1. Market Research
  2. > Retail Market Trends
  3. > Bosnia and Herzegovina Country Report - July , 2016

Bosnia and Herzegovina Country Report - July , 2016

  • August 2016
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 42 pages

This report covers the main macroeconomic releases from July 6 until August 5, 2016 as well as the financial and political events that took place in Bosnia during this period.

Bosnia & Herzegovina has pledged to undertake a number of reforms aiming to improve fiscal and banking stability in order to strike a new deal with the International Monetary Fund (IMF), according to the country's letter of intent that is yet to be signed by two of three authorities.

Meanwhile, Bosnia & Herzegovina failed to send a properly signed letter of intent to the International Monetary Fund (IMF) by the deadline that expired on July 21, losing the chance to sign a new agreement with the fund.

Ten days later, on July 31, Bosnia sent a properly signed letter of intent to the IMF) on July 31, clearing its way to sign a new agreement with the fund.

The use of EUR50mn in funding wired to Investment and Development Bank (IRB) - the state development bank of Bosnia & Herzegovina's smaller entity, Republika Srpska - from the European Investment Bank (EIB) is being investigated.

The government of Bosnia & Herzegovina's smaller entity - Republika Srpska - has adopted a special law on analysing and announcing its own version of the 2013 census results. The entity refused to acknowledge the results announced by the state-level statistics office on June 30, claiming that the methodology used for processing of the data was wrong.

While thousands of Bosnians gathered to commemorate the victims of the Srebrenica massacre on July 11, many Bosnian Serbs including top politicians still deny that this was the bloodiest massacre since the Holocaust. The genocide was not marked by officials in Republika Srpska - the Serb-dominated smaller entity that makes up Bosnia & Herzegovina together with the Muslim-Croat Federation.



Key points:

oCPI deflation held at .5% y/y in June

oThe retail sales, measured at constant prices, increased by 3.5% y/y in May

oThe foreign trade gap narrowed 2.1% y/y to BAM3.2bn (EUR1.6bn) in the first half of 2016

Table Of Contents

Bosnia and Herzegovina Country Report - July , 2016
EXECUTIVE SUMMARY5

REAL SECTOR6

1.GDP6

Bosnia's GDP growth holds at 2.1% y/y in Q16

GDP growth in Bosnia's Republika Srpska cools to 2.2% y/y in Q16

2. Inflation7

Bosnia's CPI deflation stays at 1.5% y/y in June7

Bosnia's industrial producer prices flatten in June7

Bosnian Federation's industrial PPI declines by 2% y/y in June8

Bosnian Federation's CPI deflation eases to 1.5% y/y in June8

Deflation in Bosnia's Republika Srpska holds at 1.6% y/y in June8

Industrial producer prices in Bosnia's Republika Srpska rise 3.3% y/y in June9

3. Industry and Trade9

Bosnia's retail sales growth slows to 3.5% y/y in May9

Bosnian Federation's industrial production rises 8.5% y/y in June9

Bosnian Federation's retail sales ease annual fall in June10

Industrial production growth in Bosnia's Republika Srpska slows in June10

Retail sales growth in Bosnia's Republika Srpska improves in June11

4. Tourism11

Foreign tourist arrivals in Bosnia rise 13.7% y/y through May11

Bosnia's Republika Srpska reports 16.3% y/y increase in foreign tourist arrivals in H111

Foreign tourist arrivals to Bosnian Federation fall 7.9% y/y in June12

5. Labour Market12

Bosnia's average net wage turns to growth in May12

Unemployment rate in Bosnia to fall to 25.4% in 2016, labour force survey shows13

Number of unemployed in Bosnia falls 3.4% y/y in May, statistics office says13

Bosnian Federation's real net wage rises 2.6% y/y in May13

Bosnia's registered unemployment rate falls to 41.7% in May14

Unemployment rate in Bosnia's Republika Srpska to reach 24.8% in 2016, survey shows14

