In 2015, the Ministry of Foreign Trade and Economic Relations of BiH issued permits for export of military equipment, armament and dual purpose products in the amount of 310 million EUR, which is by 100 percent more than in 2014.
Defense industry is an export-oriented sector and among five industries that achieve the best results in BiH when it comes to foreign trade. The national Ministry stated that they will support companies that this will this kind of production this year as well.
Legal regulations on national and entity level are being adjusted to the standards of the EU, so better results can be expected.
The largest companies in BiH that deal with production and placement of explosives and military equipment started generating record incomes, and agreements made in advance open them possibilities for further expansion of the volume of operations.
After two decades, the company Business System Vitezit from Vitez finally rises from the ashes and again becomes the brand in the production of commercial explosives, not only on domestic, but on the export market as well. The company employs 250 workers.
The most successful enterprises from this industrial branch are from FBiH. According to the volume of operations, export and the number of employees, companies that should be mentioned are Igman Konjic, Unis Ginex Goražde, Unis Pretis Vogošća, Zrak Sarajevo, BNT-TMIH Novi Travnik. Years of good operations, large number of demands from all over the world and increasingly large number of employees bring Igman Konjic back to the track of pre-war business success.
(Source: akta.ba)
