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Reading: Novalic: Increasing Employment is Evidence of Economic Recovery
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Sarajevo Times > Blog > OUR FINDINGS > OTHER NEWS > Novalic: Increasing Employment is Evidence of Economic Recovery
OTHER NEWS

Novalic: Increasing Employment is Evidence of Economic Recovery

Published January 30, 2017
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novalicPrime Minister of the FBiH Fadil Novalic reiterated that for implementation of the reforms that they have opted is requered much more time and that everything cannot be completed in one of the Government’s mandate.

He said that it is about time to stop solving problems when they occur, but that for issues of importance to all citizens of the FBiH it is a key to find medium and long term measures.

He put employment  in the focus of his address to members of Krug 99 since he considers them as a goal and consequence of economic growth, as well as reforms, since they first worked on laws from the field of fiscal and tax politics, labor legislation and business environment, and only now will follow reforms related to social aspect, the rule of law and public administration.

He explained that numerous misunderstandings related to a number of employees are occurring due to different data of Tax Administration which records each employee (26 700 new employees) and the Agency of Statistics of FBiH which collects data and forms that are filled only by those who employ more than 10 people (17 000 new employees).

“These numbers are just indicators of economic growth and recovery and the exit from the recession which was settled here in 2008 during the world economic crisis,” added the Prime Minister Novalic.

This year again, the Government of FBiH allocated new 30 million BAM in the budget for new employments, and additional loan for this purposes in the amount of 50 million EUR for BiH was approved by World Bank.

The highest number of people were employed by Bingo, a total of 498 people, while Prevent employed 436 people, but Novalic explains that in the FBiH there are 50 000 crafts which have one to five employees, meaning that highest number of people was employed by small businesses.

(Source: klix.ba)

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TAGGED:#employment#fadilnovalic#FBiH#investmenteconomic recovery
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