Bosnia’s Serb Republic GDP grew a real 1.3% y/y in the second quarter of 2013, after expanding 0.9% in Q1 helped by higher manufacturing and public administration sectors' output, the entity’s statistics office said. In seasonally-adjusted terms, second-quarter GDP increased by 1% q/q, following a 0.5% q/q rise in the first three months of the year.
The manufacturing output, which accounts for 9.7% of the entity’s GDP, rose 10.1% y/y, whereas the public administration sector (holding a 19.2% share in GDP) went up 1.9% y/y.
Conversely, wholesale and retail trade (17.2% share) and real estate sectors (4.8% share) contracted by 0.8% y/y and 0.9% y/y, respectively, in April-June. The construction sector (a 4.4% share), which have been declining in annual terms since January 2009 (latest available), likewise remained in the red, declining by 3.0% in Q2.
The Serb Republic's economy contracted by a real 1% in 2012, following a 0.8% growth the year before, on falling agricultural, manufacturing and utilities output and shrinking construction and real estate activity. According to local analysts, the entity’s GDP will likely expand 2.0% this year supported by higher industrial output and sales abroad. The Serb Republic’s GDP accounts for around one third of Bosnia’s total GDP. The Republic makes up Bosnia and Herzegovina together with the Muslim-Croat Federation.
Amid the furore over Hungarian Prime Minister Viktor Orban’s visit to Tbilisi immediately after the allegedly stolen October 26 general election, a visit by the country’s President Tamas ... more
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more
EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more