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.

Monthly Coupons for unemployed Persons in Sarajevo Canton will be cheaper
Major General Reinhard Trischak met with BiH’s Minister of Defense
Illegal Cross-Border Pushbacks by Croatian Police into the Territory of BiH continued
Council of Ministers of BiH adopted the Strategy for the Control of Small Arms and Light Weapons
Day of Mourning because of Death of Four Young People in Livno
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

Podgorica and Belgrade exchange messages after Vucic’s Statement on Montenegro’s Independence Day
May 16, 2026
Budimir: We have the most prepared Police Agency in BiH
May 16, 2026
Construction of the New Mostar Airport Terminal Worth 1.5 Million Begins
May 16, 2026
He Was a Yugoslav Sports Legend, Now Facing Hard Times: “I Collect Bottles, I Am Not Ashamed”
May 16, 2026
New Adrenalin Attraction Overlooking the Neretva: Via Ferrata “Prenjska Vrata” for the Brave and Adventurous
May 16, 2026
A Major Turnaround in Pretis: Instead of Huge Profit – a Multi-Million Loss
May 16, 2026
Motorway Sections in the Federation of Bosnia and Herzegovina to Open in 2026
May 16, 2026
Modest Economic Recovery: Can Bosnia and Herzegovina Sustain a Positive Trend?
May 16, 2026
“The CHALLENGE” Exhibition on Italian Sports Design Opens at the Olympic Museum Sarajevo
May 16, 2026
Uk to Dodik: The Economy does not know Political Tensions, Sarajevo is a European city where Everyone is welcome
May 16, 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?