By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo 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: An Investment of 25 Million Euros was announced in Srebrenica
Share
Aa
Sarajevo Times
Aa
  • 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 > BUSINESS > An Investment of 25 Million Euros was announced in Srebrenica
BUSINESS

An Investment of 25 Million Euros was announced in Srebrenica

March 13, 2023
Share
SHARE

The director of the company “Dacit” in Srebrenica, Petar Kovacevic, said that the preparations for the start of exploitation of dacite stone are in the final phase.

He says that the opening of this company was prolonged due to his health condition and other administrative tasks that need time to be completed. ”It is true that my health condition slowed down the preparations, but it is certain that the works will begin. We are still waiting to get a permit to carry out the works and the commission to go to the site, after which we will start the work, which should be soon,” said Kovacevic.

Also, he mentioned that he spoke with the mayor of the municipality of Srebrenica about it and informed him of the preparatory works so far. The Government of the RepublikaSrpska (RS) granted this company a concession in February 2021, and on the Day of the municipality of Srebrenica, the start of the work of this company was announced as soon as weather conditions allow it.

The concession was granted for a period of 25 years, and the total value of the investment for the realization of this project is 313,000 BAM.

When signing the concession in April of the same year, the concessionaire undertook, in accordance with the contract, after putting the quarry into commercial operation, to pay the concession fee in the amount of 5 percent of the revenues generated by the concession activity to the budget of the RS, of which 90 percent of the funds will be directed to the budget of the municipality of Srebrenica, it was announced at the time from the Ministry of Energy and Mining of the RS.

Also, it was previously said that after the start of the quarry work, it is planned to provide an investment of around 25 million euros for the construction of a stone wool factory made of dacite, which is used in Europe as an insulating material and replaces Styrofoam, which, he said, will soon be withdrawn from use.

Kovacevic pointed out that the company will produce about 50,000 tons of stone wool and employ 150 to 200 workers, while the initial plan is to employ 25 people, Biznis Info reports.

E.Dz.

You Might Also Like

The Call to Prayer marked the Beginning of Ramadan (video)

BiH Security Minister on a Working Visit to Belgium

High Representative Schmidt meets Hungarian Foreign Minister

Conference “Priorities in the Process of searching for Missing Persons“ held in BiH

Chairperson of the BiH Presidency to participate in “Water for Sustainable Development” Conference in New York

TAGGED: #bosnia, #bussiness, #investment, #news, #politics
admin March 13, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article An expansion of online sales channels and Increase in Traffic in BiH
Next Article Above-average warm Weather in Bosnia and Herzegovina
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2k Followers Like
10.1k Followers Follow
414 Followers Follow

Latest News

The Ambassadors of the Peace Implementation Council Steering Board held Meeting in Sarajevo
March 22, 2023
The Call to Prayer marked the Beginning of Ramadan (video)
March 22, 2023
BiH Security Minister on a Working Visit to Belgium
March 22, 2023
High Representative Schmidt meets Hungarian Foreign Minister
March 22, 2023
Conference “Priorities in the Process of searching for Missing Persons“ held in BiH
March 22, 2023
Chairperson of the BiH Presidency to participate in “Water for Sustainable Development” Conference in New York
March 22, 2023
The Richest Man in the World is looking for a Worker in BiH
March 22, 2023
The Prison on Igman Mountain is opening soon
March 22, 2023
Szijjarto: BiH can count on Hungary in the Process of Joining the European Union
March 22, 2023
Zvizdic: Euro-Atlantic Integration remains a Key foreign Policy Priority of BiH
March 22, 2023

You Might also Like

WORLD NEWS

The Call to Prayer marked the Beginning of Ramadan (video)

March 22, 2023
POLITICS

BiH Security Minister on a Working Visit to Belgium

March 22, 2023
POLITICS

High Representative Schmidt meets Hungarian Foreign Minister

March 22, 2023
OTHER NEWSOUR FINDINGS

Conference “Priorities in the Process of searching for Missing Persons“ held in BiH

March 22, 2023
Sarajevo Times
Follow US

© 2012 Sarajevo Times. All Rights Reserved.

  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT

Removed from reading list

Undo
Go to mobile version
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?