Download Bosnia & Herzegovina's Business Environment (Gobal Market by Marat Terterov PDF

By Marat Terterov

Doing company with Bosnia & Herzegovina is the definitive advisor to funding possibilities and enterprise perform during this Balkan country. It offers an aim review of the commercial and funding weather, details on marketplace strength in key sectors, and authoritative suggestion at the mechanics of making an investment in or doing enterprise during this hugely influenced kingdom. even though nonetheless depending on foreign monetary relief and UN peacekeeping forces, B&H is totally dedicated to monetary reform and has started a gentle transformation to a marketplace economic climate. even if the department of the financial system among jurisdictions has made fiscal policy-making tough, the economic climate has recorded remarkable development because the Nineties. A imperative financial institution has been manage and a standard foreign money mounted to the Euro effectively introduced. For overseas traders B&H now presents a good and liberal atmosphere for enterprise improvement and a terrific hyperlink among Western Europe and japanese Europe and the previous Yugoslavia.

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Along these lines, the main Serbian parties and the Party for Democratic Action made an agreement on constitutional changes. 1 Another important change in 2006 was that some competences were given to the bodies of Bosnia and Herzegovina from the OHR. However, the inability to accept a new constitution has prolonged the life of the OHR. The democracy score for Bosnia and Herzegovina, prepared annually by Freedom House, demonstrates slow but persistent improvement in the field of democratization of Bosnia and Herzegovina.

Taking note of the progress made towards EU integration and the improvement in economic indicators, the international rating agency Moody’s Investors Service upgraded Bosnia and Herzegovina’s credit rating in May 2006 from B3 to B2, with sound prospects for an upgrade in the future as well. Bosnia and Herzegovina was awarded its first rating by Moody’s in March 2004. By building a functional state and strengthening political stability through reforms of the existing constitution of Bosnia and Herzegovina, by accelerating EU integration processes as well as by 28 An Introduction to the Economy and Business Environment preserving economic stability, in upcoming years we can expect even further upgrading of Bosnia and Herzegovina’s credit rating.

As illustrated by the list above, banks in Bosnia and Herzegovina, aside from engaging in the standard business activities of a deposit–loan nature, are allowed to perform other financial business activity, which in turn enables banks to be classified as universal and semi-functional banks typical of European institutions. The institutional framework for regulating and supervising the banking sector in Bosnia and Herzegovina is different from that in the European countries in that banking supervision is performed by the Banking Agency of the Federation of Bosnia and Herzegovina, the Banking Agency of the Republic of Srpska and, partially, the Deposit Insurance Agency of Bosnia and Herzegovina.

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