Economics October 2017

The growth of foreign investments in BIH in the second quarter reached the amount of KM 386.7 million (FIPA BIH)

Russian company “Zarubežnjeft” and Croatian gas distributor “Plinarco” agreed to sign a contract on construction of a gas pipeline. The BH Gas Company reacted sharply, arguing that such interstate connections may not be built without interstate agreements.

The value of Agrokor-owned companies in retail, agriculture and food is negative for the amount of KN 13.4 billion compared to the capital, i.e. the value of the property is considerably lower than what the former administration of Agrokor presented.

A new operation unit of the Alumina Company was put into operation. The total value of this investment after the completion of the third phase will be KM 8 million, and there will be employed 70 employees.

Mostar has become a new destination for the low-cost German company Eurowings owing to the votes collected in the online survey, and in the coming summer season it will receive a direct line for Cologne.

The Council of Ministers of BiH announced that the indebtedness of the Republika Srpska in 2016 was 57.5 percent of the Entity’s GDP, while the debt of the Federation of BiH in the last year amounted to 35.4 percent of GDP of this Entity, what was among other things stated in the Information of the Directorate for Economic Planning.

The UCC of RS (University of Clinical Center of RS) has announced a tender for the purchase of lending services in the amount of KM 55 million. These funds will be directed to refinancing of existing debts.

The International Monetary Fund (IMF) has downgraded the GDP growth forecast for BIH for this year from 3 percent to 2.5 percent, as predicted in April, according to the latest edition of World Economic Outlook (WEO).

MOSTAR – In less than half a year after the fire, the Bingo shopping center was reopened.

SKOPLJE, October 14th (FENA) – At the VI Regional Summit 100 that took place from October 16th to October 18th in Skoplje, more than 150 business and political leaders from Southeast Europe and regional businessmen said that, in order to improve business of any kind, it was necessary to remove obstacles for better traffic and other connections, as well as to attract foreign investment in the region. The Member of the Presidency of BiH Mladen Ivanić participated in this summit.

Stability of sales and slight growth! Information on the situation on the market of milk and dairy products from 2012 to 2016. The export of milk and dairy products grew by 11 percent in 2016 compared to the year-earlier period. Except for milk, many types of cheese are also sold, but the products that record an increasing demand are yoghurt and sour cream from BiH.

 

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