Weak and super-sensitive Bosnia and Herzegovina finds security in the European Union, Mirko Šarović, Deputy Chairman of the Council of Ministers and Minister of Foreign Trade and Economic Relations, tells Emerging Europe.
For the economies of emerging Europe, the international economic environment appears generally positive. In 2017-2018, GDP growth in the Euro area is expected to hover at around 1.7 per cent. The international financial markets have stabilised and the current economic mood is improving. Because of the global recovery, the US Fed is expected to increase interest rates further in 2017, while oil prices are likely to rise. In the EU, disbursements from the payments’ cycle of the European Structural and Investment Funds are only just beginning, indicating higher co-financed investments in the Central and Eastern European EU member states (EU-CEE) from this year onwards.
Bosnia and Herzegovina is a country with great potential, but it also faces many challenges. With a population of 3.8 million it is a comparatively small country with a limited market capacity. This means that in order to prosper, the economy must succeed on external markets. Competitiveness and support for regional integration are therefore crucial for strengthening the resilience of the economy of Bosnia and Herzegovina. Continue reading Strengthening the Resilience of the Economy of Bosnia and Herzegovina
The European Commission has been preparing a technical communication that focusses on waste-to-energy (WtE). It aims to explore the opportunities this offers, particularly with regard to the synergies between resource and energy efficiency. The communication was scheduled to be published at the end of 2016 together with the reviewed Renewable Energy Directive. Continue reading The CEE Region Is Making Advances in Prioritising Waste-to-Energy Projects
The global economic environment continues to be challenging. The ‘wounds’ inflicted by the global financial crisis of 2008 have not yet healed completely and world economic growth remains rather subdued. This particularly applies to the advanced countries and especially to the Euro Zone, which is the most important trading partner for the Eastern European countries. Continue reading Are Labour Shortages Driving Economic Growth?
“Republika Srpska (RS) is a state and Russia is its ally”. Milorad Dodik, the president of the predominantly Serb entity within Bosnia and Herzegovina, is not someone known for mincing his words. Continue reading A Bosnian Referendum Shows Russia’s Influence in the Balkans—As Well As Its Limits
Almost every single economy in emerging Europe implemented at least one reform in the last year to improve their business environment. In consequence, as many as 16 economies in the region are featured in the Top 50 of the World Bank’s Doing Business 2016 report. Emerging Europe speaks to Rita Ramalho, Manager of the World Bank–IFC Doing Business, who has compiled a resume about the emerging Europe region especially for us, about how the reforms introduced have helped make doing business easier across the region. Continue reading World Bank’s Doing Business Report 2016 Resume For Emerging Europe
A country of four million, with ten thousand young people leaving it every year to seek a better life. The unemployment rate is one of the highest in Europe, as is the level of corruption. Thousands of stray dogs roaming Sarajevo or Zenica streets are a depressing symbol of the country’s downfall. This is Bosnia and Herzegovina 20 years after the bloody war. Continue reading Will the EU protect Bosnia and Herzegovina from a collapse?
Over 150 business people and political leaders from Bosnia and Herzegovina, Croatia, Serbia, Slovenia, Macedonia and Montenegro took part in the 5th Regional Conference Business Plus, whose title was “Economy builds bridges”, held on 3 July 2015 in Mostar, Bosnia and Herzegovina. Continue reading Economy builds bridges in Mostar
Bosnia and Herzegovina (BiH) has made a huge step forward since the country experienced a war in the 1990s. Between 1998 and 2008 the country observed strong growth, with the GDP increasing by over two thirds in real terms. Since the global crisis, the economy has slowed down but the Central Bank’s forecast for 2015 is 2.5 per cent.
In a report published exactly ten years ago on “The Balkans in Europe,” the International Commission on the Balkans called for a process of constitutional change in Bosnia and Hercegovina. It argued that with the present constitutional architecture set out in the 1995 Dayton Peace Agreement no longer working, there was a need for a genuine constitutional debate in the framework of an EU accession process.