tag:blogger.com,1999:blog-14211432462054987022024-02-20T23:13:33.523+01:00Doing Business In BosniaThis blog is for all of those who wish to explore business opportunities in Bosnia or are already operating in Bosnia.Unknownnoreply@blogger.comBlogger63125tag:blogger.com,1999:blog-1421143246205498702.post-80765253560949019502010-05-06T23:57:00.001+02:002010-05-07T00:00:23.204+02:00Bosnian exports reboundingFor the first time since they started dropping in January 2009 (yoy), exports have rebounded and grown for two consecutive months in January and February.<br><br />Jan-Feb exports were up 17% (yoy), but they are still 9% below where they were during the same months in 2008. By industrial groupings, export growth was strongest in the energy sector (33%), intermediate goods (32%) and durable consumer goods (22%). On the other hand, exports of capital and non-durable consumer goods were down 16% and 2% respectively. Export growth is observed across all traditional BH industries: electric power, steel, aluminum, furniture, as well as primary agricultural products.<br /><br>Imports continued dropping, reflecting tight credit and indicating still weak investment. Jan-Feb imports dropped 6% (yoy) and they were 28% lower than during the same months in 2008.Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-1421143246205498702.post-80757988410776599152010-05-06T23:47:00.002+02:002010-05-06T23:53:00.046+02:00Sarajevo Waste Water Project gets funding<span style="font-size:100%;"><span style=";font-family:verdana;font-size:10pt;" lang="EN-CA" > <span style="font-size:100%;">The World Bank’s Board of Executive Directors today approved Sarajevo Waste Water Project.</span></span></span><span style="font-size:100%;"><br /><br /><span style=";font-family:verdana;font-size:85%;color:black;" ><br /></span><span style="font-size:85%;"><span style="font-family:verdana;">The objective of the Sarajevo Waste Water Project for Bosnia and Herzegovina is to improve the living conditions of populations in the areas covered by the Sarajevo Water and Waste Water Company and in downstream riverside communities by: (a) reducing the populations' exposure to, and reliance on highly polluted water from the Miljacka and Bosna rivers; and (b) improving the efficiency of the waste water collection network in the Sarajevo Canton. There are three components to the project. Component A is high priority infrastructure rehabilitation. This component will finance priority investments for rehabilitation of waste water infrastructure in the Sarajevo Canton. Component B is the institutional development support. This component will finance technical assistance (TA) to the Sarajevo Water and Waste Water Company (VIK) for capacity building and institutional strengthening. Component C is the project management. This component will support project implementation by the Project Management Team (PMT) and Project Implementing Team (PIT).</span><br /></span><br /><br /></span><p class="MsoNormal" style="margin: 0in 0in 0pt;font-family:verdana;"><span style="font-size:100%;"><b><span style=";font-size:10pt;color:black;" >IBRD Loan</span></b><span style=";font-size:10pt;color:black;" >: US$35 million</span></span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt;font-family:verdana;"><span style="font-size:100%;"><b><span style=";font-size:10pt;color:black;" >Terms:</span></b> <span style=";font-size:10pt;color:black;" >Maturity = 25 years; Grace Period = 5 years</span></span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt;font-family:verdana;"><span style="font-size:100%;"><b><span style=";font-size:10pt;color:black;" >Project ID:</span></b><span style=";font-size:10pt;color:black;" > P090675</span></span></p>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-1421143246205498702.post-71466671685057740442010-04-29T18:08:00.002+02:002010-04-29T18:11:59.695+02:00€25 million investment in Sarajevo International Airport upgrade to meet growing traffic<p>The EBRD is supporting the modernisation of Sarajevo International Airport with a €25 million loan to expand the airport's infrastructure and help it address capacity constraints. The loan is extended directly to Sarajevo International Airport and is guaranteed by the state of Bosnia and Herzegovina. </p> <p>Sarajevo International Airport is the main gateway to Bosnia and Herzegovina, handling the majority of the international traffic flow. In recent years passenger traffic at the airport has increased significantly and continues to grow. </p> <p>The EBRD loan will be used to finance the expansion of the passenger terminal, to build a new rapid runway and to expand the aircraft parking apron. The project will add close to 7,000 square meters to the current area of the passenger terminal of 10,000 square meters.