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Business images of Bosnia and Herzegovina

Economy of Bosnia and Herzegovina

The economy of Bosnia and Herzegovina is a transitional, upper middle income economy. Bosnia and Herzegovina declared independence from socialist Yugoslavia on 1 March 1992. The main trading partners are Germany, Italy, Austria, Turkey and other neighboring Balkan countries.

Top Sectors in Bosnia and Herzegovina

Manufacturing in Bosnia and Herzegovina

Bosnia and Herzegovina has a diverse manufacturing sector, including automotive, metal processing, machinery, textiles, and furniture manufacturing.

Services in Bosnia and Herzegovina

The services sector is significant in Bosnia and Herzegovina, encompassing industries such as tourism, banking, telecommunications, trade, and transportation.

Agriculture in Bosnia and Herzegovina

Agriculture plays a vital role in the economy, with products including grains, fruits, vegetables, livestock, and forestry products.

Mining and Energy in Bosnia and Herzegovina

Bosnia and Herzegovina has considerable mineral resources, including coal, iron ore, bauxite, and copper. The energy sector includes both conventional and renewable energy sources, with a focus on hydropower.

Tourism in Bosnia and Herzegovina

Bosnia and Herzegovina's natural beauty, historical sites, and cultural attractions make tourism an important sector, contributing to economic growth and employment.


Bosnia and Herzegovina - Key Economic Indicators

Exports and Imports

Bosnia and Herzegovina's economy relies on both exports and imports, with exports including manufactured goods, metals, wood products, and agricultural produce. The country exports to various markets, including neighboring countries in the Balkans and the European Union. Imports consist of machinery, equipment, raw materials, and consumer goods, primarily sourced from European countries.

Infrastructure

Infrastructure in Bosnia and Herzegovina includes roads, bridges, railways, and ports. While significant investments have been made in infrastructure development since the end of the Bosnian War, challenges remain, particularly in maintaining and modernizing aging infrastructure. Improving infrastructure is crucial for enhancing connectivity within the country and facilitating trade and economic growth.

Balance of Trade

Bosnia and Herzegovina typically maintains a trade deficit, with imports exceeding exports. The trade deficit reflects the country's dependence on imported goods and the need to strengthen its export base. Efforts to boost exports through trade agreements, investment incentives, and export promotion strategies are essential for addressing the trade imbalance and fostering economic sustainability.

Fiscal policy

Bosnia and Herzegovina's fiscal policy involves government spending and taxation aimed at maintaining economic stability and supporting public services and infrastructure development. Fiscal challenges include addressing budget deficits, reducing public debt, and enhancing revenue collection efficiency. Reforming tax systems and improving public financial management are essential for achieving fiscal sustainability.

Monetary policy

Monetary policy in Bosnia and Herzegovina is managed by the country's central bank, which aims to maintain price stability and support economic growth. The central bank implements measures such as setting interest rates, managing foreign exchange reserves, and regulating the banking sector. Ensuring a stable and predictable monetary environment is crucial for fostering investor confidence and promoting economic development.

Trade agreements

Bosnia and Herzegovina is party to various trade agreements, including the Central European Free Trade Agreement (CEFTA) and the Stabilization and Association Agreement (SAA) with the European Union. These agreements provide preferential access to regional and international markets, facilitating trade and investment flows. Strengthening trade ties through bilateral and multilateral agreements is essential for expanding Bosnia and Herzegovina's export opportunities.

Environmental regulations

Bosnia and Herzegovina is committed to environmental protection and sustainable development. Environmental regulations aim to mitigate pollution, conserve natural resources, and promote eco-friendly practices in industries such as manufacturing, energy, and agriculture. Strengthening enforcement mechanisms and promoting green technologies are key priorities for enhancing environmental sustainability and resilience in Bosnia and Herzegovina.

Tax System in Bosnia and Herzegovina

Capital Gains Tax: Bosnia and Herzegovina imposes a capital gains tax on profits derived from the sale of assets such as stocks, bonds, real estate, and other investments. The tax rate may vary depending on the type and duration of the investment.
Corporate Tax Rate: The corporate tax rate in Bosnia and Herzegovina applies to business profits earned by companies operating within the country. The standard corporate tax rate is applied to taxable income, with variations for specific industries or regions.
Sales Tax: Bosnia and Herzegovina imposes a value-added tax (VAT) on the sale of goods and services. The standard VAT rate applies to most transactions, while certain essential items may be subject to reduced rates or exemptions.
Property Tax: Property owners in Bosnia and Herzegovina are subject to a tax on real estate holdings. The property tax rate may vary based on factors such as the type of property, its location, and its assessed value.
Payroll Tax: Bosnia and Herzegovina levies a payroll tax on wages and salaries earned by employees, which is often used to fund social security programs and other government initiatives aimed at supporting workers.
Tax Deductions and Credits: Bosnia and Herzegovina's tax system includes various deductions, credits, and incentives designed to reduce tax liability for individuals and businesses. These deductions and credits may apply to specific expenses, investments, or activities, providing opportunities for tax optimization.
Tax Compliance: Tax compliance refers to the efficiency and effectiveness of tax collection processes and enforcement mechanisms in Bosnia and Herzegovina. Improving tax compliance is essential for ensuring that individuals and businesses fulfill their tax obligations and contribute to government revenue.
Tax Burden: The tax burden in Bosnia and Herzegovina refers to the overall amount of taxes paid by individuals and businesses relative to their income, profits, or assets. Assessing the tax burden helps policymakers evaluate the fairness and sustainability of the tax system and its impact on economic growth and development.

1967 Live Notices for Bosnia and Herzegovina ....

Showing 1 to 20

Purchase Of It Equipment (2O Pieces Of Computer)
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Ultrasound Apparatus
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Works On Debugging Transmission Line
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Final Care Services Of Medical Waste
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline11 Aug 2025
Office Supplies
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline08 Aug 2025
Purchase Of Parts For Pumps Ksb And Elektrokovina
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline19 Aug 2025
Current Maintenance Of A Social Residential Fund
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Repair And Maintenance Services
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline18 Aug 2025
Healthy Services -Sanitarian Booklets
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Procurement Of Automatic Hematological Analysis Reagent With Possible Determination Of Complete Blood With 5 Modal Distribution Leukocyte Fully -Automated Hematology Analyzer Celltac G Mak 9100 Nihon Kohgen
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Reagents And Consumables For Determining The Blood Groups Of The Republic Of Croatia Phenotypes
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Procurement Of Protective Clothing, Footwear, Uniforms For Firefighters, Deminers And Fto Unit
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Jn-Op-865/2024 Purchase Of Construction Of Ts 110/35/10 Kv Jahorina
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Successive Procurement And Delivery Of Gloves (Sterile And Non -Sterile)
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline11 Aug 2025
Maintenance Of Web Portals And Mail Servers For The Needs Of Avp Sava
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
The Contract For The Procurement Of The Oil Of The Oil
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline19 Aug 2025
Purchase Of Spare Parts For Regular Maintenance Of Automation Plant For The Needs Of The Branch Of The Thermal Power Plant "Kakanj" Kakanj
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline20 Aug 2025
Papers On The Ancillary And Other Facilities - Podopoljak Papers For The Needs Of The Branch Of The Thermal Power Plant "Kakanj" Kakanj
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Procurement Of A Used Working Machine: Excavator, Rovocopic, Caterpillar
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025
Procurement Of Used Motor Vehicles With 4-Wheel Drive (2 Pieces)
country Bosnia and Herzegovina
posting date29 Jul 2025
deadline13 Aug 2025