Country Guides
Bosnia and Herzegovina
Business
Business
Bosnia and Herzegovina
• GDP: US$19.36 billion (2008).
• Main exports: Wood, paper, clothing and metal products.
• Main imports: Machinery and equipment, chemicals, fuels and food.
• Main trade partners: Croatia, Germany, Italy, Austria, Slovenia and Hungary.
Economy
The Yugoslav civil war that broke out in 1992 brought Bosnia & Herzegovina's economy to a standstill. Most post-war international aid was directed to reconstruction of the Muslim-Croat region. The Republika Srpska got much of its industrial sector working again with support from Milosevic's Yugoslavia but this was set back by its war with NATO in the late 1990s. Since then, the central government has received loans, totalling approximately US$250 million, from the IMF.
The growth rate is currently 5.5%, while inflation stands at 1.6%. Unemployment, which officially is around 30%, is currently the biggest problem facing the economy.
Business Contacts
Foreign Trade Chamber of Bosnia & Herzegovina
Branislava Djurdjeva 10, Sarajevo, Bosnia & Herzegovina
Tel: (33) 663 631.
Website: www.komorabih.ba
Central Bank of Bosnia & Herzegovina
Marsala Tita 25, 71000 Sarajevo, Bosnia & Herzegovina
Tel: (33) 278 100.
Website: www.cbbh.gov.ba
• GDP: US$19.36 billion (2008).
• Main exports: Wood, paper, clothing and metal products.
• Main imports: Machinery and equipment, chemicals, fuels and food.
• Main trade partners: Croatia, Germany, Italy, Austria, Slovenia and Hungary.
• Main exports: Wood, paper, clothing and metal products.
• Main imports: Machinery and equipment, chemicals, fuels and food.
• Main trade partners: Croatia, Germany, Italy, Austria, Slovenia and Hungary.
Economy
The Yugoslav civil war that broke out in 1992 brought Bosnia & Herzegovina's economy to a standstill. Most post-war international aid was directed to reconstruction of the Muslim-Croat region. The Republika Srpska got much of its industrial sector working again with support from Milosevic's Yugoslavia but this was set back by its war with NATO in the late 1990s. Since then, the central government has received loans, totalling approximately US$250 million, from the IMF.
The growth rate is currently 5.5%, while inflation stands at 1.6%. Unemployment, which officially is around 30%, is currently the biggest problem facing the economy.
The growth rate is currently 5.5%, while inflation stands at 1.6%. Unemployment, which officially is around 30%, is currently the biggest problem facing the economy.
Business Contacts
Foreign Trade Chamber of Bosnia & Herzegovina
Branislava Djurdjeva 10, Sarajevo, Bosnia & Herzegovina
Tel: (33) 663 631.
Website: www.komorabih.ba
Central Bank of Bosnia & Herzegovina
Marsala Tita 25, 71000 Sarajevo, Bosnia & Herzegovina
Tel: (33) 278 100.
Website: www.cbbh.gov.ba
Branislava Djurdjeva 10, Sarajevo, Bosnia & Herzegovina
Tel: (33) 663 631.
Website: www.komorabih.ba
Central Bank of Bosnia & Herzegovina
Marsala Tita 25, 71000 Sarajevo, Bosnia & Herzegovina
Tel: (33) 278 100.
Website: www.cbbh.gov.ba
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