Table of Contents
This report covers the main macroeconomic releases from September 1 until September 30, 2016 as well as the financial and political events that took place in Bosnia during this period.
The EU General Affairs Council decided on September 20 to recommend to the European Council to launch the procedure for granting Bosnia & Herzegovina candidate status, rewarding the country for its efforts to move towards its EU future despite internal tensions and disagreements.
The International Monetary Fund (IMF) approved a three-year extended arrangement with Bosnia & Herzegovina for an amount equivalent to SDR443.042mn (EUR553.3mn). The IMF will immediately disburse around EUR79.2mn to Bosnia, and the remainder will be available in 11 installments subject to quarterly reviews.
The World Bank has improved its projection for Bosnia & Hercegovina's economic growth in 2016 to 2.8% from 3% last year, which should result in the creation of new jobs.
99.8% of voters in Bosnia & Herzegovina's Republika Srpska supported the celebration of Republic Day, despite the holiday being declared unconstitutional by the state-level constitutional court.
Bosnia & Herzegovina's state-level prosecution has launched an investigation into the September 25 referendum in Republika Srpska, and has reportedly summoned the president of the entity, Milorad Dodik, for questioning.
The High Judicial and Prosecutorial Council of Bosnia and Herzegovina (VSTV BiH) said on September 28 it has temporary suspended chief prosecutor Goran Salihovic, following a request from the country's Office of Disciplinary Council (UDT). The council provided no explanation, but local news outlet Klix.ba wrote on the same day that the chief prosecutor has been investigated on suspicion of abuse of office, apparently benefitting the president of Republika Srpska, Milorad Dodik.
oCPI deflation slightly deepened to 1.2% y/y in August
oThe working-day adjusted industrial production increased 7.2% y/y in June
oThe foreign trade gap narrowed 3.3% y/y to BAM4.36bn (EUR2.23bn) in the first eight months of 2016
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
Global Blockchain Technology Market: Overview Blockchain technology offers a secure, fast, and cheaper medium of carrying out online transaction and online transfer of information without the need of third ...
Global Mobile Payment Technologies Market: Overview This report provides an analysis of the global mobile payment technologies market for the period from 2014 to 2024, wherein the period from 2016 to 2024 ...
“Reduction in queuing & transaction time and increased convenience in making low value payments are driving the contactless payment market” The contactless payment market is estimated to grow from ...