Bosnia Economy – FK Leotar Fri, 14 Jan 2022 14:54:00 +0000 en-US hourly 1 Bosnia Economy – FK Leotar 32 32 Telekom Srbija accelerates digital transformation in Serbia Fri, 14 Jan 2022 14:54:00 +0000

BELGRADE, Serbia, January 14, 2022 /PRNewswire/ — Telekom Srbija, the leading TMT in the Western Balkan region, today announces its efforts to accelerate the digital transformation of the Serbian economy and society, in line with national digitization priorities set out in the Serbian digital diary. In 2022, the company will focus on rolling out the 5G network. He will also continue his 25 million euros investments for start-ups in multiple sectors, while deepening its cooperation with Vodafone, covering Serbia, Montenegro and Bosnia and Herzegovina, to provide access to all important resources in the field of digital transformation.

A 5G spectrum auction is planned for mid-2022, followed by the implementation of the 5G network at Telekom Srbija by the end of the year. Recently, on December 15, 2021, the European Investment Bank (EIB) announced that it would lend 70 million euros to Telekom Srbija for the deployment of the 5G telecommunications network and the extension of the existing 4G network across the Republic of Serbia, recognizing us as a key market leader in the region. The EIB loan will allow 60% of Serbian residents to access the latest 5G network and extend the benefits of the 4G network to almost everyone in the country.

At the beginning of last year, Telekom Srbija established its first venture capital fund for start-up ideas, aimed at investing 25 million euros over the next five years, which means that Telekom Srbija will invest five million euros per year for start-ups in Serbia and the region. In 2022, Telekom Srbija, through its CVC fund, will continue to invest heavily in multiple business areas such as AI, Big Data, FinTech, E-commerce, IoT, Media and telecommunications, AdTech, B2B/B2C, SaaS, blockchain, etc.

The company’s cooperation with Vodafone, covering Serbia, Montenegro and Bosnia and Herzegovina, will enable the company to increase the efficiency of its operations, optimize its costs and improve the customer experience in the coming year. These are all key strategic priorities for Telekom Srbija.

Vladimir Lučić, CEO of Telekom Srbija, said: We see digital opportunities as a big part of a more sustainable future for the Serbian economy and society. This will allow us to increase the efficiency of our operations, optimize costs and improve the customer experience, which are our main strategic priorities. Digitization can unlock unlimited potential and hidden revenue for businesses and public administration by freeing up resources for more crucial tasks. I am convinced that investing in digital technology and innovation can bring tangible results and take positive steps towards a greener and more resilient future for our customers, investors and partners.”

Learn more about Telekom Srbija at:

SOURCE Telekom Srbija

Record year for taxpayer payments in Bosnia and Herzegovina – Sarajevo Times Wed, 12 Jan 2022 08:30:42 +0000

At the time of difficult economic, politicalsocial, and the health conditions in our country, the Federation Tax Administration can claim to have been extremely successful. Last year was a banner year for this institution in terms of taxpayer payments, which amount to over 5 billion and 600 million BAM.

Given that the capacity of the tax system determines the capacity of the state, through regular tax payments, taxpayers expanded, increased, and strengthened the capacity of the state and thus contributed to creating the conditions for a better life for all citizens.

“This is the largest amount of government revenue paid by the jurisdiction of the tax administration since it has existed. If we compare the government revenue payments of this year and previous years, we can conclude that the government revenue collection in 2021 is higher than the previous year just over 485 million or 9.44 percent”Noted Serif Isovicdirector of tax administration of the Federation of Bosnia and Herzegovina (FBiH).

The filling of the State treasury was also ensured by the increase in the number of tax systems, the number of tort orders, as well as the debt on payment orders. the The Federal Tax Administration has declared that it will continue its activities aimed at reducing the gray economy and strengthening fiscal discipline.

“We urge taxpayers to meet their tax obligations on a timely basis as it is the safest way for them to do business and it is much better to spend the money they would spend on fines or interest on their development. , their investments, and salAries to the workers. Isovic pointed out outside.

At the end, Isovic highlighted special gratitude to the citycitizens who have submitted more than 1.000 reports in 2021 and helped with their information to discover various forms of irregularitiesties. Therefore, the tax of the FBiH Administration invites citizens to report non-compliance with tax laws, employment of unregistered workers, non-issuance of tax invoices, and other corrupt acts.


Source: Federalna

The pandemic in 2022: what is the state of play of COVID-19? Mon, 10 Jan 2022 18:46:40 +0000

The COVID-19 pandemic has reached all regions of the planet, with nearly 300 million recorded cases and 5.5 million deaths. With many asymptomatic cases and uneven intercourse, the actual statistics are likely to be much higher.