</p> <p>The expansion is supported by grant financing from the Dutch government, the Western Balkans Fund and EBRD Shareholder Special Fund of nearly €1 million. The grants will be used for tasks including preparation of the final design of the expanded passenger terminal and updating the corporate plan outlining the airport's future strategy. </p> <p>The project will support greater commercialisation of the airport's activities and will facilitate implementation of the EU's Single European Sky initiative in Bosnia and Herzegovina, which involves gradual liberalisation of air traffic. </p> <p>"We are pleased to support the expansion of the main airport in Bosnia and Herzegovina at a time when investment sources remain scarce. The upgrade of Sarajevo International Airport will improve the quality of air traffic movement stimulating further growth in passenger flow," said Sue Barrett, Director of the EBRD Transport Team.</p> <p>Dragan Vrankic, Minister of Finance and Treasury of Bosnia and Herzegovina, added: "I am glad that this project relies primarily on the creditworthiness of the company for repayment of the loan. The project will also help us to test the new legal structure for financing of public utilities whereby, through direct loan agreement with international financial institutions, the utilities assume much more accountability and responsibility for all aspects of project implementation."<br /> <br /> "This project is a result of the long-standing co-operation between the EBRD and Sarajevo International Airport. In addition to solving the airport's needs in light of the future growth, the expanded terminal building will provide much higher quality of services to the passengers, while improving the image of the country by offering it a modern gateway", said Bakir Karahasanovic, General Manager of Sarajevo International Airport.<br /> <br /> Since the beginning of its activities in Bosnia and Herzegovina, the EBRD has committed over €1 billion to the country's economy, of which over a third has been in the infrastructure sector. </p>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-1421143246205498702.post-84274962114492235182009-10-25T11:45:00.002+01:002009-10-25T11:49:04.888+01:00Bloggers given unparalleled access to the forthcoming Malaysia Global Business Forum - Bosnia<span style="font-family: verdana;font-family:Calibri;" >The bloggers will be given unparalleled access to the forthcoming Malaysia Global Business Forum - Bosnia, for the first time in Malaysia.</span> <div style="font-family: verdana;"><br />The keynote speaker, Tun Dr. Mahathir Mohamad (Malaysia's former Prime Minister) is an avid blogger himself and will be the keynote speaker during the forum. Dr. Haris Silajdzic, President of Bosnia-Herzegovina has also confirmed his presence and will lead the Bosnian delegation to the Malaysia Global Business Forum, scheduled 8 – 11 November, 2009 at Borneo Convention Centre in Kuching, Sarawak (one of Malaysia's states located in Borneo).</div> <div style="font-family: verdana;"> </div> <div style="font-family: verdana;">Tun Dr. Mahathir Mohamad will be delivering the keynote address with other speakers include:</div> <div style="font-family: verdana;"><strong>Amer Bukvic</strong> – CEO Bank Bosnia International – who is recognised as Europe’s leading Islamic banker <br /><strong>Amer Jeralgic</strong> – CEO of Elektrpravada, Bosnia’s largest and most profitable company which is equivalent to TNB and is involved in the energy and mining sector<br /><strong>Sam Osmanagic</strong> – Discoverer of the Bosnian Valley of the Pyramids and Bosnia’s Indiana Jones<br /><strong>Tarik Dodic</strong> – Secretary General of Foreign Trade Chamber Bosnia who is leading a strong delegation of Bosnian business leaders<br /><br />The forum will be focusing on various sectors such as Higher Education, energy and power, biotech, agro-tech, Halal, Islamic Banking, tourism, and more.<br /><br />As for the bloggers who wish to attend and cover the event, will have the following access:</div> <ul style="font-family: verdana;"><li>Dedicated stage for bloggers to blog from during the main session </li><li>Access to all press conferences </li><li>Access to VIP speakers </li><li>Access to break out sessions for industry specific sessions </li><li>Broadband access to upload live </li><li>Pre and post-event access</li></ul> <div style="font-family: verdana;">To register as a blogger, or for more details, please send your contact details and blog site to either <a href="mailto:azizul@asiaprc.com" target="_blank">azizul@asiaprc.com</a> or <a href="mailto:diyana@asiaprc.com" target="_blank">diyana@asiaprc.com</a></div>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-1421143246205498702.post-29849539434594133292009-10-20T00:51:00.002+02:002009-10-20T00:54:40.271+02:00Malaysia Global Business Forum — Bosnia Herzegovina to be held in November<span style="font-family: verdana;">A forum aimed at exposing and exploring business opportunities in Bosnia-Herzegovina will be held in Malaysia from Nov 8 to 11.</span> <p style="font-family: verdana;" class="MsoNormal">The Malaysia Global Business Forum — Bosnia Herzegovina, organised by Glenreagh Sdn Bhd, will be held at the Borneo Convention Centre Kuching (BCCK).