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: Government will be committed to the Strengthening of economic Circumstances
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 > Government will be committed to the Strengthening of economic Circumstances
BUSINESS

Government will be committed to the Strengthening of economic Circumstances

Published: May 13, 2016
Share
SHARE

pakistani-textile-industry3Submitting a report on the last year’s work of the Government of FBiH to the House of Peoples of the Parliament of FbiH, Prime Minister of FbiH Fadil Novalić said that this Government will still be committed to the strengthening of economic circumstances in BiH and the creating of better social environment, which the Government did in the reporting period.

In the past year, the Government was working on laws from the Reform Agenda and it will stay committed to its implementation, focusing exclusively on the action plan.

In 2015, for the first time after 2008, the number of unemployed in FBiH decreased and the trend continues. The export increased, and although the import increased as well, its growth was still lower that the growth of export. The accumulated budget deficit also decreased and the index of industrial production and the GDP increased by 29 percent, Novalić said.

Of the laws that the Government worked on last year, Novalić mentioned numerous ones, including the Labor Law.

„The Labor Law was passed and the General Collective Contract was adopted. We continue negotiating regarding the branch collective contracts and we strive to create a new climate when it comes to legal and labor environment,“ Novalić said.

The Prime Minister also mentioned the laws on profit taxes, economic societies, market of securities, voluntary pension funds, as well as laws on contributions, direct foreign investments, budgets, and numerous other acts and regulations. Among these are also regulations which lead to greater fiscal responsibility, as well as numerous regulations which may sound „benign“ at first, but they yield exceptional results in economy.

In the field of improving social circumstances, one of the first measures of this Government was the limitation of public spending and moratorium on new recruitment in public sector. This was effective, after a continuous growth of spending in public administration.

Last year, the Government also reached two difficult, but very significant agreements, with pensioners and miners. Its endeavors, along with other conditions on the market, contributed to the reduction in gas price as much as three times in one year.

Since March 31 until December 31, 2015, the Government adopted 18 draft laws and 41 proposals of laws at 58 sessions, 23 of which were urgent.

(Source: klix.ba)

Non-functioning of Federal Securities Commission caused Blockade of Hundreds of Millions of BAM
BiH CoM extends the ban on the export of Wood Assortments
Implement Reforms To Improve Living Standards
Appearance of 181 Meters High New Skyscraper revealed in Sarajevo (video)
Sarajevo Business Forum 2016 presented in Dubai
TAGGED:#economy#GDP#industry#plansBUSINESS
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 Success: Wild Onions from BiH on Tables in Germany
Next Article Wood Industry of BiH Exports 4 times higher than Imports
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

Konakovic and Ginkel discuss BiH-US Partnership, Political Stability and Energy Security
November 11, 2026
Komsic and Becirovic at COP31 Leaders Summit in Antalya
November 11, 2026
Germany donates Funds for Helicopter Hangars in BiH
November 11, 2026
Cvijanovic in New York at a reception hosted by Trump’s biggest Donor, Miriam Adelson
November 11, 2026
Mayor of Novi Travnik and the ambassador of Switzerland discuss State Property and Investments
November 11, 2026
15 Persons arrested in POSKOK Operation; approximately 150 Kilograms of Drugs seized so far
November 11, 2026
Filipovic: The Aim Is a Stable Parliamentary Majority and Efficient Executive Power
November 11, 2026
Daniel – The Last Patrol: Honouring Courage, Service and Sacrifice
November 11, 2026
The Hague rejects Mico Stanisic’s Second Request for early Release
November 11, 2026
Major Operation underway: Dozens of individuals targeted on suspicion of Drug Trafficking and Money Laundering
November 11, 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?