovski said.

At the proposal of Deputy FM Zernovski and the Macedonian delegation, the Standing Joint Committee adopted several recommendations to the Government of successor states regarding activities to be taken to promote the implementation of the Agreement on Succession Issues.

It was also agreed that the next meeting of the Standing Joint Committee will be held next June in the Republic of North Macedonia.