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Bosnia to Form Government as Key Groups End Impasse, Tanjug Says

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Dec. 28 (Bloomberg) -- Representatives of Bosnia’s three main ethnic groups agreed on forming a central government, 14 months after elections, Tanjug news agency reported, citing a Croat leader, Dragan Covic.

The Cabinet comprising ethnic Muslims, Serbs and Croats will be headed by a yet-to-be-named Croat representative, the Belgrade-based newswire said.

The end of political deadlock opens the way for an agreement on the 2012 budget, holding a national census and possible further integration with the European Union, the newswire reported.

Standard & Poor’s on Nov. 30 lowered Bosnia’s long-term foreign-currency sovereign-credit rating to B from B+, citing political disputes that prevented the formation of a government.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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