Bosnia and Herzegovina Country Report - November, 2016

December 14, 2016

This report covers the main macroeconomic releases from November 1 until November 30, 2016 as well as the financial and political events that took place in Bosnia during this period.
Bosnia & Herzegovina is among the countries assessed by its citizens to have the most severe corruption problems, according to a survey of Transparency International on Europe and Central Asia.
Three Western Balkan countries – Bosnia & Herzegovina, Albania and Macedonia – are among the top nine in terms of the percentage of emigrants, according to 2015 data from the United Nations, the Pew Research Center reported.
The government of Bosnia & Herzegovina said on November 10 it has approved a draft agreement with Russia on the settlement of a $125.2mn debt owed by the former USSR to the Balkan state when it was part of former Yugoslavia.
Bosnia & Herzegovina should focus on improving the business environment in the country in order to help reduce the jobless rate and boost FDI inflows, the International Monetary Fund (IMF) said.
Bosnia & Herzegovina’s economic growth is expected to accelerate to 3.4% in 2017 from an estimated 3.1% this year, according to the government’s economic projections for 2017-2019, adopted on November 10.

Key points:
• CPI deflation eased to 0.7% in October
• The working-day adjusted industrial production increased 4.5% y/y in October
• The foreign trade gap narrowed 3.6% y/y to BAM5.55bn (€2.84bn) in the first ten months of 2016

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