1. Market Research
  2. > Retail Market Trends
  3. > Bosnia and Herzegovina Country Report - January, 2015

Bosnia and Herzegovina Country Report - January, 2015

  • February 2015
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 25 pages

This report covers the main macroeconomic releases from January 6 until February 5, 2015 as well as the financial and political events that took place in Bosnia during this period.

The International Monetary Fund (IMF) decided to delay the disbursement of a new loan tranche under its stand-by agreement with Bosnia because of insufficient reforms.

The World Bank estimated that Bosnia's economic growth should speed up to 1.5% in 2015 from an estimated 0.4% in 2014. The GDP is expected to further accelerate its growth by 2.5% and 3.0% in 2016 and 2017, respectively. At the same time, the European Bank for Reconstruction and Development (EBRD) left unchanged its 2015 growth projection for Bosnia at 2.7% in the January edition of its Regional Economic Prospects.

Bosnian government has agreed to launch talks with the European Union to enter EU's Competitiveness of Enterprises and Small and Medium-Sized Enterprises Programme (COSME), a statement on the cabinet's website showed.

On the corporate front, UAE's property developer Buroj announced plans to invest BAM4.5bn (EUR2.3bn) in building a tourist complex in Bosnian Serb Republic's Trnovo municipality near Sarajevo. The complex should include thousands of apartments, several hotels, trade centre and the necessary infrastructure.

The report also contains information about the resignation of Bosnia's foreign trade minister Boris Tucic due to lack of consent over actions of state institutions on the process of issuing permits for international trade with military equipment.



Key points:

oCPI fell 0.4% y/y in December after staying flat in the previous month.

oThe working-day adjusted industrial production contracted 2.4% y/y in December, deepening from a 0.5% annual decline in November due to deteriorated performance in mining and manufacturing sectors.

oThe current account deficit widened 50.1% y/y in the first nine months of 2014, mainly on the back of higher foreign trade gap and lower services income from abroad.

