|The number of registered unemployed people in Bosnia increased by 3.1% on the year and by 0.4% on the month to 543,641 at the end of February, the countrys statistics office said in a statement. The office did not say to what jobless rate this figure corresponds. The number of unemployed people rose 0.9% on the month in January after climbing a monthly 0.8% in December. The number of people in paid employment totalled 687,138 at the end of February, down from 689,119 a month earlier. Out of end-Februarys total registered in paid employment 281,671 were women. Earlier this month, the governments Directorate for Economic Planning said in its 2012-2015 outlook report that Bosnias unemployment rate could rise to 44% this year because of the lower economic growth, scarce amount of investment and subdued industrial output. Similar to the previous two years, the sectors of manufacturing industry, construction, hotel and restaurants and trade would be the most exposed ones to the shrinking number of employees in 2012. This way the number of employed persons in Bosnia could decline 1.2% this year and the citizens purchasing power would remain weak. The Directorate sees the labour market stabilising to some extend in 2013, when there would be no significant rise in employment but less people are expected to lose their jobs. A more visible recovery is projected for 2014 and 2015 when the Bosnian economy is expected to improve in line with the global one.
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