Slovenian foundry Mariborska Livnica Maribor (MLM) is to open a subsidiary, MLM Alutec, in Bugojno, Federation government announced. The soon-to-be-established company will produce parts for the automobile industry in Western Europe . The Slovenian investor is to invest some EUR 6mn (KM 11.7mn) in its Bosnian subsidiary in the next 4 years. It is to ensure employment of some 50 workers in its first year of operations, while the employment will rise to 120 persons later on. The firm should generate revenues of EUR 3.9mn in 2010, according to earlier information from the Slovenian company. The realised turnover should increase to EUR 7mn in 2011, according to the plans. |
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