31.12.87NoL389/66 OfficialJournaloftheEuropeanCommunities
SECONDPROTOCOL
onfinancialcooperationbetweentheEuropeanEconomicCommunityandtheSocialistFederal
RepublicofYugoslavia
THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
ontheonepart,and
THEFEDERALEXECUTIVE COUNCILOFTHEASSEMBLYOFTHESOCIALISTFEDERAL
REPUBLICOFYUGOSLAVIA ,
oftheotherpart,
REAFFIRMING theirresolvetoimplement,intheframeworkoftheMediterranean policyoftheenlarged
Community,acooperationwhichwillcontributetotheeconomicdevelopmentofYugoslaviaandpromotethe
strengtheningofrelationsbetweentheCommunityandYugoslavia,
ANXIOUStopursuetothisendthefinancialcooperationprovidedforintheCooperationAgreementbetween
theEuropeanEconomicCommunityandtheSocialistFederalRepublicofYugoslavia,
HAVEDECIDEDtoconcludethisProtocolandtothisendhavedesignatedastheirPlenipotentiaries :
THECOUNCILOFTHEEUROPEANCOMMUNITIES :
JakobEsperLARSEN,
AmbassadorExtraordinary andPlenipotentiary ,
PermanentRepresentative ofDenmark,
ChairmanofthePermanentRepresentatives Committee;
JeanDURIEUX,
SpecialAdviserintheDirectorate-General forExternalRelationsoftheCommissionoftheEuropean
Communities ;
THEFEDERALEXECUTIVECOUNCILOFTHEASSEMBLYOFTHESOCIALISTFEDERALREPULIC
OFYUGOSLAVIA :
JozefKOROSEC,
AmbassadorExtraordinary andPlenipotentiary ;
WHO,havingexchangedtheirfullpowers,foundingoodanddueform,
HAVEAGREEDASFOLLOWS :
accordingtotheconditionsspecifiedinthisProtocol,inthe
financingofprojectsdesignedtocontributetothe
economicdevelopmentofYugoslaviaandinparticular
thoseofcommoninteresttoYugoslaviaandthe
Community .Article1
TheCommunityshallparticipate,withintheframeworkof
financialcooperationprovidedforintheCooperation
AgreementbetweentheEuropeanEconomicCommunity
andtheSocialistFederalRepublicofYugoslavia,and

