Category Archives: Economy

HoR Will Discuss Fuel Tax Legislation in Expedited Procedure

An extended collegium of the Bosnian parliament’s lower house confirmed that the new law on fuel tax – previously okayed by the upper house – will be discussed in the next house session in expedited procedure, unleashing a storm of criticism from the opposition. Continue reading HoR Will Discuss Fuel Tax Legislation in Expedited Procedure

Sarajevo Airport Overhaul Starts with Demolition of Old Terminal

Demolition of the Sarajevo airport’s Terminal A, built in the sixties, started on Tuesday to make room for expanding the Terminal B. The works are part of an overhaul of the SJJ.

Continue reading Sarajevo Airport Overhaul Starts with Demolition of Old Terminal

Resistance to Privatization of Government-Controlled Companies Remains Strong, Report Says

A comprehensive set of reforms in Bosnia, known as the Reform Agenda, needs to be kick-started again in 2018, an annual analysis suggested. The main short-term priority in 2018 is to get the International Monetary Fund loan program back on track and complete the long-delayed first review by implementing the necessary prior actions, said the European Bank for Reconstruction and Development in its 2017-2018 transition report. Continue reading Resistance to Privatization of Government-Controlled Companies Remains Strong, Report Says

Reforms Will Unlock Loan Deal with IMF

The International Monetary Fund warned Bosnia that it must meet the terms of its loan arrangement with the lender to get the program back on track and boost economic growth and job creation, reported Reuters. The IMF halted the 550 million euro stand-by loan program in February after Bosnian authorities failed to carry out economic reforms agreed in November last year. Continue reading Reforms Will Unlock Loan Deal with IMF

EBRD Okays Loan for Microfinance Organization

The European Bank for Reconstruction and Development said it approved a €4 million loan for on-lending to local private businesses to a Bosnian microfinance organization. Mikrofin currently has a network of 75 branches in Bosnia and working with the lender will allow the EBRD to widen and deepen its outreach to extend finance where it is often needed most, the Bank said. Continue reading EBRD Okays Loan for Microfinance Organization

Ski Park Company and Government Spar over New Ski Pass Prices

Prime Minister of the Sarajevo Canton said his government will ask a company that runs Sarajevo’s ski areas where the 1984 Olympics competitions were held to revert the ski pass prices that went up ahead of the ski season. Continue reading Ski Park Company and Government Spar over New Ski Pass Prices