</p> <p style="font-family: verdana;" class="MsoNormal">Glenreagh managing director Nordin Abdullah said yesterday Bosnia-Herzegovina had been reported as one of the faster growing economies in South Eastern Europe, with a steady growth of five per cent per year since 2000.</p> <p style="font-family: verdana;" class="MsoNormal">“Bosnia-Herzegovina is one of the most stable countries in Europe. In addition, it will enter the European Union (EU) in a few years.</p> <p style="font-family: verdana;" class="MsoNormal">“Bosnia-Herzegovina is the gateway to the European market. However, there is not enough business going on in Bosnia-Herzegovina by Malaysian companies,” he told a press conference held at BCCK yesterday.</p> <p style="font-family: verdana;" class="MsoNormal">He pointed out that ‘halal’ food and renewable energy were the two key areas that businesses in Malaysia could consider in Bosnia-Herzegovina.</p> <p style="font-family: verdana;" class="MsoNormal">In order to further enhance that strong relationship between Malaysia and Bosnia-Herzegovina, various joint ventures between the two nations had been established, said Nordin.</p> <p style="font-family: verdana;" class="MsoNormal">For instance, Nordin said, the cooperation could be seen in the area of higher education, information technology and transportation.</p> <p style="font-family: verdana;" class="MsoNormal">“Besides, Bosnia-Herzegovina is a culturally diverse country which is very similar to Malaysia. I believe that the cultural similarity would be an advantage for Malaysian businesses,” he said.</p> <p style="font-family: verdana;" class="MsoNormal">The four-day forum would see the presence of heads of states and trade ministers while the most prominent figure would be former Prime Minister Tun Dr Mahathir Mohamad, said Nordin.</p> <p style="font-family: verdana;" class="MsoNormal">He explained that Dr Mahathir who during his tenure as the prime minister had been instrumental in providing the much needed support for Bosnia-Herzegovina and its people.</p> <p style="font-family: verdana;" class="MsoNormal">“Among the renowned speakers and presenters expected at the forum is Tun Dr Mahathir Mohamad who will be the keynote speaker at the dinner.<br /></p> <p style="font-family: verdana;" class="MsoNormal">“From Bosnia-Herzegovina are Bosnia Bank International chief executive officer Amer Bukvic and Foreign Trade Chamber of Bosnia-Herzegovina secretary general Tarik Dodic,” he said.</p> <p style="font-family: verdana;" class="MsoNormal">For further information on the Malaysia Global Business Forum — Bosnia-Herzegovina, members of the public can visit the official website at www.malaysiaglobalbusinessforum.com</p> <p style="font-family: verdana;"><span style="font-size: 12pt;" times="" new="" roman="">Also present at the press conference was BCCK chief executive Trevor McCartney.</span> </p>Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-1421143246205498702.post-31392178477944877742009-09-26T15:09:00.004+02:002009-09-26T15:27:54.589+02:00BH Telecom signs a 3G deal with Ericsson worth € 4.4 million<span class="Apple-style-span" style=" color: rgb(102, 102, 102); line-height: 13px; font-family:arial;font-size:11px;"><p style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; "><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;">BH Telecom, the largest operator in Bosnia and Herzegovina and Ericsson signed new contracts amounting to 4.4 million EURO. The contracts are related to the extension of 3G network, as well as to the upgrade of the core network of BH Telecom. The extension of 3G network confirms the satisfaction of BH Telecom with the cooperation with Ericsson, in the initial phase of introduction the 3G technology. The contract covers the delivery, installation and integration of the equipment, i.e. it is made on the turn key principle. The realization of the above projects starts immediately.</span></span></p><p style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; "><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;"> </span></span></p><p style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; "><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;"><br />Gordana Kovačević, MSc EE, made comments on the above signed contracts: „I’m very pleased, that on the basis of further extension of BH Telecom 3G network, we shall enable the offering of the advanced 3G services to the considerably larger number of Bosnia and Herzegovina citizens. This achievement is the result of the strategic commitment of BH Telecom to introduce new technologies, and simultaneously it confirms the excellent cooperation between the two companies”.</span></span></p></span>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-1421143246205498702.post-30980893871702133932009-08-04T01:54:00.003+02:002009-08-04T01:59:14.237+02:00Bosna Bank International starts financing purchase of agricultural land<span style="font-family: verdana;">Bosna Bank International (BBI) created a Security Food Program within which it is offering financing purchase of agricultural land. Financing is intended for interested individuals and corporate entities at favorable profit rates and simple procedures of the submission and processing of applications.