Bosnia and Herzegovina's Market
About Bosnia and Herzegovina
Bosnia and Herzegovina, sometimes called Bosnia-Herzegovina or simply Bosnia, is a country in Southern Europe on the Balkan Peninsula. Bordered by Croatia to the north, west and south, Serbia to the east, and Montenegro to the southeast. The total area is 51,209 square km and its population is around 3.8 million. Sarajevo is its largest and capital city. The official languages are Bosnian, Serbian and Croatian.
Bosnia and Herzegovina's Economy
Bosnia and Herzegovina has been in a process of economy reforms. The currency is strong, inflation is low, the country is not heavily indebted, and much of the infrastructure has by now been reconstructed. Bosnia and Herzegovina is on track to be a new member of the Europe Union. The country is focused on cutting back its bureaucracy, privatise its public companies, and attract foreign investments. Its strategic economic growth plan relies on wood processing, agriculture, tourism, steel, mining, services, textiles and construction materials.
Advantages of Doing Business in Bosnia and Herzegovina
- Strategic location
- Available natural resources
- Long tradition in different industry branches
- Abundance of industrial zone, attractive sites and available production facilities
- Favorable legal environment
- Low tax rates
- Highly educated and price competitive labor force
- Stable domestic currency
- Regional and bilateral Free Trade Agreements
- EU perspective
Bosnia and Herzegovina's Investment Environment
Bosnia and Herzegovina made serious transformations and restructuring, broadly adjusted legal and regulatory framework to the European standards, preparing favorable business environment for
further substantial investments.
Bosnia and Herzegovina seeks for strong strategic partners and large international companies to invest in sectors such as tourism, agriculture and food processing industry, energy, wood, transport, mining and metal processing and automotive.