Bosnia and Herzegovina has been in a process of economy
reforms, trying to make use of its rich resources.
Before the war, Bosnia and Herzegovina concentrated on the
of basic goods (wood, agricultural produce, iron bars) and
products (parts of cars, parts of shoes, parts of
furniture). Other regions
of former Yugoslavia bought these intermediate products and
them to make final consumer products. Because of the war, these buyers had to find new suppliers.
Ever since the Dayton Peace Accords were signed at the end
Bosnia and Herzegovina has been in a long, slow and painful
process of economic recovery. The reform process has been slow for a
reasons. There is no tested recipe for the economic
revitalisation of a
place that left the world economy as part of a centrally
re-emerged as a war-torn independent country in a
competitive free market
economy. It is simply not known what such a country should
And yet, not all is bad.
The currency is strong, inflation
is low, the
country is not heavily indebted, and much of the
infrastructure has by now
been reconstructed. Bosnia and Herzegovina is on track to be
a new member of the Europe Union. The country is focused on
cutting back its bureaucracy, privatise its public
companies, and attract foreign investments.
Its strategic economic growth plan relies on wood
processing, agriculture, tourism, steel, mining, services,
textiles and construction materials. The
of Bosnia and Herzegovina are its rich, lush forests and
abundant crystal clear mountain rivers. We aim to protect
our natural resources and provide alternative means to
sustainable growth through eco-tourism, SME development, and
agriculture (particularly small scale organic agricultural).