</span><br><br /><span style="font-family: verdana;">BBI decided to create the Program and financing after an analysis of recognized research agencies, which anticipated huge worldwide shortage of food in the following two years.</span><br><br /><span style="font-family: verdana;">Within the Program, interested customers will also be able to receive financing for construction and refurbishment of agricultural facilities, purchase of agricultural mechanization, equipment, tools, trunks, seeds, etc. Bosna Bank International will also start activities in order to provide the interested applicants choice of better and more favorable land and help them in connecting with food producers and farmers, who could again help the applicants in changing of the land they bought into fertile soil. </span><br><br /><span style="font-family: verdana;">That way, BBI not only provides the clients with an opportunity to secure their own piece of land but to invest in actual value as well.</span>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-1421143246205498702.post-61550717617412411732009-07-25T12:18:00.003+02:002009-07-25T12:32:50.808+02:00Promo, Bosnian supplier of prefabricated houses, signs major contract in Iraq<span style="font-family:verdana;">Promo from Donji Vakuf, Bosnia, has become the exclusive partner in the construction of prefabricated buildings for the needs of Iraqi investors.</span><br /><br /><span style="font-family:verdana;">By signing the Memorandum of interstate cooperation with the Iraqi ministry of transport and communications, Promo - </span><span style="font-family:verdana;">the leader in manufacturing of prefabricated buildings in the region, </span><span style="font-family:verdana;">has become the exclusive partner in the construction of prefabricated buildings for the needs of the ministry.</span><br /><br /><span style="font-family:verdana;">- In early November this year, along with representatives of Hidrogradnja (othre Bosnian company), we shall visit Iraq. We expect to specify the details of the project, which would mean the construction of residential and holiday homes, school facilities, kindergartens, sports facilities and various support facilities - highlights Kemal Colak, CEO of Promo.</span><br /><br /><span style="font-family:verdana;">In his words, this contract will engage full production capacity of the company and will bring about increase of work force. The first deliveries should begin in the spring of 2010.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-8570259661276844442009-06-16T16:08:00.002+02:002009-06-16T16:19:11.951+02:00Freeborn Development Group (FDG) planning to invest in Bosnia<span style="font-family: verdana;">President of the American investment company Freeborn Development Group (FDG) Mr. John Freeborn presented the plan for potential investment to the representatives of the business community and the authorities in Brcko, Bosnia, a few days ago. </span><br> <br /><span style="font-family: verdana;"> FDG was also represented by Ibrahim Vajzovic from Brcko, who is a senior consultant at FDG. </span><br> <br /><span style="font-family: verdana;"> "Despite the present recession, there is money that can be invested. I managed to convince American investors to come to Bosnia and experience this favorable business climate" - said Vajzovic. </span><br> <br /><span style="font-family: verdana;"> He added that they held a series of successful meetings and presentation of investment plans in several Bosnian citiez, such as Brcko, Sarajevo and Tuzla. </span><br> <br /> <span style="font-family: verdana;">"We are interested in projects in various fields of economy, ranging from several hundreds of thousands of dollars, to several tens of millions. It's hard to talk about the final amount, because it depends only of the quality of the proposed projects "- explained Vajzovic. </span><br><br /><span style="font-family: verdana;"> Vajzovic said that they will take a dozen proposed projects with them for further analysis, and that they will be discussed in the next few months. </span><br><br /><span style="font-family: verdana;"> "We will conduct thorough analysis and we plan to return in October with proposals and the investment plans. We are interested in projects in the field of agroculture, meat production, wood processing, construction and mechanical engineering, but the list is not final" - said Vajzovic.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-86034082371044414632009-06-16T13:47:00.002+02:002009-06-16T13:49:53.108+02:00Italian investors purchase Bosnian IT-brandBosnian IT-brand "IT Computers", was purchased by an Italian investor, said Nihad Softic the CEO of IT Computers. <br /><br />"The brand "IT Computers" will in this way remain on the Bosnian market, and the new Italian owner will set a new direction," Softic said.<br /><br />In his words, a contract with the Italian investor was signed last week, details about the contract and the investor's identity will be announced next week.