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: As they threaten Secession, the Economy collapses in Republika Srpska
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 > As they threaten Secession, the Economy collapses in Republika Srpska
BUSINESS

As they threaten Secession, the Economy collapses in Republika Srpska

Published April 19, 2024
Share
SHARE

The textile, leather and footwear industry in the Republika Srpska is in big trouble. Demand has decreased, but so has production. All this led to the dismissal of workers. The Government of RS is announcing help, but what kind – they didn’t want to reveal.

The consequences of the global economic crisis were mostly reflected in the textile, leather and footwear industry in the RS. In the first two months, production was reduced by around 14 percent. Close to 300 workers were laid off. Business owners say they don’t remember a situation this bad.

“If you look at the percentages, how much exports have decreased, and how much the number of employees has decreased, a large number of workers are still kept by businessmen in the company and they are not employed enough. This burden of responsibility is mainly borne by business entities. I have many years. I have been in this industry for a long time, we have never had such a difficult situation”, says Radovan Pazurević, director of Sanino Derventa.

It is not only this area that is at risk. The crisis in Europe has brought the domestic economy into an almost hopeless situation. The current market trends are not encouraging either – there are no signs of recovery.

“Priority measures at this moment must be measures that will preserve the economy of the RS in such difficult times: reducing the negative effects of the economic crisis, technological development, education and technological development of workers.” This will be something we will work on in the future,” says Zoran Škrebić, president of the Union of Employers of the RS.

They informed the authorities about the problems. The Government of RS promises help, but does not talk about specific measures.

“If we start the story of what it is specifically – these three branches currently have certain privileges when paying taxes and contributions, so this will cause certain problems. I really don’t want to do it for them and for the sake of the government, but I said that it will be to everyone’s satisfaction, both workers and owners, as well as the budget of the Government of the RS”, says Vojin Mitrović, Minister of Economy and Entrepreneurship of the RS and (SNSD).

Export-oriented companies are in the biggest problem, because orders from abroad have decreased significantly. We also remind you that in the RS there have already been closures of companies from the textile industry. An example is “Mila textile” from Prijedor, Federalna writes.

Photo: archive

Positive Decision to Eastern Mining Company for Metals Exploration in Bosnia and Herzegovina

Family Fetahovic as Guardian of the Tradition: More than 200 years old Mill in Hrasnica

BiH still does not know whether it will participate in the EXPO Dubai 2020 Fair

Stable domestic food Production is a Condition for the self-sustaining Economy of BiH

Flaxseed oil from Bosanski Petrovac reached Dubai and Canada

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 New Head Coach: We will be proud when we wear the coat of arms of BiH
Next Article US Embassy: Denying genocide is an insult to victims of all nationalities
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

Japanese Film Festival in Banja Luka from February 4-6
February 3, 2026
Improvement of Bilateral Relations in the Focus of Meeting between Zvizdic and Ambassador of Ukraine
February 3, 2026
US Military says it shoot down Iranian Drone
February 3, 2026
“Functional BiH is One of the Key Pillars of Peace and Stability in the Region”
February 3, 2026
Only 15 Percent of Employers complied with tax-free Compensation for Workers
February 3, 2026
Uk, Czech Ambassador Discuss Possible Direct Air Line Between Sarajevo and Prague
February 3, 2026
BiH and Greece Reaffirm Strong Ties at Bilateral Consultations in Sarajevo
February 3, 2026
More than 400 former European Officials call on the EU to increase Pressure on Israel
February 3, 2026
Employers Allowed to Pay Workers Up to 300 BAM Per Month Tax-Free This Year
February 3, 2026
The First inclusive Ski Race “Skiing4all Sarajevo 2026” held
February 3, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?