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Reading: ITA acquires Building in Banja Luka for 99 Million BAM
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Sarajevo Times > Blog > BUSINESS > ITA acquires Building in Banja Luka for 99 Million BAM
BUSINESS

ITA acquires Building in Banja Luka for 99 Million BAM

Published July 24, 2025
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The Indirect Taxation Administration (ITA) of BiH has accepted an offer to purchase the “Grand Trade” building owned by Mile Radišić for 99 million BAM for the purposes of housing its employees and the Regional Center in Banja Luka.

The decision accepting Radišić’s offer was signed today, July 24, by Zoran Tegeltija, Director of the Indirect Taxation Administration of BiH.

This, unless something unforeseen happens, ends a multi-year saga in which Grand Trade was the only bidder for this job, but the tenders were dropped after numerous pressures that the price was too high.

According to Tegeltija’s decision, the purchase of the Radišić building has been divided into two lots.

The first relates to the purchase of the existing building for housing employees and supporting equipment for the Head Office, and the ITA has accepted to pay 56,929,256 KM excluding VAT, or 66,607,346 BAM including VAT.

The second lot concerns the acceptance of the offer of 27,322,680 BAM excluding VAT, or 31,967,535 BAM including VAT, for the purchase of an existing building for the accommodation of employees and supporting equipment for the headquarters of the Regional Center Banja Luka.

As further stated, representatives of Grand Trade submitted the necessary certificates confirming that they meet the tender conditions for this job.

The ITA says that the procedure for the purchase of the aforementioned buildings for the needs of the Administration was approved on March 26, 2025, and that the public procurement/tender was opened on April 1.

At that time, the ITA BiH approved 99.5 million KM from the budget for these purposes.

They point out that since then they have received certain complaints about the tender documentation, which they corrected in previous months, and finally, on June 9 of this year, the tender was closed.

Only Grand Trade responded to it, which was the practice in previous years.

According to Nezavisne, Grand Trade submitted its bid just before the public procurement procedure was closed, at 11:05 a.m., 55 minutes before the deadline.

After the tender was closed, a Public Procurement Commission was appointed, which, after conducting checks, concluded on July 23 that Grand Trade’s bid was acceptable and that it met all the requirements.

The intention for the ITA BiH to purchase the buildings from Radišić has been the subject of criticism by opposition parties in the RS for years. In addition, the House of Representatives of the Parliamentary Assembly of BiH had previously, at the proposal of the Anti-Corruption Commission, adopted conclusions calling on the ITA BiH to abandon the purchase of the building owned by Radišić.

Questions that have arisen in the public domain include the fact that the tender was rigged for the company of a man close to Milorad Dodik. However, Dodik said that the story about Grand Trade and the deal with the Indirect Taxation Administration was created with the intention of preventing the development of companies in the Republika Srpska and to tolerate the way large companies from the Federation enter the market of this entity.

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