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-10591845448351838842009-06-03T13:27:00.004+02:002009-06-03T13:40:20.410+02:002,5 billion EURO investment in Bosnian energy sector<span style="font-family: verdana;">Elektroprivreda BiH is in the process of investment in new production facilities and renewable energy sources, as well as absorption of coal mines it recently acquired - said Jerlagić Amer, CEO of the company. </span><br> <br /><span style="font-family: verdana;"> "By the end of 2020 we plan to build new hydro, wind and thermal power plants with combined power of 1800 MW amounting to annual production capacity of more than eight TWh. The value of these investments is 2.5 billion euros," he added. </span><br> <br /><span style="font-family: verdana;"> "Investments in the rehabilitation of existing and construction of new facilities, in three coming years will amount to 700 million euros," said Jerlagić during his the welcoming address to the participants of international colloquium CIGRE, that started in Sarajevo today. </span><br> <br /><span style="font-family: verdana;"> Construction of new power plants, he says, is a prerequisite for development and positioning of Elektroprivreda BiH as leader in the region of south-eastern Europe. </span><br /> <br /><span style="font-family: verdana;"> Elektroprivreda BiH Sarajevo is the largest power producing company in Bosnia with 1670 MW installed capacity, annually producing 6.5 TWh of electricity, of which one third is exported or sold to other companies within Bosnia. Annual income of the company is 450 million and it supplies more than 670,000 customers.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-36789966363902041892009-06-03T00:15:00.005+02:002009-06-03T00:27:58.828+02:00Bosnian food producer - Klas - maintains strong export<span style="font-family: verdana;">"To the US we mostly export Bosnians cakes prepared according to traditional recipe. Thus, our cakes can be found in shops in the New York City, Chicago and Saint Louis. It is interesting to see that demand for our products has not decreased in the distant Australia either, "says Benjamin Vukotic, deputy CEO for sales and marketing.</span><br><br /><span style="font-family: verdana;">We have large demand for our cakes in Croatia while consumers in Denmark, Sweden, France and the Netherlands love our frozen traditional Bosnian bread (somun) that is widely used in many fast food restaurants.</span><br><br /><span style="font-family: verdana;">Among the most attractive products outside Bosnia is pastry, flour, especially our brand "Golden powder" and raspberries. Raspberries, grown, processed and packaged in Bosnia are mostly exported to Belgium, while biggest purchasers of flour are to be found in Sweden, and Montenegro.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-69651437738297252462009-05-26T23:06:00.003+02:002009-05-26T23:19:39.778+02:00Microsoft Innovation Forum held in Sarajevo, Bosnia<span style="font-family: verdana;">New Microsoft technologies and products were presented to the representatives of Bosnian governmental institutions, business life and media today in Sarajevo. Speaking about this important gathering of experts and managers, head of Microsoft in Bosnia - Mrs. Lejla Zukić-Krivdić pointed out that innovations are an inseparable part of this corporation. </span><br><br /> <br /><span style="font-family: verdana;"> "How important the market of Bosnia is for our corporation is illustrated by the fact that the head of the Microsoft Europe, Mr. Jan Muehlfeit, visited this event. In addition to his presentations he will also participate in a very interesting panel, together with eminent representatives of the Bosnian business and the academic community"- added the director of Microsoft in Bosnia.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-83083216784132828602009-05-26T13:08:00.001+02:002009-05-26T13:09:47.454+02:00Procurement notice from Bosnian Telecom - your chance to sell<strong><em></em></strong><span style="font-family: verdana;">BH Telecom Joint Stock Company Sarajevo has announced in the „Official Herald of B&H“ No. 38/09 from 18 May 2009 and on </span><a style="font-family: verdana;" href="http://www.bhtelecom.ba/poslovni%1f_odnosi.html" target="_blank">www.bhtelecom.ba/poslovni_odnosi.html</a><span style="font-family: verdana;"> the following: </span> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">Procurement Notice on GSM Installation Material by Open Procedure No. : 03-7468/09 </p> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">Subject to Procurement: </p> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">LOT 1 - GSM installation material: cables, connectors and roxtec for the GSM base stations </p> <p style="margin: 0pt; font-family: verdana;">LOT 2 - GSM installation material: installation equipment for GSM base stations </p> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">Place of Delivery: Place of delivery is according to Tender