Tesanj is known as a “business miracle” in Bosnia and Herzegovina (BiH), i.e. a place with a large number of successful companies that achieve world-class results.
The business growth of this city continued in 2023.
Namely, the number of companies located in Tesanj with an annual income of more than one million BAM increased last year to 146. The year before, there were 138 such companies. So, six new companies joined this prestigious club in just one year.
In addition, many companies that have been in this club for a long time further improved their operations last year, such as Madi, AS, Mann+Hummel, etc.
Hifa-Oil retained its prestigious position as the largest company in Tesanj, even though its revenues dropped by about 60 million BAM last year. This was certainly expected because the revenues of this company depend heavily on the movement of oil prices, which were significantly lower last year than in 2022. Despite this, the company operated with a profit of about 15 million BAM, which will enable it to continue with the investment cycle in all spheres in which it operates.
It is practically impossible to count successful companies from Tesanj, and we should not forget those registered in other cities, whose owners are from Tesanj.
In general, the economy of Tesanj recorded further growth last year, which is good for the whole of BiH, because this is where one of the main engines of our development lies.
One of the problems faced by businessmen in Tesanj is the lack of labor force, which they are trying to overcome by bringing in workers from abroad – including those from distant countries such as Bangladesh – but also by expanding production to other, less developed cities.
Here is an overview of the 20 largest companies in Tesanj with the total revenues in 2023:
Hifa-Oil – 761,083,788 BAM
Madi – 278,251,575 BAM
AS d.o.o. – 178.154.272
Mann+Hummel BA – 109,234,140 BAM
Hifa – 89,826,304 BAM
Mepromex – 81,950,552 BAM
Farex – 70,836,062 BAM
Artisan – 34,151,039 BAM
Saracevic – 33,205,856 BAM
Koala Paintings – 31,089,935 BAM
Pobjeda – 27,193,292 BAM
Fortin – 23,148,653 BAM
Piro-Promet – 18,808,540 BAM
Silk-trade – 16,184,461 BAM
Kantic-touristik – 15,978,116 BAM
General hospital – 14,732,335 BAM
Muki export-import – 14,240,311 BAM
Dukat – 13,778,311 BAM
Eko-servis – 13,625,554 BAM
Inter – 13,059,880 BAM
Source: Biznis Info
