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Reading: Cenic: ”Citizens of BiH survive thanks to the Money from the Diaspora”
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Sarajevo Times > Blog > BUSINESS > Cenic: ”Citizens of BiH survive thanks to the Money from the Diaspora”
BUSINESS

Cenic: ”Citizens of BiH survive thanks to the Money from the Diaspora”

Published August 28, 2022
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”Citizens of Bosnia and Herzegovina (BiH) survive thanks to money from the diaspora, which they still send, and where there may be a delay with the bill for a few months, then it is late, and then something is paid, ” said economic expert Svetlana Cenic.

”The average salary is not a benchmark because salaries of 5.000 and 7.000 and those of 600 and 700 BAM are all included, so it is not a benchmark at all. It is necessary to separate each profession, and each category and then calculate the average salaries. But whatever that salary is, apart from the highest salaries, it is impossible to survive. The political elite learned a long time ago that nobody protests here. I cannot defend the standard of the citizens if they themselves do not take care of it in the sense that they do not even ask where the money is, that they do not protest, that they remain silent,” Cenic stated.

She says that in the post-war period this is by far the highest inflation in BiH.

”Some smart countries worked in time to preserve the purchasing power of the population as much as possible, and we also have the fact that many prices are rising unjustifiably. And there is that psychological moment where, for example, wholesalers, knowing in advance that inflation is rising, drastically increase prices, and even raise the prices of those items on the shelves that haven’t moved or anything, but the reason is Ukraine. And then they bring back the price a little and it’s advertised as a discount, and people buy as if it’s free. People aren’t interested, we don’t have consumer protection. I laughed out loud at what the governments formed, which “limited the margin”, because they don’t have that control mechanism and because it is more profitable for the trader or anyone else to pay a fine or treat the inspector because his profit is much higher. Citizens are never, never interested in where their money goes, how the money is spent, where the money disappears,” she points out.

Cenic states that she is not worried about the stability of the banking sector, but that she is irritated by the terrible price increase for banking services.

As for loans, as long as the Euribor rises, so will those loans and interest. If you had taken a loan in dollars, it would have been like with the Swiss. I suggested that something similar to what was done in the pandemic should be done. Reprogram the people. The banking sector is more than liquid, it is stable. Another thing is that the prices of banking services are rising obscenely. I think that we should react there as well,” Cenic emphasized.

She also emphasizes that BiH is a country that is losing its population the fastest.

”When you listen to politics, it’s great for us, it’s wonderful. You look at reality and it’s terrible. The one who starts telling the truth will have a vote from me,” Cenic added.

Regarding the work of the Parliament, the Council of Ministers, she says that the grade is big minus.

”And 5 in the index means that you took the exam, that the professor questioned you. They don’t even allow themselves to be questioned because you are a traitor, because you are shot immediately. Elections are bought, and elections are destroyed by what the population has. If the citizens are not interested in their fate or their standard, there is no one who will do anything if the citizens themselves do not make an effort. Politics never does anything because it loves you, but because it is forced to do something, so if you apply pressure, maybe it will do something. In our country, obviously, nothing will be solved until everything is shaken from the bottom. Otherwise, our fate is certain,” Svetlana Cenic concluded.

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TAGGED:#BiH#bosnia#diaspora#money
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