Documents. </p> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">Tender Submission Deadline: 15 June 2009 Up to 14:00 </p> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">Tender Procedure: Open procedure. </p> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">Orderer/Purchaser: BH Telecom Joint Stock Company Sarajevo, Obala Kulina bana 8, 71000 Sarajevo, Bosnia and Herzegovina. </p> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">Tender Documents: Protocol Office (every working-day from 08:00 to 16:00). </p> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">Payment for Tender </p> <p style="margin: 0pt; font-family: verdana;">Documents: Yes, 35.00 KM / 18.00 EUR </p> <p style="margin: 0pt; font-family: verdana;"> </p> <p style="margin: 0pt; font-family: verdana;">Web site: <a href="http://www.bhtelecom.ba/poslovni_odnosi.html" target="_blank">www.bhtelecom.ba/poslovni_odnosi.html</a> </p> <p style="margin: 0pt; font-family: verdana;"> </p> <span style="font-family: verdana;">Contact: amina.zekic@bhtelecom.ba or fax: +387 33 22 45 36</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-31007391776751819192009-05-22T22:10:00.007+02:002009-05-22T22:37:10.256+02:0073% exports growth make 2008 most successful year ever for Bosnalijek<span style="font-family: verdana;">2008 was the most successful business year ever for Bosnalijek, Bosnian big pharma company. </span><br><br /><br /><span style="font-family: verdana;">The company achieved growth in exports of 73 percent on annual level thus increasing it's share in total income from 25 percent in 2007 to 35 percent in 2008. Bosnalijek also maintained the leading position on Bosnian market.</span><br><br /><br /><span style="font-family: verdana;">The Board plans to pay part of its profit to shareholders.</span><br><br /><br /><span style="font-family: verdana;">The Supervisory Board has adopted a business plan of Bosnalijek for 2009, which anticipates continued sales growth on domestic and foreign markets. Continued global expansion is also envisaged. Planned revenues from sales amount to 112,7 million KM (ca 55 million €), an annual growth of 5,20%.</span><br><br /><br /><span style="font-family: verdana;">Since the beginning of 2009 Bosnalijek has launched eight new products on Bosnian market.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-81119607990637177172009-05-20T14:23:00.003+02:002009-05-20T14:25:57.061+02:00Bosnialijek, Bosnian pharma company, expands its operations in Algeria<span style="line-height: 170%; font-family: verdana;">The quality of Bosnalijek's products and <strong>59 years of experience are Bosnalijek's</strong> competitive advantages in Algeria, said <strong>Dr. Kamel Guesmi,</strong> director of Bosnalijek's representative office in this African country.During his recent visit to Bosnalijek, Dr. Guesmi confirmed that Bosnalijek, regardless of strong competition, would secure its place on the Algerian market.<br><br /><strong><br />The World Health Organization (WHO) </strong>has recognized only The Algerian National Drug Laboratory on the entire African continent. This country has very specific regulatory constraints and competitors from all over the world -especially from Jordan, Saudi Arabia, China and India.<br><br /><br />''Bosnalijek can offer a high quality product which meets the requirements of the Algerian Ministry of Health, and in contrast to competition, can offer case study results, such as the ones for the drug Lopril whose chances on this market are great''.<br><br /><br />According to Dr. Guesmi, <strong>Lopril, i.e. Enzypril</strong> is going to be a great success on the Algerian market where 3 million of inhabitants are affected by hypertension. Bosnalijek's products, Enzypril and Rhinostop, are currently going through a registration procedure in Algeria, which should be completed within a six months period.<br><br /><br />Apart from having a great market for drug placement, Algeria also offers possibilities for the transfer of technologies and know-how in the field of pharmaceutical production. Namely, according to the current regulations in force in this country, the manufacturer is obliged, two years upon registration of its products, to start the production of these very products in Algeria. </span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-36354689760912437152009-05-19T15:13:00.003+02:002009-05-19T15:17:08.502+02:00Presentation of the Bosnian auto cluster in Duisburg, Germany<span style="font-family: verdana;">Recently the Organization of Industrial and Economic Chamber (IHK) of Duisburg, organized a workshop on the topic of “(Still) Undiscovered Markets in Souteast Europe”.<br><br /><br />The emphasis, was placed at the automobile industry in Southeast Europe. Representatives of German commercial branch offices in Bosnia presented macroeconomic state in the country while representatives of Bosnian Auto cluster pointed to the potentials of these state in the accompanying automobile industry. Although global crisis in Germany still causes certain worries - the predicted economic growth for this year should be -5.0%, the interest for this region was still very good.