Doing Business in Bosnia and Herzegovina

EENI- School of International Business

Subject (Course) - Foreign Trade and Business in Bosnia and Herzegovina. Sarajevo

  1. Introduction to the Republic of Bosnia and Herzegovina (Central Europe)
  2. The Bosnian-Herzegovinian Economy
  3. Doing Business in Sarajevo
  4. The 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

Objectives of the subject “Doing Business in Bosnia and Herzegovina”:

  1. To analyse the Bosnian-Herzegovinian Economy and Foreign Trade
  2. To evaluate business opportunities in the Bosnian-Herzegovinian Market
  3. To analyse the trade relations of Bosnia and Herzegovina with the student's country
  4. To know the free trade agreements of Bosnia and Herzegovina
  5. To develop a business plan for the Bosnian-Herzegovinian Market
Subject “Foreign Trade and Business in Bosnia and Herzegovina” is studied...
  1. Doctorate: Europe
  2. Professional Master's Program (e-learning): International Business
  3. Course: CEFTA Countries

Recommendations for Bosnian and Herzegovinian students

Course learning materials in English + Spanish Bosnia-Herzegovina French Bosnie-Herzegovine Portuguese Europe.

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

Subject Description: Doing Business in Bosnia and Herzegovina

EFTA-Bosnia and Herzegovina Free Trade Agreement

The Republic of Bosnia and Herzegovina

  1. Capital: Sarajevo
  2. Official Language: Croatian, Bosnian and Serbian
  3. Area: 51,197 square kilometres
  4. Population: 3.8 millions of 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. Borders of Bosnia and Herzegovina: Croatia, Serbia and Montenegro
  8. Top religions in Bosnia and Herzegovina:
    1. Islam (50%)
    2. Christianity: Catholicism and Orthodoxy (30%)
  9. Bosnia and Herzegovina belongs to the Christian Civilisation (European Economic Area) and Economic Area of Central Eurasia
    1. Bosnia and Herzegovina no has signed the Cairo Declaration on Human Rights in Islam
    2. Fiqh (Islamic Jurisprudence): Fiqh-al-Hanafi
  10. Independence: 1992 (Yugoslavia)

Economy of Bosnia and Herzegovina.

  1. The Republic of Bosnia and Herzegovina is one of the poorest countries of the ex-Yugoslavia and Europe; the devastating effects of the Bosnian war (1992-95) still endure. Also, the long blockade of Serbia and Croatia further hampered economic recovery
  2. Bosnia  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. GDP (nominal): 49,874 millions of dollars
  5. GDP per capita: 8,390 dollars
  6. Currency: Bosnia and Herzegovina convertible mark
  7. Main 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: metals, clothes, wood products
  2. Top Bosnian exports destinations: Slovenia (16%), Italy, Germany, Croatia, Austria, Turkey
  3. Main Bosnian imports: machinery, chemical products, fuels, food products
  4. Main suppliers of Bosnia: 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 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

Turkey-Bosnia Free Trade Agreement

Central European Initiative (CEI)



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