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Bosnia and Herzegovina: Doing business & staying in touch
Doing business in Bosnia and Herzegovina
The Yugoslav civil war that broke out in 1992 brought Bosnia & Herzegovina's economy to a standstill. Most post-war international aid was directed to reconstruction of the Muslim-Croat region. The Republika Srpska got much of its industrial sector working again with support from Milosevic's Yugoslavia but this was set back by its war with NATO in the late 1990s. Since then, the central government has received loans, totalling approximately US$250 million, from the IMF.
The growth rate is currently 5.5%, while inflation stands at 1.6%. Unemployment, which officially is around 30%, is currently the biggest problem facing the economy.
Keeping in Touch in Bosnia and Herzegovina
Roaming agreements exist with some international mobile phone companies. Coverage is average.
Normal post takes approximately one week to reach its destination, while heavier packages could take up to 10 days. Coins, bank notes, precious metals and stones, narcotics, alcohol, firearms and ammunition are not permitted to be sent by mail.
Since the war in Bosnia and Herzegovina, the media is no longer steeped in propaganda, but it is still only partially free, with journalists under pressure from state bodies and political parties to somewhat censor their content. This is thanks to the 1995 Dayton Peace Accord efforts, although this has had limited success. The most influential broadcasters are the public radio and TV stations operated by the Bosnian Muslim-Croat and Serb entities. New independent commercial channels are now in development. The main newspapers for the Federation of Bosnia and Herzegovina, Dnevni Avaz and Oslobodjenje, are published in Sarajevo.
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