<br><br /><br /></span><span style="font-family: verdana;">It should be emphasized that representative of Autocluster BiH and coordinator of Network Autoclusters SEE, in which clusters from Slovenia, Croatia, Serbia, Macedonia and Bosnia are included, had a very positive meeting with a representative of newly formed NEW (North Rhine and Westphalia). This cluster is developed on similar basis as Network of Autoclusters SEE, because it encompasses 8 independent and functioning automobile clusters from this German province. The meeting has shown that there are similarities in concept of development and enough meeting points for future possible joint activities.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-4532458907511150562009-05-19T12:18:00.001+02:002009-05-19T12:20:52.315+02:00Prime Minister lectures in Vienna on topic "Bosnia – Chances in the Economic Crisis"<span id="ctl00_contMain_FlashVijesti1_DataList1_ctl01_lblContent"><span style="font-family: verdana;">Vienna, May 19 – PM Nedzad Brankovic, on invitation of the Political Academy of Austrian National Party, Institute for the area of Danube and Central Europe (IDM) and World Public Forum “Dialogue of Civilizations” held a lecture yesterday at the Eschenbach Palace in Vienna on the topic “Bosnia – Chances in the Economic Crisis”. </span><br /></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-13399301974098020662009-05-17T17:34:00.004+02:002009-05-17T17:43:05.664+02:00Bosnian MIMS-group joins Clinton Global Initiative<span style="font-size:100%;"><span style="font-family: verdana;">Representatives of the MIMS-group attended closed preparatory working meeting with directors of companies that are members of Clinton Global Initiative, in Washington. MIMS-group recently become a member of this prestigious organization as the first Bosnian enterprise to do so.</span><br><br /><br /><span style="font-family: verdana;">The meeting was chaired by President Bill Clinton and moderated by Mr. Kemal Dervish, until recently director of the UNDP and current Vice-President of the Brookings Institute. Among others the meeting was attended by Mr. Muhtar Kent the CEO of Coca-Cola and Patricia Voertz, the CEO of Archer Daniels Midland, the largest company in the world in the field of Agriculture.</span></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-67468995922188980662009-05-16T19:41:00.004+02:002009-05-16T19:47:03.319+02:00Japanese interest in highway construction in Bosnia<span style="font-family: verdana;">On the margins of the annual meeting of the Board of Governors of European Bank for Reconstruction and Development (EBRD), held in London, Bosnian Foreign Minister Sven Alkalaj met with the Head of the Delegation of the Japanese Agency for International Cooperation (JICA) Mr. Hiroto Arakawa.</span><br><br /><br /><span style="font-family: verdana;">Minister Alkalaj and Mr. Arakawa exchanged opinions on current and future cooperation of Bosnia and Herzegovina and the Government of Japan.</span><br><br /><br /><span style="font-family: verdana;">Arakawa has expressed a special interest of Japan to participate in the grand project of highway construction through Bosnia on the international Corridor 5C, and with this in mind, agreed that concrete cooperation in this project should be agreed upon by the Embassy of Japan in Bosnia and Herzegovina.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-85980870952217089022009-05-16T16:15:00.005+02:002009-05-16T16:28:33.761+02:00Intensifying economic cooperation between Bosnia and Jordan<span style="font-family: verdana;">Bosnian Presidency member Željko Komšić and Jordanian King Abdulah II met in Amman and agreed that, in addition to the excellent cooperation on the political level and exceptional friendly relations, the two countries need to intensify economic cooperation between for which there are great opportunities in all economic areas.</span><br><br /><br /><span style="font-family: verdana;">King Abdulah II confirmed the return visit of the Jordanian Royal Couple to Bosnia during August</span><span style="font-family: verdana;">.</span><br><br /><br /><span style="font-family: verdana;">The press release states that Komšić participated in the work of two-day Summit of the World Economic Forum in Amman and the session "The Union for the Mediterranean", where new possibilities and modalities of cooperation between Mediterranean countries were discussed.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-17860634510654192122009-05-14T15:53:00.003+02:002009-05-14T16:03:12.768+02:00The 30th fair of building, civil engineering and architecture in Sarajevo in May<span style="font-family: verdana;">The fair "BUILDING AND RECONSTRUCTION" is a yearly event marking it's 30th anniversary this year. It's considered as one of the best economic events in the Region, through which novelties in the world of building, civil engineering and architecture are being presented. This year the even will take place 19-22 May as "Centar Skenderija" in Sarajevo, Bosnia.