Succession of SFRY property continues – Handover of 11 more pieces of property this year

Serbia has recently handed over the consulate in Sao Paolo and a mansion in Brasilia in the total amount of around a million dollars to Slovenian diplomats as part of the process of the succession of property after the breakup of the Socialist Federal Republic of Yugoslavia.

The handover of another 11 pieces of property will be carried out this year, the value of which amounts to nine million dollars, of which three more pieces of property will go to Slovenia (in the amount of USD 3.9 million), four to Croatia (USD 2.5 million) and two to Bosnia and Herzegovina (USD 2 million).

It remains, as the secretary general at the Ministry of Foreign Affairs, Veljko Odalovic, says, for the inheritor-states to divide another 51 pieces of property, worth USD 110 million, of which Serbia will get 39.5%, Croatia 23.5%, Bosnia and Herzegovina 15%, Slovenia 14% and Macedonia 8%.

Among these are five exclusive structures, two in New York and one each in Tokyo, Bern and Bonn, whose value was estimated at around USD 80 million at the beginning of the 1990s.

According to Odalovic, based on certain quotas, those five structures couldn't go to either inheritor-state, which is why it has been decided that they should be sold.

– These days, the first official estimates are being made, that is, an international invitation has been opened for the international agencies for the assessment of market value. After that, the second phase should begin, where we will offer those objects for sale in the international market – Odalovic said and added that Serbia should get USD 35 to 40 million.

A large part of the property, consisting of the most valuable and the most attractive items, has already been divided among the states, Odalovic said, and the remaining property is mostly of the kind nobody wants or consists of those items over which certain states claim exclusive rights.