A year ago, there was a lot of hope and fanfare as the world began to roll out the much anticipated and ambitious vaccination campaign – the fastest in history. In 2021, at least 197 countries administered more than 9 billion doses of COVID-19 vaccines, but the pandemic is far from over.

Progress in global vaccine deployment has been uneven and hampered by supply issues, export bans and vaccine hoarding as wealthier countries rushed to secure limited supplies.



According to Our World in Data, the country administering the most doses is China, with nearly 3 billion vaccinating 84% of the population. India is second, with 1.5 billion doses, vaccinating 44% of the population. The United States comes in third, with more than 500 million doses, vaccinating 64% of its population.

In 2021, Europe has made an ambitious vaccine effort with many countries reaching the important 70% of their populations, which scientists say will give herd immunity and beat the virus. But within Europe, the picture is mixed. Countries like Spain, Denmark and the UK have fully immunized over 85 percent of their population, while smaller countries like Gibraltar have reached 100 percent.

However, several European countries are struggling to protect their populations, including some eastern European states where vaccination rates are still below 50%. Earlier in 2021, vaccine supply problems hampered countries like Bulgaria, Romania and Bosnia and Herzegovina, but, according to the British medical journal, efforts were also hampered in Bulgaria by mistrust of the government, corruption scandals and a lack of confidence in the immunization program – which was amplified by social media.

The Romanian government has also struggled with immunization levels below half of the EU average until 2021, as communication efforts have failed to motivate the population or engage marginalized communities such than the Roma, who represent around 10% of the population and who are often reluctant to be vaccinated. . This triggered a European Commission vaccination campaign in December 2021 to support the efforts of national authorities in Romania.


Fight alone

By the start of 2022, 75% of COVID-19 vaccines had been distributed in just 10 countries around the world. This disparity has led to large swathes of the world going unvaccinated. The World Health Organization, GAVI and CEPI are leading the COVAX initiative to try to ensure that vaccines reach people around the world. Amid vaccine nationalism, export bans and supply chain problems, it has failed to meet its vaccination targets: the original target of delivering 2.2 billion doses by January 2022 has was reduced in September to 1.4 billion.

In May 2021, the Director-General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, predicted: “The longer we wait to provide vaccines, tests and treatments to all countries, the longer the virus will be. will take hold, the more the potential for variants emerges, the more ineffective today’s vaccines are likely to become and the more difficult it will be for all countries to recover. “

Unfortunately, his warning was not heeded and the virus was unleashed in unvaccinated populations, mutating several times, and more dangerous variants appeared. In India in early 2021, what came to be known as the Delta variant appeared. More easily transmitted and much more deadly, it has quickly spread throughout Europe and the world to become the dominant strain by the end of 2021.

As of January 2022, most of Europe and the United States are facing massive disruption trying to navigate the new variant of Omicron, which emerged in Central Africa and was first sequenced in South Africa. South in November 2021. Disruptive mutations make Omicron much more heritable and within two months it has become a dominant strain worldwide. Once again, COVID-19 has damaged wealthy economies and threatens to put European health systems under immense strain.


The economic cost of vaccine nationalism

The consequences of not controlling COVID-19 go beyond health safety and deaths. The inability to contain the pandemic is also an economic headache. In early 2021, a study commissioned by the International Chamber of Commerce Research Foundation found that the global economy stood to lose as much as $ 9.2 trillion if countries pursued a policy of vaccine nationalism and failed to protect the poorest nations. Up to half of the loss would fall on advanced economies blocking vaccine distribution, he warned.

Although the economic benefits of a more equitable distribution of vaccine deployment would eclipse the costs, by 2021 many governments chose to vaccinate their populations first and a very inequitable distribution of vaccines emerged – in 2022, only 1 percent. 100 of the doses had been administered in low-income countries.

In an October 2021 statement, the United Nations Conference on Trade and Development said the pandemic “will continue to undermine global and regional supply chains … unless access to vaccines is increased in developing countries as production systems are interconnected “.


Work together

As of January 2022, the world is still battling the pandemic, but important lessons have been learned about how countries are interconnected.

Leading scientists agree that the solution to beating the coronavirus lies in the ability to collaborate and fund the global immunization campaign. There is general agreement that the main lesson for 2022 is that countries need to share their knowledge, resources and expertise, while healthcare workers and governments need to communicate effectively with their populations, including communities. marginalized for whom access to health care may be difficult. The challenge will be to implement this lesson.