Real wage grows 1.8% y/y in June in Bosnia's Republika Srpska15

FISCAL SECTOR, MONETARY POLICY15

Bosnia's indirect tax revenue rises 1.75% y/y to EUR1.87bn15

Bosnian Federation's H1 public revenues rise 11.2% y/y15

Bosnian Federation's H1 budget revenue at 38% of end-year target16

Bosnia's Republika Srpska sells out EUR20.5mn 5-year T-bond issue16

Bosnia's Republika Srpska 7-mo public revenues fall 1% y/y16

FINANCIAL INTERMEDIATION17

Bosnia's M1 money supply grows 11.5% y/y at end-May17

Bosnia's FX reserves grow 7.3% y/y at end-May17

Bosnia's bank assets slow annual growth in May to 3.7%18

Bosnian bank deposits grow 7.7% y/y at end-May18

EXTERNAL SECTOR18

Bosnia's foreign trade deficit narrows 2.1% y/y in H118

Bosnian Federation's H1 foreign trade gap expands 4%19

Bosnian Federation's public debt stays at EUR3.2bn in H119

Foreign trade deficit in Bosnia's Republika Srpska narrows 17% y/y in H120

STRUCTURAL REFORMS, CORPORATE PLANS20

Bosnia pledges to cut public sector, strengthen banking system to get IMF deal20

Bosnian Federation likely to further lower price for state's stake in Sarajevo Osiguranje22

IMF urges Bosnia to send letter of intent within days to get new loan deal22

EBRD lends Bosnia EUR65mn for road upgrades23

Serbia's Delta Holding to build EUR60mn shopping centre in Bosnia23

Agram Group reportedly offers EUR10.2mn for Bosnian insurer Sarajevo Osiguranje24

Suspected misuse of EIB funds probed in Bosnia's Republika Srpska25

Bosnian parliament rejects legislation to save public broadcaster BHRT26

Bosnian Federation to offer stake in drug producer Bosnalijek on Sarajevo bourse26

Bosnian utility EPBiH to launch project for new unit at Tuzla TPP by year-end27

Bosnia to lose out on new IMF deal after failing to send letter of intent28

Attempt to sell state's stake in Bosnian drug producer Bosnalijek fails on lack of bidders29

Bosnia clears way to much needed loan deal with IMF29

World Bank lends Bosnian Federation EUR58mn for road sector modernisation30

Russia bans imports from Bosnia on lack of production security31

Bosnian Federation offers state stake in tobacco maker Fabrika Duhana Sarajevo for sale31

POLITICS32

Bosnian court says Republika Srpska's banking regulator illegally withholds data on Banka Srpske32

IMF delays new EUR550mn loan deal with Bosnia33

Bosnia's Republika Srpska reportedly to call referendum on banned Republic Day holiday34

Bosnia's Republika Srpska to announce own version of 2013 census results35

Srebrenica massacre commemoration reveals rift between Bosnian entities36

Bosnia's Republika Srpska could sign SAA adjustment, RS President Dodik says37

President of Bosnia's Republika Srpska sets referendum date for Sept 2538

Bosnia allows EU members to import duty-free agricultural products39

Constitutional court of Bosnia's Republika Srpska to rule on referendum, census results40

Bosnian Croats seek amendments before supporting coordination mechanism in parliament41

Bosnia denies receiving information on Russia import ban42

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
World DC Generator and Motor Market to 2021 - Market Size, Development, and Forecasts

World DC Generator and Motor Market to 2021 - Market Size, Development, and Forecasts

  • $ 26587
  • Industry report
  • January 2017
  • by Global Research & Data Services

The expansion of the global DC generator and motor industry is forecast to reach 0.6% p.a. in the coming years. Between 2010 and 2016 the market increased with an average annual growth of 6.1%. Currently, ...

World Paper Label Market to 2021 - Market Size, Development, and Forecasts

World Paper Label Market to 2021 - Market Size, Development, and Forecasts

  • $ 24991
  • Industry report
  • January 2017
  • by Global Research & Data Services

The report package World Paper Label Market to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook for paper labels ...

Global Perms & Relaxers (Haircare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

Global Perms & Relaxers (Haircare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

  • $ 14995
  • Industry report
  • March 2017
  • by GlobalData

Global Perms & Relaxers (Haircare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Global Perms & Relaxers (Haircare) Market - Outlook to 2020: Market Size, Growth and Forecast ...


Download Unlimited Documents from Trusted Public Sources

Global E-Book Industry

  • March 2017
    4 pages
  • E-Book  

  • United States  

    World  

    North America  

View report >

Global E-Book Industry

  • March 2017
    4 pages
  • E-Book  

  • United States  

    World  

    North America  

View report >

Retail Demand Statistics in the UK and Canada

  • March 2017
    8 pages
  • Retail  

    Retail Sales  

  • United Kingdom  

    Canada  

    United States  

View report >

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

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