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: Analysis: Numerous Shortcomings in the Allocation of State Aid to public Enterprises
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 > BUSINESS > Analysis: Numerous Shortcomings in the Allocation of State Aid to public Enterprises
BUSINESS

Analysis: Numerous Shortcomings in the Allocation of State Aid to public Enterprises

Published: June 2, 2022
Share
SHARE

Yesterday, the Centers for Civil Initiatives (CCI) pointed out numerous shortcomings in the allocation of state aid to public enterprises in Bosnia and Herzegovina (BiH), the questionable expediency of that aid, and the unregulated system of its allocation.

CCI Public Relations and Media Coordinator Hasan Kamenjakovic specified at the press conference that according to the latest available report of the BiH State Aid Council, which was prepared in 2020 for 2019, state aid in BiH amounts to more than 432 million BAM.

He added that this amount includes the allocation for agriculture, which explicitly does not represent state aid that is controlled. State aid without aid for agriculture and fisheries in 2019 amounted to more than 264 million BAM, so the share of state aid in GDP in 2019 amounted to 0.80 percent.

”However, according to available data from state, entity, cantonal and local budgets, this assistance is significantly higher than the state aid presented in official data,” Kamenjakovic stated.

CCI project associate Aleksandar Draganic explained that the largest amounts are set aside for companies that have had great difficulties in doing business for years, such as Federation of BiH (FBiH) Railways and Republika Srpska (RS) Railways, and that it is tens of millions of BAM whose economic justification is questionable.

”It is interesting that state aid is also approved to public enterprises that irresponsibly constantly increase the number of employees, regardless of the fact that they are operating at a loss. However, state-owned companies that are profitable also receive state aid, which is an illogicality that no one is yet questioning,” Draganic pointed out.

Project coordinator CCI Emina Catic emphasized that it is necessary to strengthen the institutional framework for state aid control – from the functioning of the BiH State Aid Council itself and the existing way of working and decision-making within the existing institutional solutions to better and more efficient coordination of all other institutions and actors at all levels.

She also believes that more efforts should be made to identify all approved and allocated amounts, especially those from the budget, with information on their purposefulness, as well as illegal state aid because the current situation in this area is not sustainable.

E.Dz.

Dodik Spoke with EBRD Representatives
Analysis: The Price of Fuel in BiH
Remarkable Story on Namik Hrle- Bosnian most Innovative IBM Employee
Women from rural areas trained for project writing
BIGMEV: Signing the Agreement between Agencies ”Nerda” and ”Zafer”
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 MoI: All Reports of Bombs in Police Stations were false
Next Article Meeting of Brkic and Szynkowski: Poland supports BiH towards EU Integration and NATO
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

Council of Ministers of BiH to hold the Session Today
June 11, 2026
SBiH: Dodik Was Informed About Schmidt’s Departure, Institutions Know Nothing About a Process Redefining BiH
June 11, 2026
A Delegation of the Central Bank of BiH visited the Bank of England
June 11, 2026
Pressure from the Public or the Party Leader?
June 10, 2026
Becirovic: Respect for Sovereignty and Territorial Integrity is a Prerequisite for Regional Cooperation
June 10, 2026
Good News for the Dragons
June 10, 2026
Forto: Proposed Reduction of Fees for CEMT and Bilateral Permits
June 10, 2026
SDA: Cheap Deceptions will not pass, no Matter what Our Party does in the Fight for Power
June 10, 2026
FPA exempts Items as Evidence related to the Tragedy in Donja Jablanica
June 10, 2026
A Mosque without a Single Nail: A Gem of Sacred Architecture in Buzim
June 10, 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?