Another glaring inequality highlighted last year has been vaccine manufacturing, which is mostly concentrated in the United States and Europe. Many are calling for efficient technology transfer and strengthening of manufacturing processes so that vaccines can be distributed more equitably in the future.

A voice and an opportunity for all – OpEd – Eurasia Review Fri, 07 Jan 2022 00:12:04 +0000

IAt the beginning of October 2021, during the Slovenian presidency of the European Union (EU), an EU-Western Balkan countries summit was unsuccessfully organized in Brdo pri Kranju, as part of the EU’s strategic cooperation with the Western Balkans . The summit reaffirmed the words of the Serbian president Aleksandar Vučić (SNS) since the outbreak of the Covid-19 pandemic, when he declared that the EU “was a fairy tale on paper“And underlined that”there is no great international or European solidarity.

The EU’s lack of interest in enlargement prompted the leaders of the Western Balkan countries to reflect on the future and seek optimal solutions to the complex situation. Recognizing the situation of the Balkan countries with regard to the enlargement of the EU to the Western Balkans, three leaders, Serbian President Aleksandar Vučić, Prime Minister of North Macedonia Zoran Zaev (SDSM) and the Albanian Prime Minister Edi Rama (PS) decided in October 2019 to “take fate in hand“And launched a visionary idea of ​​establishing a”mini Schengen.“At the end of July 2021, this idea evolved into a regional initiative”Balkan open.The initiative does not replace EU membership, but a path to accelerated membership and the use of existing but underutilized potential, which will facilitate economic prosperity.

Leaders of the regional cooperation initiative “Open Balkan”Met on December 21, 2021 in Tirana / Elbasan to sign several agreements that will facilitate the movement of people, goods, capital and services between the three countries, as well as facilitate business operations. They signed an agreement on work permits which will make it easier for workers from Albania, North Macedonia and Serbia to obtain work permits and necessary documents. The Integrated Electronic Systems Agreement is expected to allow citizens of the three countries to file applications in other countries from any location. In addition, the four agreements relating to veterinary and phytosanitary inspections, which have also been signed, will facilitate trade in livestock, as well as products of plant and animal origin.

Good neighborliness and bilateral relations are the key to economic prosperity

Eeconomic prosperity is unimaginable without good neighborly relations and regional cooperation. The majority of merchandise trade takes place in the region, which is a strong incentive to improve bilateral and regional relations. There is no leadership and prosperity in an insecure and suspicious neighborhood. As in recent history the region has experienced tragic armed conflicts, it is important that States provide for an adequate confrontation with the past and eliminate the rhetoric of hatred that creates tension and discourages regional cooperation. Therefore, it is important to put an end to the abuse of universal jurisdiction over the prosecution of war criminals and to allow legal proceedings to be carried out in the State in which the respective crime was committed and / or in accordance with to a negotiated agreement between states, without secrecy or unilateral arrest warrants and arrests. The unilateral referral of war crimes cases from Serbia to justice in Bosnia and Herzegovina is a new practice and a positive contribution to the process of facing the truth and developing mutual trust.

Analysts believe that “Open Balkan”Initiative is a regional initiative for the Balkans for the 21st century, because it will eliminate border controls and other barriers to facilitate movement (people, goods, capital and services) in the region, will allow citizens to travel using only their identity card as a travel document. In addition, the initiative will also allow citizens to find employment anywhere in the region, if they have proof of their qualifications, as well as the recognition of diplomas and better cooperation in the fight against organized crime and response to natural disasters. The experience of the Covid-19 pandemic has shown the importance of cooperation, and the current energy crisis the importance of mutual solidarity. The exchange of experiences and the assistance provided between the countries of the region in the context of integration into the EU are valuable.

Open Balkan Initiative – a voice and an opportunity for all

WThe countries of the Western Balkans must establish political, economic, scientific, cultural, sporting and any other more solid form of cooperation and act towards the EU as a group of countries with clearly defined demands and interests. As for the EU enlargement process, it is necessary to define when enlargement will actually take place, as the EU cannot postpone enlargement indefinitely. In this context, it is important to stress that regional cooperation does not imply that the countries of the region have abandoned their European path and their accession to the EU.

Serbian President Aleksandar Vučić called all members of the “six of the Balkans” (Bosnia herzegovina, Montenegro, Kosovo, North Macedonia, Albania and Serbia), to join the “Open Balkan», Independent initiative of all the differences that exist on the question of the recognition of the independence of Kosovo.

