The Government of the Republika Srpska (RS) has given its consent to the Ministry of Economy and Entrepreneurship on the Plan for the use of funds for the period January 1st – December 31st, 2022 in the amount of 12.000.000 BAM, which are planned to support the implementation of investment projects whose purpose is to procure modern technologies and equipment or development and innovation.
”It is important to note that these funds are directed to support economic entities from the sectors of the textile, clothing and footwear industry, industrial wood processing/processing of wood and wood products and furniture production, metal and electrical industry, rubber and plastic industry, paper and graphic industry, production of chemicals and chemical products, production of basic pharmaceutical products and pharmaceutical preparations as well as the construction products industry, ie production of other non-metallic mineral products, ” the Government’s Public Relations Office announced.
The mentioned decision enters into force on the day following the day of its publication, after which the Ministry, in accordance with the regulations in the field of incentives for direct investments, will issue a public call for funds and carry out the procedure for granting incentives.
At yesterday‘s session, the Government of the RS also considered the Analysis of the Application of the Law on Incentives in the Economy of the RS, the subject of which were incentives to increase the salaries of workers awarded in four accounting periods and covering the period from July 1st, 2019 to June 30th, 2021 and direct investment incentives which were awarded in 2019 and 2021.
“Based on the Analysis of the Application of the Law on Incentives in the Economy of RS, it can be concluded that the allocated incentives had an effect and justified the expected results, and the Ministry of Economy and Entrepreneurship is of the opinion that incentives in the economy should be maintained with recommendations for improving existing legal solutions,” it was explained in the announcement.
E.Dz.
