Croatian Parliament will on Friday discuss the final proposal for a law on governing of state property, including property with unclear ownership such as Bosnia’s numerous tourist resorts on the Croatian coast, which Bosnia could lose.

If the law is passed, property owned by Bosnia could be put under the management of third parties for a period of 30 years.

Bosnia could lose nearly 200 properties across the Mediterranean coast, which are worth some€2 billion, according to the head of the Association for Vacation and Recreation of Workers of Bosnia and Herzegovina, Ramo Atajic.

For ten years already, Atajic has been trying to find a way to raise the issue of the return of resorts which were owned by workers’ unions of Bosnian companies to Bosnia.

“There is currently a tender, it already came out, regarding the sale of a building in Baska Voda which is owned by (Bosnia’s) ‘Hidrogradnja’, and they (Croatia) are asking for €5.5 million for that hotel, which Hidrogradnja built,” Atajic said.

The changes to Croatia’s state ownership law will make it impossible for Bosnia to claim its properties, he said.

“It is well known that if someone is using a property for 20 years, he obtains the right to that property, based on the principle of adverse possession. It’s a trick our (representatives) have not noticed, as I see no reactions,” Atajic said.

“They (Croatia) will now rent out this property for the next 30 years and in 20 years, the one renting it will be registered (as the owner) and then we have nothing to say to that,” he explained.

This situation is only the newest action in an attempt to deprive Bosnia of its property, and bring it into an unequal position compared to other countries who inherited their properties after the breakup of former Yugoslavia, said a state ownership expert, Muharem Cero.

“It is clear that the effects of such a move, and the grab of Bosnia’s property for a 30 year period, until a bilateral agreement is signed, is a breach of Bosnia’s economic sovereignty,” Cero said, “especially regarding the fact that it concerns an enormously large sum of financial resources, which would enable Bosnia to avoid borrowing money externally and to economically consolidate.”

But Bosnia’s Justice Minister, Josip Grubesa, said he saw nothing wrong with the changes in the law Croatia will discuss. He said it was all an incentive for speeding up the negotiations and achieving a final agreement between Bosnia and Croatia.

“What they are now doing with their legal solution is that they will give the property up for concession, and I posed the question what would happen if we agree on the property in five years? They said OK, no problem, the new owners will take over the contract which the Republic of Croatia has made with the interested party,” Grubesa said.

Institutions are silent over the issue. As the treaty on succession does not contain mechanisms of legal protection, Muharem Cero thinks that one possible response could be an open letter to European institutions and to the Security Council, or taking reciprocal action toward Croatia.