In its operation the “Open Balkan”The initiative can build on the experiences of cooperation within the so-called Visegrad Group States (Hungary, Poland, Czech Republic and Slovakia), which often pursue a common approach within the framework of the EU with clearly articulated demands and positions. In addition, the Visegrad Group (V4) was formed so that the respective countries could become members of the EU and NATO more easily and quickly, which they achieved. Therefore, it is important that the countries of the region pursue a common EU approach and / or other foreign policy initiatives with one voice, as the actions of individual countries are insufficient and do not guarantee success. .

Kosovo, the most isolated region in Europe

Pproblems of regional cooperation are still present in the Western Balkans. Prime Minister of Kosovo Albin kurti (LVV) refused to participate in the “Open the Balkans” initiative on the pretext that Kosovo already has a clearly defined path, which is membership of the EU and NATO. In fact, Kosovar officials, including Kosovar Prime Minister Kurti, said it was an attempt to establish a Fourth Yugoslavia and “greater Serbia ”. Montenegrin President Milo Đukanović (DPS) and some leaders of Bosnia and Herzegovina have advanced similar reasons for refusing membership in the initiative. It is surprising that the current Montenegrin government, which still has not significantly deviated from the policies and positions of Milo Đukanović, has taken a similar position. At the same time, some political leaders in the region believe that the initiative aims to create “greater albania. “

Current Albanian President Ilir Meta (LSI) said “[the project for] greater Serbia has failed, and that of greater Albania is not possible. ”

The dissemination of information on so-called hegemonic projects, whether they are projects for a greater Serbia, a greater Albania, a greater Bulgaria, a greater Hungary or a greater Croatia, dissuades the region from pursuing the necessary cooperation in all areas and create the spirit of cooperation and solidarity

Analysts believe Kosovo is the most isolated area in Europe. Namely, Kosovo does not have a visa waiver regime with EU member countries. In fact, it doesn’t even have a visa-free regime with Bosnia and Herzegovina, which is causing enormous damage to Kosovo and its citizens. The leaders of Kosovo must be aware that cooperation must be established and solidarity built in the region, because on the world stage the actors are the regions and not the states. The EU is regional integration, while “Open the Balkans” is an economic pole in the making. It is no longer a question of will, but when will the remaining countries join the “Open the Balkans” initiative, because any delay will entail enormous losses for their economies and for businessmen, who, as taxpayers, pay the most for the budgets of their respective countries. It is unacceptable that Kosovo declares a two-month state of emergency due to the electricity shortage, instead of being able to ask for help on the basis of solidarity within the “Open the Balkans” framework.

No prosperity without proximity and friendliness

THere, there can be no economic prosperity if good neighborly relations are not developed and cultivated. The leaders of Serbia, North Macedonia and Albania were fully aware of this when they launched the “Open the Balkans” regional initiative in a historic attempt to promote proximity, cooperation and unity. The prospects for the Western Balkans are based on mutual understanding, interconnection and cooperation. Achieving the three requires lasting peace and stability. When the six Western Balkan countries take a common approach and speak with one voice to the EU, this will be a new quality and a new strength. Many opportunities for synergy and cooperation have remained untapped. The economy of scale is an important element in the framework of regional cooperation. “Open the Balkans” is an emerging economic hub and will create a competitive advantage for member countries and the region. “Open BalkanIs a peace project. It is a choice between the past and the future. At the Tirana summit, Serbian President Aleksandar Vučić said: “think less about the past and more about the future.” Kosovo, Bosnia and Herzegovina and Montenegro have yet to be convinced.

Bosnian economic expansion continues in third quarter Wed, 05 Jan 2022 10:49:28 +0000

The figures

Photo by Feng Yu /

Bosnia and Herzegovina‘s gross domestic product (GDP) grew 8.4% year-on-year in the third quarter of 2021, following an 11.6% increase in the previous quarter, according to data released by the Statistics Agency of Bosnia and Herzegovina (BHAS) based in Sarajevo. show.

It was the third consecutive quarter of expansion after a pandemic-induced recession last year.

The largest increases were recorded in accommodation and catering activities (30.5%); transport and storage (22%); and wholesale and retail trade, repair of motor vehicles and motorcycles (18%).

On a seasonally adjusted quarterly basis, the economy grew 1.7%, following a 1.9% increase in the second quarter.


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The four strategic challenges of 2022, by Austin Bay Wed, 05 Jan 2022 03:00:52 +0000

At the start of 2022, four strategic challenges to the post-WWII international order generate psychological ambiguity – that is, simple human fear – which promotes ethnic and sectarian slaughter and sows gender. bloody “proxy” wars that degenerate into major regional wars.