31.12.87 OfficialJournaloftheEuropeanCommunities NoL389/67
Yugoslavbanksandthecreditbodiesandinstitutionsof
MemberStatesorofthirdStates,ofinternationalfinance
organizations ,wouldtakepart.Article2
ForthepurposesspecifiedinArticle1andforaperiod
expiringon30June1991,anaggregateamountof550
millionECUmaybecommittedintheformofloansfrom
theEuropeanInvestmentBank,hereinaftercalled'the
Bank'grantedfromitsownresourcesinaccordancewith
thearrangements ,conditionsandprocedureslaiddownin
itsStatute.Article6
Organizations ofassociatedLabourestablishedin
accordancewithYugoslavlaw,whetherornotincluding
foreignparticipations ,shallhaveaccessonequaltermsto
thefinancingearmarkedforfinancialcooperation .
Article7
Theexecution,managementandmaintenanceofprojects
financedwithintheframeworkoffinancialcooperation
betweentheSocialistFederalRepublicofYugoslavia
andtheEuropeanEconomicCommunityshallbe
theresponsibility ofthebeneficiariesreferredtoin
Article3(1).
TheBankshallensurethatitsloansareutilizedin
accordancewiththeagreedallocationsandunderoptimum
economicconditions .Article3
1.TheamountfixedinArticle2shallbeusedtopart
financespecificcapitalprojectssubmittedtotheBankwith
theagreementoftheSocialistFederalRepublicof
Yugoslaviabybanksororganizationsofassociatedlabour
havingtheirseatinYugoslavia.
2.Themajorpartofthisamountshallbeusedtofinance
projectsconcerningtransportinfrastructures ofacommon
interest,inparticularthetrans-yugoslav highwayincluding
itsfeederroadsandtheremainingpartshallbeusedto
financeotherdevelopmentprojects.
3.(a)Projectsshallbeexaminedforeligibilityandloans
grantedinaccordancewiththedetailedrules,
conditionsandprocedureslaiddownbytheBank's
Statute.
(b)LoansgrantedbytheBankshallbesubjecttoterms
astodurationestablishedonthebasisofthe
economicandfinancialcharacteristicsofprojects,
alsotakingintoaccounttheconditionsobtainingon
thecapitalmarketsonwhichtheBankprocuresits
resources .
(c)Theinterestrateshallbedeterminedinaccordance
withtheBank'spracticeatthetimeofsignatureof
eachloancontract.Article8
Allnaturalandlegalpersonscomingwithinthescope
oftheTreatyestablishingtheEuropeanEconomic
CommunityandalllegalpersonsoftheSocialistFederal
RepublicofYugoslaviamayparticipateonequaltermsin
tenderingproceduresandotherproceduresfortheaward
ofcontractslikelytobefinanced.Suchlegalpersons
formedinaccordancewiththelawofaMemberStateof
theCommunityoroftheSocialistFederalRepublicof
Yugoslaviamusthavetheirregisteredoffices,their
administrativeheadofficesortheirprincipalestablishments
intheterritoriesinwhichtheTreatyestablishingthe
EuropeanEconomicCommunity isappliedorinthe
SocialistFederalRepublicofYugoslavia;however,where
onlytheirregisteredofficesareinthoseterritoriesorinthe
SocialistFederalRepublicofYugoslavia,theactivitiesof
suchlegalpersonsmustbeeffectivelyandcontinuously
linkedwiththeeconomyofthoseterritoriesorofthe
SocialistFederalRepublicofYugoslavia .Article4
1.Theamountstobecommittedeachyearshallbe
distributedasevenlyaspossiblethroughouttheperiodof
applicationofthisProtocol.Duringtheinitialperiodof
application,however,aproportionately higheramount
may,withinreasonablelimits,becommitted .
2.Anyfundsnotcommittedbytheendoftheperiod
referredtoinArticle2maybeused,untilexhausted.In
thateventthefundsshallbeusedunderthesame
conditionsasprovidedforinthisProtocol. Article9
Yugoslaviashallapplytocontractsawardedforthe
executionofprojectsfinancedwithintheframeworkof
financialcooperation ,fiscalandcustomsarrangementsat
leastasfavourableasthoseappliedinrespectofmost
favouredstateormostfavouredinternationalorganization
inthefieldofdevelopment .Article5
LoansgrantedbytheBankfortheexecutionofprojects
maytaketheformofco-financinginwhich,inparticular,

31.12.87NoL389/68 OfficialJournaloftheEuropeanCommunities
Article10
Yugoslaviashalltakethenecessarymeasurestoensurethat
interestandallotherpaymentsduetotheBankinrespect
ofloansgrantedinthecontextoffinancialcooperationare
exemptedfromanytaxesofleviesimposedbythefederal
authorities,therepublics,theautonomousprovincesorthe
communalauthorities .
Article11
TheprovisionofaguaranteebytheSocialistFederal
RepublicofYugoslaviaorothersufficientguaranteesshall
berequiredbytheBankasaconditionforgranting
loans.Article14
OneyearbeforetheexpiryofthisProtocol,the
ContractingPartiesshallexaminewhatarrangementscould
bemadeforfinancialcooperationduringapossiblefurther
period.
Article15
ThisProtocolshallbeannexedtotheCooperation
AgreementbetweentheEuropeanEconomicCommunity
andtheSocialistFederalRepublicofYugoslaviasignedin
Belgradeon2April1980.
Article16
1.ThisProtocolshallbesubjecttoapprovalin
accordancewiththeContractingParties'ownprocedures;
theContractingPartiesshallnotifyeachotherthatthe
proceduresnecessarytothisendhavebeencompleted.
2.ThisProtocolshallenterintoforceonthefirstdayof
thesecondmonthfollowingthedateonwhichthe
notificationsprovidedforinparagraph 1havebeen
given.
Article17
ThisProtocolisdrawnupintwooriginalcopiesinthe
Danish,Dutch,English,French,German,Greek,Italian,
Portuguese,SpanishandSerbo-Croatlanguages,eachof
thesetextsbeingequallyauthentic.Article12
Throughoutthedurationoftheloansaccordedpursuantto
thisProtocol,Yugoslaviashallundertaketotakeall
necessarymeasuresinconformitywithitsnational
legislationtomakeavailabletodebtorsenjoyingsuchloans
andtoguarantorsoftheloanstheforeigncurrency
necessaryforthepaymentofinterest,commissionand
otherchargesandrepaymentoftheprincipal.
Article13
Theresultsoffinancialcooperationmaybeexamined
withintheCooperationCouncil.

