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: Export of Arms from BiH amounts to 600 Million BAM
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 > Export of Arms from BiH amounts to 600 Million BAM
BUSINESS

Export of Arms from BiH amounts to 600 Million BAM

Published January 18, 2017
Share
SHARE

surplus ammunitionLast year, 228 licenses for the export of arms and military arms from BiH has been issued.

The total value of goods on the licenses issued amounts to 305,460,670.00 Euros, or 597,429,142.00 BAM. There are more products for which the license was requested in the last year,  and they are in the process of obtaining necessary approvals from relevant ministries.

The previously mentioned was confirmed for N1 Television from the Ministry of Economic Relations and Foreign Trade of BiH. The following are exporters in FBiH who have excelled in sales in 2016:

UNIS “GINEX” d.d. – Goražde, “IGMAN” d.d. – Konjic, “Pobjeda Technology Goražde” d.o.o. – Goražde, “PRETIS” d.d. – Sarajevo, BNT „Tvornica mašina i hidraulike“ d.d. – Novi Travnik, “BINAS” d.d. – Bugojno, and “MATRA GROUP” d.o.o. – Banja Luka.

Last year, four requests for licenses for the export of arms were rejected, namely the ones for military equipment and dual-use products. Two requests were rejected because the applicant did not provide complete documentation for the license. The other two requests were rejected because they have not received any prior approval from the relevant ministries.

Approvals from the Ministry of Security, Ministry of Foreign Affairs and Ministry of Defense are needed in order for the person to get the export licenses. Otherwise, the result is growing export of products of military industry in BiH. Compared to 2015, exports in 2016 (€ 241,755,103.00 – 472,831,883.00 BAM), increased by 25 percent.

Idea of the first HUB Homework in BiH

Interesting Story: Sead Kapetan makes amazing Decorative wood Pieces

Experts predict Economic Growth Rate in Bosnia-Herzegovina

Salary increase for Soldiers and Civil Servants, but not for Politicians

The Youngest BH Writer Faris Sacic talks about his Works

TAGGED:#ammunition#arms#BiH#export#increase#success
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 When to expect the continuation of Motorway construction?
Next Article Dodik is on the Blacklist of the USA
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

Drama in Cardiff: Dragons Win on Penalties, Set Up Play-Off Final Clash with Italy!
March 27, 2026
Becirovic – Landau: BiH has concretely proven that it is a reliable Partner of the USA
March 26, 2026
Greek Ambassador Efthymiadou: Strong Support for BiH’s EU Path and Regional Stability
March 26, 2026
Republika Srpska borrows additional 500 Million Euros
March 26, 2026
Iran formally responds to US 15-point Proposal
March 26, 2026
Workers at the “Nova Ljubija” Mine start Hunger Strike
March 26, 2026
BiH’s Stability in Focus: EUFOR and NATO Gather Top International Leaders in Sarajevo
March 26, 2026
IDF Strike kills IRGC Navy Chief in Strait of Hormuz
March 26, 2026
BiH FM meets with the US Special Envoy for Monitoring and Combating Antisemitism
March 26, 2026
Police Officers in Sarajevo Get Higher Risk Allowance and Improved Benefits
March 26, 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?