Warning to all who care about planet Earth: when major regional wars entangle great powers (examples: United States, China), you are betting your life and that of a billion others that world war is one panic button.

Here are the four challenges, and they’re out of order:

Challenge # 1: The imperialist powers bent on reclaiming lost empires (and realizing the grandiose dreams of their current rulers.)

Challenge # 2: failed states, failed states and utterly bogus states plunged into anarchic violence that spills over political borders. (Note: To collapse means to collapse. In false states, local thugs control the capital, the UN headquarters, and nothing else.)

Challenge # 3: Radical, militant, megalomaniac dictatorships attempting to acquire weapons of mass destruction (nuclear, chemical, biological) and the ways and means to use them to kill with lethal surprise that changes history.

Challenge # 4: Widespread corruption of influential but venal individuals and venal institutions in democratic nations. Corruption is so corrosive within these countries that the timely and effective political and military response to Challenges 1-3 is systematically delayed, compromised or immobilized.

The first three challenges on this list are common knowledge in some form, shape, or fashion.

Challenge n ° 4? Not really.

The 20th century was ravaged by the wars of imperial conquest led by Nazi Germany, fascist Italy, Communist Russia (under the guise of the USSR) and Japan (ethno-imperialism).

In the 21st century, China and Russia embody Challenge # 1. President Xi Jinping’s 2022 Communist China claims territories that Xi said belonged to Chinese emperors. The South China Sea. The Himalayan passes and the valleys beyond Tibet. Ultimately, Siberia and Mongolia will be in his sights.

Hidden from the world, or at least from the mainstream Western media, is China’s hideous racist dimension. Xi’s propagandists believe in the racial superiority of the Han ethnic group. The Han constitute about 85% of the Chinese population.

Russia invaded Ukraine in 2014 and its slow war of aggression has never ceased. Russia is now an ethno-nationalist nation-state with oligarch-socialist tendencies led by a nationalist dictator, Vladimir Putin. Putin, a nationalist socialist, wants to recreate the USSR, which was Imperial Russia with a blanket of Communist propaganda.

Iran is challenge # 3 with nuances of challenge # 1. Ayatollah’s dictatorship has Iranian imperial ambitions, based on the Iranian (Persian) empire circa 400 BC.

In truth, militant Islamist terrorism as carried out by Al-Qaida and the Islamic State is also imperialist. Osama Bin Laden called for a world caliphate.

Challenge # 2: In a recent article on, publisher James Dunnigan wrote, “Wars tend to occur in nations that are poorly, if at all, governed. It usually means corrupt rulers and a corrupt economy which is unable to provide for the welfare of the people … “

These failing and failed hells lack civic associations (beyond ethnic, religious and political kinship) that encourage “practices that create widespread trust …” Without them, the result is “a chaotic area mired in turmoil. war and chaos “. (Think of Congo, Bosnia and Lebanon, etc.)

Challenge # 3: Add North Korea to Iran. Kim Jong Un still wants nuclear weapons.

Challenge n ° 4: Democracy is a perpetual building site. As they are changing, democracies are vulnerable – to scary headlines, intellectual property theft, propaganda and corruption.

Main Responsibility for Challenge 4: In 2021, we saw Ivy League professors convicted of selling their talent to China and trying to hide it. There is ample evidence that Chinese conglomerate Huawei is operating as a spy asset. In October 2020, the Washington Free Beacon published an investigative article detailing the years of “sympathetic” coverage of Huawei Technologies by The Economist magazine.

Coincidence? I do not think so.

How far does the corruption of democratic will and capacities go? We need to know – now.

To learn more about Austin Bay and read articles from other Creators writers and designers, visit the Creators Syndicate webpage at

Photo credit: Defense-Imagery at Pixabay

BiH exports increased by BAM five billion in ten years – Sarajevo Times Sun, 02 Jan 2022 08:30:26 +0000

Same although Bosnia and Herzegovina (BiH), like many other countries, is still facing the consequences of the coronavirus pandemic, the country achieved a significantly better export balance in 2021 than in previous years, reports the Anadolu Agency (AA).

According to the Statistical Agency of Bosnia and Herzegovina, during the period January-November 2021, BH exported goods worth about 12.9 billion BAM, i.e. 34.8% more than at the same time last year.

In this period, imports amounted to 19.4 billion BAM, 26.5% more than in the first 11 months of last year. The coverage of imports by exports was 66.3%, while the foreign trade deficit amounted to 6.55 billion BAM.