31.12.87 OfficialJournaloftheEuropeanCommunities NoL389/69
Enfedelocual,losplenipotenciarios abajofirmantessuscribenelpresenteProtocolo.
Tilbekræftelseherafharundertegnedebefuldmægtigede underskrevetdenneprotokol.
ZuUrkunddessenhabendieunterzeichneten Bevollmächtigten ihreUnterschriften unterdieses
Protokollgesetzt.
Ειςπίστωσητωνανωτέρω,οιυπογεγραμμένοι πληρεξούσιοι έθεσαντιςυπογραφέςτουςστο
παρόνπρωτόκολλο .
InwitnesswhereoftheundersignedPlenipotentiaries havesignedthisProtocol.
Enfoidequoi,lesplénipotentiaires soussignésontapposéleurssignaturesaubasduprésent
protocole.
Infedediche,iplenipotenziari sottoscrittihannoappostolelorofirmeincalcealpresente
protocollo.
Tenblijkewaarvandeondergetekende gevolmachtigden hunhandtekeningonderditProtocol
hebbengesteld.
Emfédoque,osplenipotenciários abaixoassinadosapuseramassuasassinaturasnofinaldo
presenteProtocolo.
Upotvrdučega,dolepotpisaniopunomoćenici sustavilisvojepotpisenakrajuovogprotokola.
HechoenBruselas,eldiezdediciembredemilnovecientosochentaysiete.
UdfærdigetiBruxelles,dentiendedecembernittenhundredeogsyvogfirs.
GeschehenzuBrüsselamzehntenDezemberneunzehnhundertsiebenundachtzig .
ΕγινεστιςΒρυξέλλες,στιςδέκαΔεκεμβρίουχίλιαεννιακόσιαογδόνταεφτά.
DoneatBrusselsonthetenthdayofDecemberintheyearonethousandninehundredand
eighty-seven .
FaitàBruxelles,ledixdécembremilleneufcentquatre-vingt-sept .
FattoaBruxelles,addìdiecidicembremillenovecentottantasette .
GedaanteBrussel,detiendedecembernegentienhonderd zevenentachtig .
FeitoemBruxelas,emdezdeDezembrodemilnovecentoseoitentaesete.
SačinjenouBrislu,desetogdecembrahiljadudevetstotinaosamdesetisedme.

NoL389/70 OfficialJournaloftheEuropeanCommunities31.12.87
PorelConsejodelasComunidadesEuropeas
ForRådetforDeEuropæiskeFællesskaber
FürdenRatderEuropäischenGemeinschaften
ΓιατοΣυμβούλιοτωνΕυρωπαϊκώνΚοινοτήτων
FortheCounciloftheEuropeanCommunities
PourleConseildesCommunautés européennes
PerilConsigliodelleComunitàeuropee
VoordeRaadvandeEuropeseGemeenschappen
PeloConselhodasComunidades Europeias
ZaSavetEvropskihZajednica

31.12.87 OfficialJournaloftheEuropeanCommunities NoL389/71
PorelConsejoEjecutivoFederaldelaAsembleadelaRepúblicaFederativaSocialistade
Yugoslavia
ForDetFøderativeEksekutivrådforDenSocialistiskeFøderativeRepublikJugoslaviensFor­
samling
FürdenFöderativenExekutivratderVersammlung derSozialistischen FöderativenRepublik
Jugoslawien
ΓιατοΟμοσπονδιακό ΕκτελεστικόΣυμβούλιοτηςΟμοσπονδιακής Σοσιαλιστικής Δημοκρα­
τίαςτηςΓιουγκοσλαβίας
FortheFederalExecutiveCounciloftheAssemblyoftheSocialistFederalRepublicof
Yugoslavia
Pourleconseilexécutiffédéraldel'assembléedelarépubliquesocialistefédérativede
Yougoslavie
PerilConsiglioesecutivofederaledell'Assemblea dellaRepubblicasocialistafederativadi
Iugoslavia
VoordeFederaleExecutieveRaadvandeVergaderingvandeSocialistischeFederatieveRepubliek
Joegoslavië
PeloConselhoExecutivoFederaldaRepúblicaSocialistaFederativadaJugoslávia
ZaSaveznoIzvršnoVećeSkupštineSocijalističkeFederativneRepublikeJugoslavije