Sarajevo Prime Minister Huso Hadzidedic, has been holding talks with Italian fashion retailer Benetton over its proposition to privatise the state-owned department store Sarajka.

According to reports in the Oslobodjenje Newspaper, Benetton plans to invest around 60m DEM ($27.4m) in modernising the store and securing jobs for around 350 people.

Benetton is expected to have filed its bid for the store when the tender opens on 24 April.