Imports are also increasing

During the last decade, BH has experienced a steady increase in exports, but also imports of many products from other countries.

According to data from the Statistics Agency of Bosnia and Herzegovina, exports of Bosnia and Herzegovina in 2012 amounted to 7.8 billion BAM, whileimports were about 15.2 billion BAM. Coverage of imports by exports amounted to 51.5% and the foreign trade deficit to 7.4 billion BAM.

The next year, BH goods exported worth about 8.4 billion BAM and realized imports of 15.2 billion BAM, thus the coverage of imports by exports amounted to 55.2%, while the foreign trade deficit was around 6.8 billion BAM.

In 2014, BiH exports amounted to 8.7 billion BAM, and imports 16.2 billion BAM. Coverage of imports by exports amounted to 53.6%, and the foreign trade deficit to 7.5 billion BAM.

In 2015, the value of goods exported by BiH 8.9 billion BAM and imported 15.8 billion BAM, bringing the coverage of imports by exports to 56.7%, while the foreign trade deficit amounted to 6.8 billion BAM.

In the following years, the growth of exports increased, as did imports into Bosnia and Herzegovina. According to official data, in 2016, BiH exports amounted to 9.4 billion BAM, and imports amounted to 16.1 billion BAM. The coverage of imports by exports amounted to 58.3%, while the deficit of foreign trade has been 6.7 billion BAM.

The following year, BiH exported goods worth 11.05 billion BAM and imported about 18.2 billion BAM, thus the coverage of imports by exports amounted to 60.8 percent, and the foreign trade deficit amounts to 7.1 billion BAM.

In 2018, BiH exports amounted to 11.9 billion BAM, and imports to 19.2 billion BAM. Coverage of imports by exports was 61.7%, and the foreign trade deficit was around 7.3 billion BAM.

In 2019, BiH exported goods worth around 11.5 billion BAM and realized imports of 19.5 billion BAM, which covered the coverage of imports by exports was 58.9%, while the foreign trade deficit amounted to about eight billion BAM.

In a decade, exports have increased by about five billion BAM

Corn, in 2020, due to the coronavirus pandemic, BH recorded a decline in exports and imports. According to data from the Statistics Agency, last year BiH achieved exports of 10.5 billion BAM and imports of 16.9 billion. The coverage of imports by exports was 62.3% and the foreign trade deficit was about 6.3 billion. BAM.

Although in previous years, outraged exports, imports in BiH also increases, the fact that the foreign trade deficit amounted to 6.5 billion BAM is encouraging, which is for example significantly lower than in 2012, when it was around 7.4 billion BAM.

Moreover, if we only look at exports, it is clear that exports have increased significantly over the last decade, since BiH achieved exports in 2012 worth 7.8 billion dollars. BAM, in 2015 8.9 billion BAM, in 2018 11.9 billion BAM, and during this year more than 12.8 billion BAM.

As a result, BiH’s exports increased by around five billion BAM over the past ten years. In contrast, imports into Bosnia and Herzegovina increased by 4.2 billion BAM in the same period.

Experts to believe that several factors led to a significant increase in exports from BiH to a number of countries, including overcoming the crisis in the European Union (EU), after the pandemic hit many countries.

Ahmet Egrlic, President of the Chamber of Foreign Trade of BH, told AA that the end of the crisis caused a strong demand in the euro zone, after which BiH took market share in the EU, where it exports more than 72 percent of its total exports.

“In addition, the building of national capacities, the competitiveness of national companies have allowed us to rank among the priorities of the supply chains, of course., we speakon what we have, and that generated more than 3.2 billion BAM increased exports in the first 11 months of this year compared to the same period last year. I hope that by the end of the year we will have to be nearly 15 billion BAM, which shows that this is a record year compared to all previous years and this Actually surpassed the 2019 record ”, Egrlic underline.

Competitiveness of companies

He noted that the fact that more than 72 percent of BiH’s exports go to EU countries speaks volumesthe competitiveness of companies in Bosnia and Herzegovina.

“BiH’s products are first competitive in terms of quality, they are of very high quality, then the price can be imposed on the world market and certainly BiH can be proud of our metal, wood sector, because the BiH furniture regularly receives gold medals. and plates at fairs in Germany. Our leathers, textiles, and the footwear industries are developing steadily, our processing capabilities are fully export oriented and this is what gives us chance and hope and I urge the authorities to invest more in reforms and create a more favorable business environment to increase our competitiveness ”, he declaresD.

He underlined that in this sense it is very important to work even more on the development of roadss and any other infrastructure within BiH.

