This report covers the main macroeconomic releases from October 1 until October 30, 2016 as well as the financial and political events that took place in Bosnia & Herzegovina during this period.
European Union foreign ministers called on October 17 for Bosnia & Herzegovina to focus on improving the functioning of its judicial institutions and to step up the fight against terrorism and organised crime.
Milorad Dodik, the president of Bosnia’s Serb-dominated entity Republika Srpska, and the Croat representative in the Bosnian tripartite presidency, Dragan Covic, secretly support each other with the mutual aim of breaking up Bosnia & Herzegovina, former Croatian President Stjepan Mesic has claimed.
Bosnia & Herzegovina’s election body, CIK, confirmed on October 17 that Srebrenica will have its first Serb mayor since the end of the 1992-1995 Bosnian war. Mladen Grujicic, the candidate of all Serb parties in Srebrenica, won the mayoral seat in the October 2 local elections, gaining 54.38% of the votes. Bosniak candidate Camil Durakovic, who was Srebrenica’s mayor until the elections, came second with 45.45% support.
Bosnia & Herzegovina’s economy grew by 1.4% y/y in the second quarter of 2016, slowing from a revised 1.9% annual increase in the previous three months.
The Energy Community has not extended the sanctions against Bosnia & Herzegovina that were imposed last year due to the country’s failure to adopt the Second Energy Package in the gas sector, Foreign Trade Minister Mirko Sarovic said.
• CPI deflation slightly eased to 1/% y/y in September
• The working-day adjusted industrial production increased by 3.6% y/y in September
• The foreign trade gap narrowed 3.2% y/y to BAM4.95bn (€2.53bn) in the first nine months of 2016
To Purchase This Report - Click
Just the threat of new “crushing” US sanctions that may be adopted in the autumn is already hurting the Russian economy in August. The Ministry of Economic development has already revised the ... more
Iran’s economy expanded by 3.7% during the 2017-2018 Persian calendar year (ended March 20), according to a report released by the Central Bank of Iran (CBI) on June 16. Further revisions of ... more
Belarus' economic growth was higher than expected in the first half of this year topping 4.5%, which is almost twice the 2.8% forecast at the start of the year. The government is using the windfall ... more