</span><br><br /><br /><span style="font-family: verdana;">The fair combines the following fairs:</span><br /><span style="font-family: verdana;">34th International fair of plastic and rubber - "PLAGRAM"</span><br /><span style="font-family: verdana;">31st International fair of building and accompanying building industry</span><br /><span style="font-family: verdana;">19th International fair of crafts, tools and machines</span><br /><span style="font-family: verdana;">13th International fair of heating, cooling, air-conditioning plants and sanitaria - "INTERKLIMA"</span><br /><span style="font-family: verdana;">8th International fair of installation, lighting, electro technique and industry electronic - "INSTAL"</span><br /><span style="font-family: verdana;">4th International fair of commune equipment and equipment for environment protection</span><br /><span style="font-family: verdana;">2nd International fair of commercial vehicles, transport, logistics and supporting industry</span><br /><span style="font-family: verdana;">1st Fair of Real Estate, investment and development. - ''SAREX''</span><br><br /><br /><span style="font-family: verdana;">In the past 13 years, over 9000 Exhibitors & Co-exhibitors were presented on "BUILDING AND RECONSTRUCTION", and in 2008. this manifestation gathered over 500 Exhibitors & Co-exhibitors on 18000 sqm of exhibition space.</span><br><br /><br /><span style="font-family: verdana;">More info </span><a style="font-family: verdana;" href="http://www.skenderija.ba/slike/events/gio2009/Gradnja_i_obnova_ENG_pismo_2009.pdf">here</a><span style="font-family: verdana;">.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-37877840595281084872009-05-12T15:41:00.003+02:002009-05-12T15:50:00.911+02:00Bosnia has excellent wind power potential<span id="ctl00_contMain_FlashVijesti1_DataList1_ctl00_lblContent" style="font-family:verdana;">Bosnia has excellent resources for using the wind power and it is one of its chances to attract foreign investments, generate jobs and increase its GDP. </span><br /><br /><br /><span style="font-family:verdana;"> These were some of the messages heard at today's presentation at the German embassy in Sarajevo, during which the ambassador of Germany to Bosnia - Joachim Schmidt - awarded the Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina the electronic wind map. </span><br /><br /><br /><span style="font-family:verdana;"> As the ambassador Schmidt said, it is a document based on meteorological data collected during 30 years, which allows assessment of the wind situation for each area of Bosnia. </span><br /><br /><br /><span style="font-family:verdana;"> Ambassador Schmidt has further stated that the total wind energy potential in Bosnia is about 2000 MW, but it is considered that around 900 MW could be utilized. </span><br /><br /><br /><span style="font-family:verdana;">It was also announced that the study showing how the possibilities of connecting proposed wind mill parks to existing electric grid, roads and other infrastructure will be presented by the end of the year. </span><br /><br /><br /><span style="font-family:verdana;">"Bosnia has excellent resources. Use the resources that are available" - said Dr. Sander, an international expert in wind energy.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-27294407312049324722009-05-11T20:29:00.003+02:002009-05-11T20:32:12.569+02:00Bosnia Bank International VIP Club holds presentation in Zenica, BosniaBosnia Bank International Club, a business club that was founded by BBI two years ago to help connect the Bosnian businessmen with the businessmen abroad with emphasis on liquid markets of the Organization of Islamic Conference (OIC), will be presented to local business people in Zenica on Wednesday 13th May.<br /><br />BBI VIP Business Club gives its members the opportunity to enter into direct contact with all companies and financial institutions from abroad that Bosnia Bank International has business relationships with in order to, through these links, help it clients on foreign markets and attract foreign investment to Bosnia and Herzegovina.<br /> <br />Presentation of the BBI VIP Business Club will be held on 13th May at 13:00 in the "Hotel Zenica" in Zenica.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1421143246205498702.post-86044614696604407212009-05-08T23:29:00.004+02:002009-05-08T23:33:00.578+02:00UniCredit Bank opens new credit line for Bosnian enterprises worth 45 million euro<span style="font-size:100%;"><span style="font-family: verdana;">On the meeting with the Bosnian Minister of Finance and Treasury Dragan Vrankić, director of UniCredit Group Alessandro profumo said that there was great interest for investment in infrastructure and energy projects in BiH. Profumo also announced signing a new contract with the European Bank for Reconstruction and Development, worth 45 million euros and the intended starting of credit line for lending to small and medium enterprises in Bosnia and Herzegovina.</span></span>Unknownnoreply@blogger.com0