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: Four Million Euros allocated for Small and Medium-Seized Businesses in BiH
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 > BH & EU > Four Million Euros allocated for Small and Medium-Seized Businesses in BiH
BH & EU

Four Million Euros allocated for Small and Medium-Seized Businesses in BiH

Published: June 4, 2019
Share
SHARE

Four million Euros of the European Union grant funds allocated to 57 small and medium-sized enterprises and 25 development partnerships have enabled, among other, the international certification for 23 BiH enterprises. The certification raised the quality of their business operations to an international level and enabled access to new markets.

ISO/TS 16949:2009 certificate has enabled the company Sur-Tec Eurosjaj from Konjic to start providing a new service within the automotive industry. The new service is the production of metal coatings for vehicle parts.

“The majority of our key buyers work for the automotive industry, where this particular standard is the precondition for concluding new jobs. The buyers demand a guaranteed production quality, standardization of work and price transparency, and this certificate provides exactly that”, says Aida Badžak, the financial director of this company from Konjic, a leader in BiH market in the field of metal surface protection. “The production process is defined by the standard through more than 200 points in order to be able to obtain the highest quality of the product. That is why we are now in a position to respond to the requirements in the field of metal coating”, concludes Badžak.

By supporting the certification of enterprises with grants awarded through EU ProLocal, the European Union has contributed to strengthening the quality of business operations of SMEs and increasing their efficiency.

“Working in accordance with the international standards is an important factor for sustainable economic development in BiH which is being supported by the European Union. The companies have committed themselves to strengthening the system of quality control of both, products and services, and have introduced a more efficient monitoring of their business processes and operational costs. All this lead undoubtedly to new markets and creation of new jobs”, said Richard Maša, the Head of Cooperation at the EU Delegation to BiH.

The certification of systems, products and workers

23 BiH companies from the sector of metal processing, wood processing and agribusiness have met the conditions for acquiring a total of 45 certificates in different areas.14 companies have acquired the quality management certificates, enabling them for better business operations by increasing the work efficiency and quality of products and services, reducing the costs and human errors, while 10 companies have completed the certification procedure for the CE mark. The CE mark is the guarantee of the EU quality for metal products and metal constructions, thus enabling these companies in exporting to this attractive market.

The company Pavković Paneli from Široki Brijeg is also EU market export-oriented, they are currently in the final stage of negotiations with Germany, Slovenia and Croatia regarding the export of panels made in accordance with the quality standard for sound and thermal insulation ISO 12567-1.

The companies have also acquired the certificates in the field of environmental protection, energy efficiency and safety at work, which will reduce the number of injuries and increase work productivity.

“The application of international quality standards has become a key requirement for participation of companies in many global value chains. Therefore, we believe that the funds allocated through the EU ProLocal are in fact the investments in companies’ long-term commitment to continuous progress, business consistency and customer satisfaction”, said EU ProLocal Grant Manager Dr Gligor Stojkov.

The European Union finances EU ProLocal with EUR 9 million along with the 4 million provided by the German Government. Program provides support to local self-government and economic development in BiH and is being implemented by the German GIZ.

Slovenia appoints a Special Representative for the Western Balkans
Dodik: RS should be the main Negotiator with the EU
Arrival of PM of Serbia is an important Step for the development of the Serb-Bosniak Dialogue
Swimming Season opened at Boracko Lake
Dodik: It is difficult to achieve Reconciliation based on the History we have
TAGGED:#aid#BiH#development#local#moneyEU
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 BH Parliamentary Speaker met with NATO PA President Madeleine Moon
Next Article Four lost Shephards found on Bjelasnica Mountain
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

34 Years Ago, Defenders of Sarajevo Thwarted Aggressors’ Hellish Plan
May 17, 2026
Academic Freedoms at Universities in BiH increasingly threatened by Political Pressures
May 17, 2026
BiH and Moldova Move Toward First-Ever Scheduled Air Links
May 17, 2026
SOC: LGBTI Persons in BiH still without full Protection
May 17, 2026
Three Gold and One Silver Medal for Young BiH Athletes
May 17, 2026
Schmidt Signals Possible Breakthrough on State Property Issue in BiH
May 17, 2026
Bulgaria is the Winner of the 70th Edition of Eurovision Song Contest
May 17, 2026
New Debt of Republika Srpska on the London Stock Exchange Sparks Debate
May 17, 2026
BiH Footballer Kerim Alajbegovic says Goodbye to Austrian Red Bull Salzburg
May 16, 2026
Podgorica and Belgrade exchange messages after Vucic’s Statement on Montenegro’s Independence Day
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?