Bosnia & Herzegovina

Economic Background

Bosnia and Herzegovina has a stabile macroeconomic climate in South-East Europe, characterized by sustained stable currency and low inflation.
Mining and mining-related activities make up the bulk of Bosnia and Herzegovina's industry. Mining is important, and there are significant deposits of lignite, iron ore, bauxite, copper, lead, zinc, manganese, and other minerals.
Steel production, vehicle assembly, textiles, tobacco products, wooden furniture and domestic appliances are also important industries. Industrial capacity, largely damaged or shut down in 1995 because of the war, has increased. In 1998, industrial production grew an estimated 35%. Nevertheless, this figure remains lower than the pre-1992 rate, and in 2001, output stood only about half its prewar level.
Never particularly robust, Bosnia and Herzegovina's economy was shattered by the war that broke out after independence. Wheat, corn, oats and barley are the principal agricultural products of Bosnia and tobacco, cotton, fruits, and grapes of Herzegovina. Livestock is also raised.
Vehicle and aircraft assembly, oil refining, and the manufacture of steel, textiles, tobacco products, wooden furniture, and domestic appliances are important. There has been some development of the country's hydroelectric power resources and expectations for development of this sector are very high. Metals, clothing and wood products are exported, and machinery, chemicals, fuels and foodstuffs are imported.

General Information

The city of Sarajevo has been a crossroads and a meeting point for intellectuals and artists for centuries. The city has been a house and a safe haven to adherents of various cultures, ethnicities and religions.

The unfortunate aggression against the Bosnian people in the 1990s was an attempt to kill not only human beings but also an environment fostering open exchange of views rather than hostilities. That experience has shown the importance of open dialogue; and Sarajevo stands out as a symbol of the need of the revival of it.

Geographical position
Sarajevo is situated in the area of Sarajevo plain, which is surrounded by mountains Bjelasnica and Igman from the Southwest, by Trebevic from the Southeast, middle-range mountains and inter-valley headlands (capes) on the North and Northwest.

Time zone
CET – Central European Time (Europe)
GMT +01:00

Climate
- medium continental
- average summer temperature 19,1 C
- average winter temperature – 1,3 C
- average annual temperature 9,5 C

Currency
The official currency is Convertible Mark (KM); 1 KM = 100 fennig.
Currency code is BAM.
- Coins: 5, 10, 20 and 50 pfennig; 1, 2 and 5 KM
- Banknotes: 10, 20, 50, 100 and 200 KM
Convertible mark exchange rate (KM) is fixed to EURO (1,95 KM = 1 Euro).

Exchange currency facilities:
- Banks
- Post offices
- Exchange offices

Bosna Bank International
Tel: 27 51 31, 27 51 00
- Workdays 08:00 – 18:00
- Saturday 08:00 –13:00
- Sunday closed

ATMs ( Visa Electron, Visa Classic)
• Trg Fra Grge Martića 4
• Trg Djece Sarajeva bb
• Džemala Bijedića 2
• Rustempašina 31, Ilidža

Post office
- 7 days a week 07:00 – 20:00 (Main Post Office)

Shopping Mall (BBI Center)
- Workdays 08:30 – 22:00
- Saturday 08:30 – 22:00
- Sunday 08:30 – 22:00

Power supply
- Voltage 220 V ~
- Frequency 50 Hz

Water: Water supply system in the city delivers clear and drinkable water.

Tourist information Center

Sarajevo International Airport

City Guide

City Map

Establish a Company

Incentives for foreign investors

Investment Climate

Useful Studies

Water treasure and energetic potentials of Bosnia and Herzegovina

Author: Enes Sarač, Director & Permanent representative of B&H with WMO

Hydrometeorogical Service, Federation of Bosnia and Herzegovina


Tel: +387 (0) 33 276 700

Fax: +387 (0) 33 276 701

e-mail: meteobih@bih.net.ba


Why to Invest in BiH? & Investment Oppurtunities

prepared by PGlobal