At today’s session held in Mostar, the Government of the FBiH adopted the Program of Expenditure with criteria for distribution of funds from liquid transfers defined in this year’s Budget of FBiH to the Federal Ministry of Development, Entrepreneurship and Craft. The amount is almost five million BAM, precisely 4.944.000 BAM, and funds will be paid to the users as grants.
Of the total amount, one million BAM is intended for the construction of business zones, 50.000 BAM are intended for incentives to innovators-individuals, and 70.000 BAM will be allocated for scholarships to students who study for scarce occupations and traditional crafts. Another 150.000 BAM will be allocated for the project of improvement of institutional entrepreneurship infrastructure, while 100.000 BAM will be paid to all associations, chambers and educational institutions and projects financed by the EU and other foreign donors.
Furthermore, 300.000 BAM is planned for technical adjustments (introduction of ISO and HACCP standards and provision of CE labels), 350.000 BAM for incentives to traditional and old crafts, while 700.000 BAM are intended for incentives to newly established subjects in small and medium entrepreneurship. Moreover, 350.000 BAM are planned for incentives to entrepreneurship for women, and the same amount for entrepreneurship for youth.
Project of strengthening the competition of technologically modern subjects in small and medium entrepreneurship will be supported with 1.424.000 BAM, stated the FBiH Government.
(Source: akta.ba)
