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: How do Citizens of BiH survive?
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 > How do Citizens of BiH survive?
BUSINESS

How do Citizens of BiH survive?

Published: October 14, 2023
Share
SHARE

The question remains, how do the citizens survive? The consumer basket of almost 3 thousand marks is five times higher than the minimum pension and salary. The crisis does not exist only for politicians, who, according to estimates, earn up to eight times more than citizens.

Pensioner Ljuba Pejić has reduced her purchases since the prices started to go wild. Follow where what is cheaper.

“It is very difficult for us pensioners. The pensions are small and the children are good for us, they help us a lot and we make ends meet”, Pejic said.

In the Zvono consumer association, they point out that citizens give up many things in order to survive. Most people no longer buy by the kilogram, but by the piece. They believe that the increased inflows into the budgets from VAT are a consequence of rising prices, and not the purchasing power of citizens, which has significantly decreased.

“Prices on the market have increased compared to last year, some products by 100 percent. One class of citizens lives very well. In our country, stratification is present when it comes to the quality of life”, it was stated from “Zvono”.

Citizens in the consumer basket spend the most on food, almost 50 percent, while coverage by the minimum wage is 20 percent. The Association of Independent Trade Unions of Bosnia and Herzegovina considers the limitation and individual waiver of margins on some products to be an insufficient and short-term measure. They emphasize the need to help local producers and invest more in agriculture.

“To make a list of 100-150 or more products as other countries have done and to limit their prices to prohibit the increase of those prices for a certain period of time”, says Lejla Causevic from Federation of Independent Trade Unions of Bosnia and Herzegovina.

A long period of falling production costs is needed to bring down prices, according to economists.

“When we have an increase in oil prices on the world market, our prices follow that increase very quickly, but when that drop occurs at gas stations, it drops much more slowly.”

The interlocutors conclude that retail chains were really hunting in the dark and making additional profits during inflation and unjustifiably raising the prices of products whose costs did not increase, because they were produced earlier.

Embassy of Italy organizes the First Business Forum Italy – BiH
10 Million Eggs from BiH went to European Facilities
Fifth Sarajevo CEFTA Meeting of Deputy Ministers Held
A Record Daily Production in “Dita“, Job worth 200.000 BAM realized
After 25 Years, the Zenica Hospital performs demanding Operations on Oncology Patients
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 US Secretary of State Blinken met with Palestinian President Abbas
Next Article Sarajevo hosts a regional Meeting of Prosecutors
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

Plane carrying Ratko Mladic’s Body lands in Belgrade
September 3, 2026
POSKOK files an Indictment against Federal Minister Vojin Mijatovic
September 3, 2026
Distinguished Visitors Day Marks the Culmination of Exercise Quick Response 2026
September 3, 2026
International Residual Mechanism for Criminal Tribunals hands over Remains of Ratko Mladic to next of Kin
September 3, 2026
From Glorification to Profit: The Image of Ratko Mladic Was Used for Paid Ads
September 3, 2026
The First BiH Drones attracted the most Attention at the Defense Industry Fair
September 3, 2026
Vucic: Ratko Mladic’s Body Recovered, Expected to Arrive in Serbia This Afternoon
September 3, 2026
“Quick Response 2026”: Preservation of Peace and Security is a common Interest of all of us
September 3, 2026
Technology for Trust: Democracy starts at the Ballot Box, protecting every Vote is protecting Democracy
September 3, 2026
BiH Border Police prevent 96 People from illegally crossing the Border
September 3, 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?