98/348/EC: Council Decision of 19 May 1998 granting a Community guarantee to the European Investment Bank against losses under loans for projects in the former Yugoslav Republic of Macedonia and amending Decision 97/256/EC granting a Community guarantee to the European Investment Bank against losses under loans for projects outside the Community (Central and Eastern European countries, Mediterranean countries, Latin American and Asian countries and South Africa)

• CELEX: Decision 97/256/EC
• Articles: 3

Article 1

Decision 97/256/EC is hereby amended as follows:

1. in the title, '. . . Asian countries and South Africa.` shall be replaced by '. . . Asian countries, South Africa and the former Yugoslav Republic of Macedonia.`;

2. in the first paragraph of Article 1(1), '. . . Asian countries, in the Republic of South Africa.` shall be replaced by '. . . Asian countries, in the Republic of South Africa and in the former Yugoslav Republic of Macedonia.`;

3. in the second paragraph of Article 1(1):

(a) 'ECU 7 105 million,` shall be replaced by 'ECU 7 255 million,`;

(b) the following fifth indent shall be added:

'- former Yugoslav Republic of Macedonia ECU 150 million,`;

(c) in the final phrase of the second sentence, '. . . Asian countries, and on 1 July 1997 for the Republic of South Africa.` shall be replaced by '. . . Asian countries, on 1 July 1997 for the Republic of South Africa, and on 1 January 1998 for the former Yugoslav Republic of Macedonia.`;

4. the following sixth indent shall be added to Article 1 (2):

'- former Yugoslav Republic of Macedonia.`

Article 2

Corresponding amendments shall be made to the agreement concluded between the Commission and the EIB referred to in Article 5 of Decision 97/256/EC.

Article 3

This Decision shall take effect on the day of its publication in the Official Journal of the European Communities.

Done at Brussels, 19 May 1998.

For the Council

The President

G. BROWN

(1) OJ C 108, 7. 4. 1998, p. 1.

(2) OJ C 152, 18. 5. 1998.

(3) OJ L 102, 19. 4. 1997, p. 33.