Doing Business in Bosnia and Herzegovina

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Syllabus of the Subject - Doing Business in Bosnia and Herzegovina. Sarajevo.

  1. Introduction to the Republic of Bosnia and Herzegovina (Central Europe)
  2. Bosnian-Herzegovinian Economy
  3. Doing Business in Sarajevo
  4. Bosnian-Herzegovinian Foreign Trade
  5. Foreign Direct Investment (FDI) in Bosnia and Herzegovina
  6. Access to the Bosnian-Herzegovinian Market
  7. Business Plan for Bosnia and Herzegovina

The objectives of the subject “Doing Business in Bosnia and Herzegovina” are the following:

  1. To analyse the Bosnian-Herzegovinian Economy and Foreign Trade
  2. To evaluate the business opportunities in the Bosnian-Herzegovinian Market
  3. To analyse the trade relations of Bosnia and Herzegovina with the country of the student
  4. To know the Bosnia and Herzegovina's free trade agreements
  5. To develop a business plan for the Bosnian-Herzegovinian Market
The Subject (e-learning) “Foreign Trade and Business in Bosnia and Herzegovina” is part of the following Higher Education Programs taught by EENI (Business School) and the Hispano-African University of International Business:
  1. Doctorate: Europe
  2. Professional Master's Program (e-learning): International Business, Europe
  3. Course: Countries of the EFTA

Recommendations for the Bosnian and Herzegovinian Students

Course learning materials in Higher Education in English + Tertiary Education in Spanish Bosnia-Herzegovina Post-secondary Education in French Bosnie-Herzegovine Study in Portuguese Europe.

  1. Credits of the subject “Doing Business in Bosnia and Herzegovina”: 1 ECTS
  2. Duration: one week

Description of the Subject (Online Learning): Doing Business in Bosnia and Herzegovina

EFTA-Bosnia and Herzegovina Free Trade Agreement (FTA)

The Republic of Bosnia and Herzegovina

  1. Capital: Sarajevo
  2. Official Languages: Croatian, Bosnian and Serbian
  3. Area: 51,197 square kilometres
  4. Bosnian-Herzegovinian Population: 3.8 million people
  5. Type of Government: Parliamentary Federal Republic
  6. Bosnia is a widely decentralised country, comprising two autonomous entities: The Federation of Bosnia and Herzegovina and the Republika Srpska, with a third region, the district of Brčko, governed by the local government
  7. The Borders of Bosnia and Herzegovina are Croatia, Serbia and Montenegro
  8. Independence: 1992 (Yugoslavia)

Main religions in Bosnia and Herzegovina:

  1. Islam (50%)
  2. Christianity: Catholicism and Orthodoxy (30%)

Bosnia and Herzegovina belongs to the Christian Civilisation (European Economic Area) and Economic Area of Central Eurasia

  1. Bosnia and Herzegovina has not signed the Cairo Declaration on Human Rights in Islam
  2. Fiqh (Islamic Jurisprudence): Fiqh-al-Hanafi

Economy of Bosnia and Herzegovina.

  1. The Republic of Bosnia and Herzegovina is one of the poorest countries of the former Yugoslavia and Europe; the devastating effects of the Bosnian war (1992-95) still endure. Also, the long blockade of Serbia and Croatia further hampered the economic recovery
  2. Bosnia spend 5 billions of dollars at the end of the war to rebuild its battered economy
  3. Bosnia is in the process of becoming a market economy
  4. Bosnian-Herzegovinian GDP (nominal): 49,874 million dollars
  5. GDP per capita: 8,390 dollars
  6. Currency: Bosnia and Herzegovina convertible mark
  7. Main Bosnian products: fruit, tobacco, cattle, gold, copper, lead, zinc, coal
  8. In Sarajevo, there are industries of tobacco, furniture, cars and communication equipment
  9. Main Bosnian companies: B & H Airlines, BH Telecom, Bosnalijek, Energopetrol, Factory of tobacco of Sarajevo and Sarajevska Pivara (Sarajevo Brewery)

Bosnian-Herzegovinian Foreign Trade.

  1. Main Bosnian exports are metals, clothes, wood products
  2. Top Bosnian exports destinations are Slovenia (16%), Italy, Germany, Croatia, Austria, Turkey
  3. Main Bosnian imports are machinery, chemical products, fuels, food products
  4. Main suppliers of Bosnia are Croatia (19%), Germany, Slovenia, Italy, Austria

International Economic Relations of Bosnia and Herzegovina

Trade Relations European Union-Western Balkans

  1. Central European Free Trade Agreement (CEFTA)
  2. EFTA-Bosnia and Herzegovina Free Trade Agreement (Switzerland, Norway, Iceland and Liechtenstein)
  3. Free Trade Agreement between Bosnia and Herzegovina and Turkey
  4. Free Trade Agreement between Bosnia and Herzegovina and Bulgaria
  5. Stabilisation and Accession Agreement with the European Union (Western Balkans). EUROMED
  6. Central European Initiative (CEI)
  7. Regional Cooperation Council
  8. United Nations
  9. Adriatic-Ionian Initiative
  10. International Chamber of Commerce
  11. World Bank
  12. World Trade Organisation
  13. Economic Commission for Europe (UNECE)
  14. International Monetary Fund (IMF)
  15. Organisation for Security and Cooperation in Europe (OSCE)
  16. Group of States of the Council of Europe Convention against the corruption (GRECO)

Bosnia and Herzegovina is an observer country of the Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC)

Examples of the subject - Foreign Trade and Business in Bosnia and Herzegovina:

Adriatic-Ionian Initiative

Central European Free Trade Agreement (CEFTA)

European Union Enlargement

Bosnia and Herzegovina-Turkey Free Trade Agreement (FTA).

Turkey-Bosnia Free Trade Agreement (FTA)

Central European Initiative (CEI)



(c) EENI- Business School & Hispano-African University of International Business