The year 2024 was one where challenges and opportunities intertwined, testing Bosnia and Herzegovina’s (BiH) resilience and ability to adapt to changing circumstances both domestically and globally. While the political and economic landscape faced numerous difficulties, including uncoordinated reforms, economic turbulence, and rule-of-law issues, opportunities for development and progress also emerged.
These opportunities came in the form of new initiatives, fostering social responsibility, and economic and technological advances that could shape a more stable future. In the following lines, we provide an overview of the ten most significant events that marked 2024, events that will leave their imprint on our country in the years to come and lay the groundwork for its future development – or at least provide valuable lessons.
Devastating Floods in October
At the beginning of October, BiH experienced its most severe floods since 2014. The hardest-hit municipalities included Jablanica, Fojnica, Kresevo, Kiseljak, and Konjic. The floods resulted in 27 fatalities and caused extensive damage to infrastructure, leaving many communities isolated due to damaged roads and bridges. Local residents criticized the authorities for insufficient preparedness, while volunteers and international organizations quickly responded with aid. The Federation of BiH (FBiH) government declared a day of mourning and initiated investigations into the potential causes and accountability for the disaster.
Despite the difficult circumstances caused by the floods, local elections were held on October 6th. Due to damage in certain municipalities, voting was postponed and later conducted in Kiseljak, Kresevo, Konjic, Fojnica, and Jablanica. The results showed that the political scene remained stable, with minimal changes at the local government level. However, voter turnout was lower than in previous years, leading analysts to conclude that political apathy and the aftermath of the floods influenced citizens’ participation.
Increase in minimum wage
The government of the FBiH decided to increase the minimum wage to 1.200 BAM, which received mixed reactions. Labor unions welcomed the decision, while employers warned of potential consequences for small businesses. The increase provided relief to many workers facing rising living costs, but it also raised questions about aligning other social benefits and pensions with the new standards.
Opening of Corridor Vc highway
The section of the Corridor Vc highway between Tarcin and Konjic was completed, significantly improving traffic flow between Sarajevo and the southern regions of the country. This infrastructure project was highlighted as one of the most important for connecting the country with the region and boosting the economy. Local tourism workers expressed hope that the new section would attract more tourists from Croatia and beyond.
20th anniversary of the rebuilding of the Old Bridge in Mostar
To mark the 20th anniversary of the Old Bridge’s reconstruction, Mostar hosted an international conference titled “Dialogue for the Future.” The event brought together government representatives, diplomats, and international organizations to promote the importance of dialogue and reconciliation. The “Mostar 2024 – Declaration for the Future” was signed, emphasizing the need for collaborative efforts to preserve peace. Residents of Mostar reflected on the bridge’s symbolism as a unifier, while young volunteers participated in numerous cultural activities.
Progress in the European integration process
The European Commission commended BiH for progress in implementing reforms, particularly in the areas of justice and the economy. However, it emphasized the need to intensify the fight against corruption and increase transparency in public administration to maintain the pace of European integration. Civil society and NGOs called for better communication between the government and citizens to make reform processes more understandable.
Economic Forum in Sarajevo
In March, Sarajevo hosted a major business forum showcasing BiH‘s potential in IT, renewable energy, and tourism. The forum attracted international investors and opened the door to new projects that could bring significant economic growth. The role of young entrepreneurs was particularly highlighted, with their innovative startup projects garnering considerable interest from investors.
Achievements of BiH athletes
The BiH sitting volleyball team won silver at the European Championship, reaffirming their status as one of the most successful teams in the sport. Additionally, young athletes from BiH achieved notable results in international competitions, bringing optimism for the future of sports in the country.
Introduction of digital fiscal cash registers
A new e-fiscalization law came into effect at the beginning of the year. The introduction of digital fiscal cash registers improved business transparency and enabled more efficient combat against the informal economy. Small and medium-sized enterprises noted that the process required additional investments, but it promised easier business operations in the long run. Citizens welcomed the measure, expecting greater transparency in tax calculations and better control over product and service prices.
Protests to protect rivers
Citizens and environmental activists across the country organized massive protests against the construction of small hydropower plants, demanding the protection of rivers and natural resources. This civic movement gained international attention and raised questions about the government’s environmental responsibility. Activists emphasized the importance of preserving rivers for future generations, receiving support from numerous artists, athletes, and public figures.
Intensified sanctions
In 2024, BiH faced intensified international sanctions targeting certain politicians and business entities. The United States (U.S.)imposed sanctions on Stasa Kosarac, Minister of Foreign Trade and Economic Relations of BiH, as well as individuals and companies linked to the family of Milorad Dodik, the president of the Republika Srpska (RS) entity.
The Office of Foreign Assets Control (OFAC) of the U.S.Department of the Treasury added Vladimir Perisic and Elpring d.o.o. to its list of sanctioned individuals and entities from BiH, citing direct ties to Igor Dodik, the son of Milorad Dodik.
Sanctions against Milorad Dodik and his son Igor had been previously introduced by the U.S.
