By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Bosnia and Herzegovina’s Economy records Losses of Several Billion BAM
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > OUR FINDINGS > OTHER NEWS > Bosnia and Herzegovina’s Economy records Losses of Several Billion BAM
OTHER NEWSOUR FINDINGS

Bosnia and Herzegovina’s Economy records Losses of Several Billion BAM

Published: September 15, 2020
Share
SHARE

President of the Association of Tourist Businessmen in Bosnia and Herzegovina (BiH) Senad Halilovic said that they are grateful to the Council of Ministers of BiH for finally opening the borders for all foreign citizens with a negative test for coronavirus not older than 48 hours, but that all levels of government should know that the decision was delayed for four months.

He added that 2020 was completely lost for tourism, hospitality, transport and many other activities.

Halilovic pointed out that the associations of employers, tourism entrepreneurs, hoteliers, the Chamber of Commerce and the Federal Ministry of Tourism and Environment have coordinated activities over the past seven months and persistently and daily appealed to the Council of Ministers to open borders as of June 1st, which is why our most endangered economy has losses that amount to several billion BAM so far.

“Such huge revenue losses in 2020 will result in less money in budgets in the amount of more than half a billion BAM. By the end of 2020, these losses will be significantly higher, and only then will it be clear to everyone in the Council of Ministers what damage the late decisions have caused,” stated Halilovic.

However, he adds that the decision of the Council of Ministers will enable them to improve business activities in 2021, when they expect a significant increase in income and new employment.

“We expect the Council of Ministers to allow free entry into BiH as soon as possible for all foreign citizens without conditioning the test, which is a great expense for every tourist, and following the example of Turkey and other countries that have completely simplified their procedures,” said Halilovic, Biznis Info reported.

Increased Parking Controls in Places marked for People with Disabilities
A Bosnian drawing Comics: from Childhood Dream to Success! (gallery)
Tourists and Citizens enjoy great Festival Atmosphere in Sarajevo
Minister Cikotic and Mennuti discuss ongoing Security Challenges in BiH
454th Jumps from the Old Bridge in Mostar held
TAGGED:#BiH#borders#councilofminister#decrease#opening#tourists
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Cikotic: A total of 6,101 Migrants reside in Bosnia and Herzegovina
Next Article Three Migrants rescued from Drowning in Drina River
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

Dylan Arouh won a Silver Medal for BiH at the International Economic Olympiad
August 13, 2026
Soreca: “BiH took another Step towards joining the Single Payment Area in Euros”
August 13, 2026
Plum Fair officially opened in Gradacac
August 13, 2026
Director of Srebrenica Memorial Center filed a Criminal Complaint against BiH Minister of Finance
August 13, 2026
Midnight Screenings at the 32nd SFF: Regional Films that Defy Convention
August 13, 2026
Heritage Foundation Lobbies for Third Entity in BiH: Primorac Came to Brussels, Met with Right-Wingers
August 13, 2026
Sarajevo under a Shower of Stars: The Perseids lit up the Sky above the City
August 13, 2026
US Congressmen concerned about the Hearing of the Employees of the Memorial Center
August 13, 2026
Fire near Jajce covered about Seven Hectares of Pine Forest, extinguishing difficult
August 13, 2026
Major Capital Market Reform in FBiH: What do the New Laws bring?
August 13, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?