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

Bosnia and Herzegovina Country Report - March, 2015

  • April 2015
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 27 pages

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

The Council of the European Union said that it welcomes the statement declaring the country's pro-EU commitment adopted by Bosnia's presidency, political parties and parliament, noting that the country has met all necessary conditions for entry into force of the Stabilisation and Association Agreement it has signed in 2008.

Ratings agency S&P has affirmed its credit rating on Bosnia at B/B on expectation of continued and significant international support. The outlook is confirmed at stable.

Bosnia's parliament approved on March 31 the new government, proposed by the elected last month pro-EU PM Denis Zvizdic. The cabinet has been voted by the parliament six months after the general elections. It is formed by nine ministers, including two Deputy PMs.

The country's economic growth accelerated to 2.4% y/y in the fourth quarter of 2014 from a revised 0.5% y/y in Q3d. The reading reflected growing administrative and support services, transportation and storage and wholesale and retail trade sectors.

The European Union will provide Bosnia additional EUR43mn for recovery from the floods that hit the country last year, according to the head of the EU delegation to the Balkan country, Renco Davidi.



Key points:

oCPI deflation eased to 0.7% y/y in February from 0.9% y/y in January

oThe working-day adjusted industrial output decreased by 1.1% y/y in February, easing from a 1.3% y/y drop in January thanks to improved performance in mining and manufacturing sectors.

oThe current account deficit widened 36.8% y/y to BAM2.1bn (EUR1.1bn) in 2014, mainly on the back of higher foreign trade gap and a mild rise of services income from abroad

Table Of Contents

Bosnia and Herzegovina Country Report - March, 2015
EXECUTIVE SUMMARY5

REAL SECTOR6

1.GDP6

Bosnia's GDP growth spikes to 2.4% y/y in Q46

Bosnia's Federation GDP growth spikes to 2.5% y/y in Q46

Bosnia's Serb Republic GDP growth accelerates to 1.4% y/y in Q47

2.Inflation8

Bosnia's Federation PPI shrinks 0.9% y/y in February10

Bosnia's CPI deflation softens to 0.7% y/y in February8

Bosnia's Federation CPI inches down 0.3% y/y in February9

Bosnia's Serb Republic CPI deflation holds at 1.3% y/y in February10

2. Industry and Trade10

Bosnia's industrial production decline softens to 1.1% y/y in February10

Bosnia's industrial production decline eases to 1.3% y/y in January11

Bosnia's Federation industrial production declines 4.2% y/y in February11

Bosnia's Serb Republic industrial production rises 7% y/y in February11

Bosnia's retail sales growth slows to 7.9% y/y in February12

Bosnia's Federation retail sales growth slows to 4.9% y/y in February12

Bosnia's Serb Republic retail trade turnover falls 1.3% y/y in February12

4. Tourism13

Foreign tourist arrivals to Bosnia rise 24.3% y/y in January13

Bosnia's Serb Republic tourist arrivals rise 26.5% y/y in January-February13

5. Labour Market13

Bosnia's registered unemployment rate rises to 43.8% in January13

Bosnia's number of unemployed falls 1.1% y/y in January - stats office14

Bosnia's average net wage falls 1.2% y/y to EUR423 in January14

Bosnia's Federation average net wage falls 1.9% y/y in January14

Bosnia's Serb Republic average net wage up 1.5% y/y to EUR426.4 in February14

Bosnia's Serb Republic to invest EUR5.3mn in 2015 to boost employment14

FISCAL SECTOR, MONETARY POLICY15

Bosnia approves EUR121.4mn temporary state financing for Q2 201515

Bosnia's indirect tax revenue rises 3.4% y/y to EUR700mn in Q1 201515

Bosnia's indirect tax revenue up 0.9% y/y in January-February15

Bosnia's Serb Republic public revenues rise 5% y/y in Q116

Bosnia's Federation sells out EUR15.3mn six-month T-bills16

Bosnia's Federation sells out EUR15.3mn six-month T-bills16

Bosnia's Serb Republic raises EUR24mn in first day of 4-year T-notes auction16

Bosnia's Serb Republic sells out EUR30.7mn 4-year T-notes issue17

FINANCIAL INTERMEDIATION17

Bosnia's FX reserves rise 12.9% y/y at end-February17

Bosnia's FX reserves rise 11% y/y at end-January18

Bosnia's bank assets growth slows to 2.3% y/y at end-February19

Bosnia's bank assets growth slows to 3.1% y/y at end-January19

Bosnia's bank deposits increase 4.9% y/y to EUR7.75bn at end-February19

Bosnia's bank deposits increase 5.8% y/y to EUR7.8bn at end-January19

Bosnia's M1 money supply growth accelerates to 9.6% y/y at end-February19

Bosnia's M1 money supply growth flattens at 9.4% y/y at end-January20

Share of non-performing loans in Bosnia falls to 14% in Q4 201420

Value of Bosnian banks card transactions ticks down 0.1% to EUR3.7bn in 201420

Bosnia's Federation 2014 banking system profit at EUR67mn21

Bosnia's Serb Republic banking system swings to EUR23.4mn net profit in 201421

EXTERNAL SECTOR21

Bosnia's current account gap widens 36.8% to EUR1.1bn in 201421

Bosnia's foreign trade deficit shrinks 12.8% y/y through February22

Bosnia's Serb Republic foreign trade deficit falls 27% y/y to EUR101mn in Jan-Feb23

STRUCTURAL REFORMS, CORPORATE PLANS23

Bosnia calls tender for consultant for EUR15.3mn wastewater plant23

Bosnia's Federation mulls awarding permits for hydro-, photovoltaic plants to two local companies23

EU to provide additional EUR43mn to Bosnia for flood damages recovery24

SandP affirms Bosnia's B/B long-, short-term rating with stable outlook24

Bosnia's Telekom Srpske 2014 net profit rises 5.3% y/y to EUR54.4mn25

Turkish state-run Ziraat acquires remaining 32% stake in Bosnian unit for EUR12.4mn25

Bosnia's Federation increases installed capacity of planned TPP to 350 MW25

POLITICS26

Bosnia approves government six months after elections26

EU Council says Bosnia meets all criteria for SAA's entry in force26

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 ...


Download Unlimited Documents from Trusted Public Sources

Global Retail Markets

  • December 2016
    23 pages
  • Retail  

  • World  

    Asia  

    China  

View report >

Electricity Market Size in Australia - Forecast

  • December 2016
    2 pages
  • Electricity  

    Retail  

    Energy  

  • Australia  

View report >

Specialty Store Industry in the US

  • November 2016
    11 pages
  • Specialty Store  

  • United States  

View report >

Supermarket Markets

3 days ago

ref:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

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