It is more expensive to reach the border than it is from the border to a destination for the delivery of goods. Very risky transport, expensive transport leads to certain difficulties, but also excessive charges, taxes, and employee contributions are slowing us down because higher net wages must be expected in companies. It is expected that the economy will be relieved Next year so that workers are satisfied with their income, ” has mentioned Egrlic.

As he explained, the metals sector is traditionally the sector in which BH has the largest exports to the world.

“About 40 percent of total exports come from the metals sector. It is also the most promising sector, but I would not ignore all the other sectors, which are also very promising, such as the wood industry, the production of furniture where we do better results, then textiles, leather, shoes. These are companies spread throughout BiH and registering excellentresults. What would be very important for us is to create an environment, to look to the economy, to see How? ‘Or’ What pThe politicians to try build a better image of BH in the world, at See how beautiful messages Are sent from here, ”Egrlic underline.

In addition, hea added that it is possibleable to work on reducing importsso that BiH citizens have turned more to the purchase of national products.

A chance for BiH

“Our manufacturing industry imports a lot of raw materialserals. What is important to mention do cars are in the first place, new, used, and that we cannot compensate with Domestic production. But we also import a lot of quality products that we have sufficient quantities of BiH. We import more than 130 million BAM water, and we have excellent water, etc. In this sense, it is a good message for our consumers of buy domestic, ”said Egrlic, noting that it is necessary to molast the capacities and that the BH the economy needs more incentives and soft loans.

“Now we have to seize the opportunity when supply chains are disrupted, when shipments from the Far East have increased fivefold, when Europe looks to itself.f and its neighbors, BiH and the area should now look for a chance to jump in this supply chain, to increase competitiveness and take a more important place in the market for 500 million inhabitants. I believe it’s time to turn to ourselves and what we’re living on. If we don’t, we will find that people will leave BiH ”, stress Egrlic, adding that he expects 2022 to be an important year in terms of the implementation of reforms in order to further increase exports and thus further strengthen the national economy.


Source: Federalna

The EU has never been an honest option for us, I believe in the good intentions of the US and UK – Sarajevo Times Sat, 01 Jan 2022 09:30:26 +0000

Reuf Bajrovic
, President of Americaa-European initiative, was intervieweded.

He pointed out that the parliamentThursday’s conclusions on increasing electricity, although they are popular among those who are employers and citizens, in some way violate the laws of Bosnia Herzegovina (BH) and the directives of the European Energy Community.

“BiH simply does not have the right to do such things. With thoseconclusions, we came into direct conflict with what state regulations and European Energy Community regulations are. It is very clear that we, as a member, are not entitled to such measures. There will certainly be some sort of expression, there will be negative reactions from the European Energy Community, as good as the region. BiH is a country which has many advantages, one of which is that we produce much more electricity than we consume. It will certainly be a popular decision within BiH, but I cannot be irresponsible to the public and say it is wonderful. “

Valentin Inzko is a positive person in BiH history

“Eventif he could have reacted much sooner, he finally showed that he try to To do What has been in its power. Inzko is, in my opinion, a positive person in the history of BiH. The thesis that his genocide denial law is the cause of the current crisis is a complete lie. What we see today is that the European Union (EU) is always in a neutral position in public, and does everything in secret to help Dodik and Covic. Milanovic, Orban, Jansa, Eichhorst directly support Dodik, it’s no secret.

I believe in the good intentions of the United States (WE) and the United Kingdom (United Kingdom)

We should build strong relationships with we, UK. I believe in their good intentions. And the German Greens are undeniably normal. They do not look at us from the point of view of the Middle Ages. And we should doe alliances with them. There is no use in the EU for a long time, they have never been an honest option for us. “

The change of High Representative (TIME) was completely unnecessary. I never heard Valentin Inzko say he wanted to go. A circus was made of it, very consciously, for a man to come who pretended he had come on safari.

He doesn’t take his job seriously, he doesn’t want to do anything to punish people who violate Dayton, which is his obligation. I think the plan wto weaken the position ofTIME, to collapse this institution itself as much as possible. And unfortunately they are on a path to success. “

He explained the good news is thatt BiH’s economy is growing and that it could be much better than it is to the right now.

“The ruLaw is a key issue in Bosnia and Herzegovina.

Bajrovic said that according to what was signed in Dayton, the Western powers should sanction those who threaten this agreement.


Source: Federalna

Azerbaijan ranks among the happiest nations in the world Thu, 30 Dec 2021 20:26:09 +0000

Azerbaijan scored high in the hope, happiness and economic expectations categories in the annual global “year-end” survey conducted by Gallup International.

