This report covers the main macroeconomic releases from October 6 until November 5, 2015 as well as the financial and political events that took place in Bosnia during this period.
The International Monetary Fund (IMF) raised in its latest country report the economic growth forecast for Bosnia and Herzegovina to 2.1% for 2015 from the previous 2.0%, according to a country report. The estimation for the GDP growth for 2016 remained unchanged at 3.0%.
At the same time, the latest analysis of the Directorate for Economic Planning (DEP) noted that the real sector indicators for July give mixed signals on the economic activity in Bosnia in the third quarter of 2015.
The European Council said it is seriously concerned about the preparations of Bosnian Serb Republic to hold referendum on the state-level judiciary as it would challenge the cohesion, sovereignty and territorial integrity of Bosnia.
Meanwhile, the chairman of the tripartite presidency, Dragan Covic, said that Bosnia hopes to apply for European Union membership by December 2015.
Bosnia has not succeed to reform its energy sector in 2015 and lacks serious efforts to do so, according to the latest report of the Energy Community. The community adopted measures against the country as it failed to adopt the Second Energy Package in the gas sector.
On the corporate side, a consortium comprising Croatian oil and gas company INA and Hungary’s MOL is interested in replacing Royal Dutch Shell in an oil and gas exploration project in the Bosnian Federation, according to the entity’s Prime Minister Fadil Novalic.

Key points:
• CPI deflation widened to 1.8% y/y in September from 1.1% y/y in August
• The working-day adjusted industrial production rose by 1.7% y/y in September
• The foreign trade gap narrowed 7.0% y/y to BAM5.1bn (€2.6bn) in the first nine months of 2015