It is Bosnian, a very beautiful song indeed
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I have found the translation of this song in English. That is the best I could do, my French is really horrible :P!
Moj dilbere, kud se šećeš
My darling, where are you walking
Haj što i mene ne povedeš
come on why don't you take me (there) too
OR why don't you take me with you
Povedi me u Äarsiji
Take me downtown
Haj pa me prodaj pazardžiji
come on,sell me to the byer
Uzmi za me oku zlata
take me for a piece of gold
Haj pa pozlati dvoru vrata
come on,cover the door of the castle with gold