The shareholders of Pale-based resort operator Olympic Centre Jahorina have decided to leave their 2010 loss of KM 1.1mn (EUR 0.6mn) uncovered, the company said in a filing to the Banja Luka Stock Exchange. Thus, the accumulated loss of the company, together with losses from previous years totalling KM 0.4mn, will sum up to KM 1.5mn. The company's KM 48.3mn share capital as at end-2010 will remain unchanged. The loss of Olympic Centre Jahorina quadrupled y/y in 2010, while its total assets decreased by 14.5% y/y to KM 51.7mn. Olympic Centre Jahorina manages the Jahorina resort near Sarajevo. Investment Development Bank controls 65% of the company, while the Serb Republic restitution fund and pension disability insurance fund own 14.3% and 6.9%, respectively. The company planned to invest KM 36mn in the 2008-2011 period. |
The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more
Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more
Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more