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: Mostar Tobacco Factory officially sold
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 > Mostar Tobacco Factory officially sold
BUSINESS

Mostar Tobacco Factory officially sold

Published May 28, 2022
Share
SHARE

As it was found out, the company “Mikra-Matic” from Siroki Brijeg on Friday, practically, on the last day of the deadline given to them, submitted proof of payment for the purchase of the Mostar Tobacco Factory (FDM) to the Mostar Municipal Court in the amount of five million and 10.000 BAM.

Thus, finally, after many years of uncertainty, an end was made to the story of the sale of this real estate which is one of the four oldest companies in Bosnia and Herzegovina (BiH), in which the Federal Government has 67 percent of the state capital at its disposal.

They have been waiting for more than a decade

The sale of the company’s complex, a real estate that covers an area of ​​19.903 square meters, will also mark the end of the agony of 130 workers who have been waiting for more than a decade to resolve their status.

On March 22nd, the Municipal Court of Mostar, after the failed procedure from 2019, announced the sale of this complex through a public auction, and as it turned out, the real estate of FDM was estimated at 21 million BAM.

At that time, Ibrahim Jassim Abdullah Ibrahim Alhuwai from Dubai was assessed as the first-ranked bidder, who did not pay the six million marks he offered on March 22nd within the given deadline.

In the meantime, the second-ranked bidder Komochem d.o.o. from Visoko who offered 5.5 million marks gave up.

The next step

On April 27th, the Court announced the conclusion on the sale of immovable real estate of FDM real estate to the third bidder “Mikra-Matic” from Siroki Brijeg, who has now paid the money.

The next step is to schedule a court hearing and make a decision on the distribution of paid funds. FDM workers are registered at 40 percent of the value of the real estate, and the rest is on the Federation of BiH (FBiH) Tax Administration.

To recall, at the end of October 2013, after seven failed calls for the sale of the state capital, the workers initiated the procedure of selling movable and immovable property, then for only 1.1 million, J.T.N. “Tobacco” got all the machines used in the production process. Exactly one year ago, the FBiH Government made a decision to initiate the bankruptcy of the FDM, but there was no progress, Avaz writes.

E.Dz.

Fulfilling the “Passport Competence” – The Hope for Lower Unemployment in B&H

Luxury Bikes produced in Travnik reach High Prices abroad?

Sanski Most: Project “Female Entrepreneurship in Rural Tourism”

European Movement in Bosnia establishing Business lobby in BH

SPARK: IT Practices of BiH compared with the ones in the UK

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 Mostar and Osijek have twinned with the Aim of strengthening Tourism
Next Article BiH Citizens are increasingly taking housing Loans
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

The US Military is preparing for possible Multi-week Military Operations against Iran
February 14, 2026
Criminal Charges against Dodik and Associates for lobbying for the Independence of the RS
February 14, 2026
Becirovic and Wadephul discuss the European Path and the Security of BiH
February 14, 2026
17-Year-Old Girl Injured in Tram Accident still in Critical Condition
February 14, 2026
A Gala Evening In Maryland Opened A New Chapter In The Partnership Of The USA And BiH
February 14, 2026
Protests on Saturday Over Sarajevo Tragedy: Citizens Called to Gather in Front of the National Museum
February 14, 2026
“Acquaint International Partners with Destructive Practices that threaten the Constitutional Order of BiH”
February 14, 2026
Today is a Day of Mourning in Sarajevo
February 14, 2026
Rutte: NATO will not accept a Security Vacuum in BiH, let them think about what that could mean
February 13, 2026
BiH FM met with Irish Minister of State Thomas Byrne
February 13, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?