Gallup International (GIA), a Swiss association of survey organizations, measured how often people in different regions and countries feel happy and hopeful, and what their expectations for economic well-being are for the year to come.

Indonesians were found to be the most optimistic, as 76% of the country’s population expect 2022 to be better than 2021. Albania (70%), Nigeria (68%), Azerbaijan (62 %) and Vietnam (59%) followed. Indonesia in the Top 5 of the most promising countries. Meanwhile, Afghans (56%), Turks (56%), Bulgarians (48%), Poles (47%), Czechs (45%) and Pakistanis (41%) do not hope for better. developments. in 2022 and I think next year will be worse than 2021.

Azerbaijan was also in the Top 5 happy countries in the world. The country scored +70 points in the GIA Happiness Index, making the list of the five happiest nations alongside Colombia (+79), Kazakhstan (+76), Albania (+74 ) and Malaysia (+73). Happiness seems to be rarely experienced among people in Ghana (+2 only), Afghanistan (+9), Hong Kong (+11), Iraq (17) and Russia (+18).

Meanwhile, 52% of the Azerbaijani population of over ten million are optimistic about economic prosperity in 2022. Data on economic expectations from the GIA recognized Azerbaijan as one of the top 6 countries. optimistic to the world that expects the economy to continue to grow in the coming year compared to the outgoing year. In addition to Azerbaijan, Nigerians (61%), Indonesia (58%), Vietnam (56%), Albania and India (both 49%) are also convinced to benefit from a best economy in 2022.

According to data compiled by the Asian Development Bank, Azerbaijan’s economy will continue to grow in 2022 despite global economic hardship mainly due to the pandemic. The country’s GDP is expected to grow 2.5% in 2022.

Meanwhile, lower expectations for economic prosperity next year are recorded in Bosnia and Herzegovina and Turkey, where 72 percent of people are pessimistic about the growth of the national economy. The two countries are followed by Bulgaria (64%), Poland (64%), Romania (61%), Afghanistan (60%) and Germany (59%).

Prices rise again, authorities in Bosnia and Herzegovina unanswered – Sarajevo Times Tue, 28 Dec 2021 09:15:28 +0000

Citizens of Bosnia Herzegovina (BH) see price increases in stores every dayYes. Practically, as he has been reportedin recent months everything has become more expensive, especially food.

Last november

The unpleasant surprises of citizens with the prices, but also a situation that is getting out of hand, are confirmed by the Statistics Agency of Bosnia and Herzegovina.

According to Agency data released on Friday, the prices of products and services used for personal consumption in Bosnia and Herzegovina, as measured by the Consumer Price Index, in November 2021, compared to the previous month, increased by 1.2% on average.

Higher prices were recorded in food and non-alcoholic beverages, accommodation and overhead, furniture and appliances, heacare, transport, restaurants

In November, prices of food increased by 1.8%. Food growth in October was 2 percent higher than in September.

However, compared to November of last year, food growth increased 8.5% last month!

Price creep

Marin Bago to Consumers’ Association “Futura” recalled than a crawling growth of prices this was on site for the last ten years, which, he underlined out, is most often unjustified. However, as he explained, ten years ago, the consumer basket was a little over 1,000 BAM, so the 10 percent price increase was not a big blow to citizens. Corn, now that the cthe consumer’s basket is greater than 2,000 BAM, the 10 percent increase is very visible and, as he said, is in fact unbearable.

Bago declared that such situations are a red alarm all over the world for government structureses, who respond immediately with intervention measures. Unfortunately in BiH he noted, that is not the subject.

It’s a defeat of the economy, of politics, and management, simply a defeat of everything, and it must be said. In fact, it is very frustrating that even today nobody talks about measures, but about war and tensions, which means that the prices will increase even more. Economics and biology do not know calendars, and we will see that at thvery early next year, ”he said.

Price increase

The average price of rice per kilogram, according to the Statistics Agency, was 3.2 BAM in November, and wheat flour bread 2.5 BAM per kilogram. On average we paid 23.5 BAM for a kilobutter ram last month, 14.7 BAM for boneless beef, 1.4 BAM for a liter of milk in a tetra pack, and 1.5 BAM for a kilogram of sugar.

When it comes to fruit, the average price of bananas per kilogram was 2.2 BAM, apples 1.7 BAM, and as for vegetables – one kilogram of beans cost on average 5.3 BAM, ppotatoes 1.3 BAM and onions 1.4 BAM. The average price of ground coffee per kilogram was 15 BAM and honey 18.4 BAMr.


Source: Avaz