Table Of Contents

Bosnia and Herzegovina Country Report - January, 2015
EXECUTIVE SUMMARY5

Bosnia's foreign trade minister Tucic resigns6

IMF postpones Bosnia loan tranche over lack of reforms6

World Bank sees SEE countries' growth accelerating to 1.3% in 20156

World Banks sees Bosnia's GDP growing by 1.5% in 20157

Bosnia among first Western Balkan countries to exit recession - c-bank governor8

EBRD keeps Bosnia's 2015 GDP growth forecast unchanged at 2.7%8

Bosnia to start talks to join EU's financing programme for SMEs9

REAL SECTOR9

1.GDP9

Bosnia's economy expands 0.6% y/y in Q39

2.Inflation10

Bosnia's industrial PPI up 0.8% y/y in December10

Bosnia's CPI edges down 0.4% y/y in December10

Bosnia's Federation CPI edges down 0.2% y/y in December11

Bosnia's Federation industrial PPI edges up 0.1% y/y in December12

Bosnia's Serb Republic producer prices edge down 0.2% y/y in December12

Bosnia's Serb Republic CPI deflation deepens to 0.8% y/y in December13

3. Industry and Trade13

Bosnia's industrial production falls 2.4% y/y in December13

Bosnia's retail sales growth slows to 3.8% y/y in December13

Bosnia's foreign trade deficit widens 10.7% y/y in 201414

Bosnia's Federation industrial production down 2.9% y/y in December14

Bosnia's Federation retail sales growth quickens to 6.7% y/y in December15

Bosnia's Federation foreign trade deficit at EUR196.5mn in December15

Bosnia's Serb Republic industrial production falls 1.5% y/y in December15

Bosnia's Serb Republic foreign trade deficit at EUR1.15bn in 201416

4. Tourism16

Foreign tourist arrivals to Bosnia rise 1.2% y/y in January-November16

Bosnia's Federation tourist arrivals rise 9.8% y/y in December16

Bosnia's Serb Republic tourist arrivals rise 2.6% y/y in 201416

5. Labour Market17

Bosnia's number of unemployed falls 0.8% y/y in 2014 - stats office17

Bosnia's registered unemployment rate stays at 43.6% in November17

Bosnia's average net wage falls 0.7% y/y to EUR420.5 in November17

Bosnia's Federation number of employed up 2.6% y/y in November17

Bosnia's Federation average net wage falls 1.7% y/y in November18

Bosnia's Serb Republic average net wage up 1.9% y/y to EUR427 in December18

FISCAL SECTOR, MONETARY POLICY18

Bosnia's indirect tax revenue at EUR3.2bn in 201418

Bosnia's Federation public revenue rises 5.2% y/y in 201418

Bosnia's Federation corporate tax debt rises 21.5% y/y at end-201419

Bosnia's Serb Republic public revenues rise 24% y/y in January19

Bosnia's Serb Republic public revenues rise 4% y/y in 201419

Bosnia's Serb Republic revenue from gambling fees rises 4.7% y/y in 201420

Bosnia's Serb Republic raises EUR10mn from six-month T-bills, yield drops20

FINANCIAL INTERMEDIATION20

Bosnia's FX reserves rise 11.6% y/y at end-November20

Bosnia's M1 money supply growth speeds up to 9% y/y at end-November21

EXTERNAL SECTOR21

Bosnia's current account gap widens 50% y/y to EUR787.8mn in January-September21

STRUCTURAL REFORMS, CORPORATE PLANS22

Croatia's Janaf signs oil transport deals with Hungary's MOL, Bosnia's Optima Group22

Swedish Trust Fund to grant EUR9.5mn to Bosnia's Federation for water supply project22

Bosnia's NLB Banka to raise capital by EUR7.7mn via share issue in H1 201523

UAE's property developer Buroj to invest EUR2.3bn in tourist complex in Bosnia23

Bosnia's c-bank urges local arms of Hypo Bank to offer acceptable solution for CHF loan debtors23

Bosnia to call tenders for EUR15.3mn wastewater plant in Q223

ArcelorMittal's Bosnian plant to invest EUR4.65mn in new facilities24

CHF strengthening to affect negatively Bosnian firms and individuals - Federation's c-bank24

Borsa Istanbul raises stake in Sarajevo bourse to 9.89%24

Bosnia's Federation to draw EUR37.5mn loan from EIB for 20MW Vranduk hydropower plant project25

Bosnia's Serb Republic to invest EUR115mn in agricultural sector in 201525

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Thermometer Markets in the World to 2020 - Market Size, Development, and Forecasts

Thermometer Markets in the World to 2020 - Market Size, Development, and Forecasts

  • $ 21799
  • Industry report
  • November 2016
  • by Global Research & Data Services

The expansion of the global thermometer industry is forecast to reach 7.5% p.a. in the coming years. Between 2009 and 2015 the market increased with an average annual growth of 7.8%. Currently, liquid-filled ...

Gold Markets in the World to 2020 - Market Size, Development, and Forecasts

Gold Markets in the World to 2020 - Market Size, Development, and Forecasts

  • $ 20469
  • Industry report
  • September 2016
  • by Global Research & Data Services

The expansion of the global gold industry is forecast to reach 5.0% p.a. in the coming years. Between 2009 and 2015 the market increased with an average annual growth of 4.0%. Currently, unwrought gold ...

Silver Markets in the World to 2020 - Market Size, Development, and Forecasts

Silver Markets in the World to 2020 - Market Size, Development, and Forecasts

  • $ 20469
  • Industry report
  • September 2016
  • by Global Research & Data Services

The expansion of the global silver industry is forecast to reach 3.1% p.a. in the coming years. Between 2009 and 2015 the market increased with an average annual growth of 0.8%. Currently, unwrought silve ...


ref:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.