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: How will the Institutions of BiH save 1.7 million BAM?
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 > OUR FINDINGS > OTHER NEWS > How will the Institutions of BiH save 1.7 million BAM?
OTHER NEWS

How will the Institutions of BiH save 1.7 million BAM?

Published: November 22, 2016
Share
SHARE

union-bankaThe institutions of BiH will move from the current address on the Square of BiH in Sarajevo neighborhood of Marijin Dvor, into a new building at Dubrovacka Street. They will move to the building of the Union Bank, which will be purchased for a total of 22,346,433.00 BAM.

The Council of Ministers of BiH, on the proposal of the Service for Joint Affairs of the Institutions of BiH, made the Decision on approving the project of buying the building for the accommodation needs of the institutions of BiH in Sarajevo.

It is the building of Union Bank Sarajevo, with the surface of 7,617 square meters at Dubrovacka Street 6, with a total cost of 22.3 million BAM, of which nearly 9.5 million BAM, which were previously secured in the budget for the purchase of the building, will be paid in 2016, and the remaining amount will be paid successively in the next four years, until 2020.

The reason for the purchase, according to the Council of Ministers of BiH, is the need to resolve permanent accommodation of institutions in Sarajevo, with the aim of financial savings on rents paid by the institutions of BiH. By purchasing the facility, BiH will save more than 1.7 million BAM annually for the costs of renting.

“For the implementation of the Decision on approving the purchase of the building for accommodation needs of the institutions of BiH in Sarajevo were provided funds in the amount of 9.4 million BAM. In particular, 9 million and 486,837.00 BAM was left from purchase of other buildings in Mostar, Tuzla, East Sarajevo and Banja Luka,” as explained in the reasons for the Decision.

The newly purchased building in Sarajevo has a total area of 7,617.02 square meters for accommodation of BH institutions. The facility has 129 offices in which can be accommodated from 400 to 440 employees.

They explained that, economically speaking, the investment will pay off in 7-8 years and will ultimately resolve the permanent stay of a number of institutions of BiH and thereby reduce the amount of the lease which is currently paid.

For the realization of purchases are in charge the Service for Joint Affairs of the Institutions of BiH and the Ministry of Finance and Treasury of BiH.

(Source: E. S. H./Klix.ba)

Decision on the Publishing of Census Results finally reached!
Students attending Faculty of Psychology in Visit to Court of BiH
Many Women experience Violence in BiH
Positive Story: Serbs helping Bosniaks to rebuild the Mosque
Three Bodies were found in the House that burned down last night in Sarajevo
TAGGED:#building#savings#spaceaccomodationBH institutionsUnion Banka
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 Do you know what Dodik’s Alliance with the West looked like?
Next Article Export from BiH increased and Import decreased
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

Oil Prices record Fall
November 2, 2026
CEC BiH announces the Confirmation of Election Results
November 2, 2026
American The Atlantic: Dodik Expected at Major MAGA Movement Gathering at Trump’s Florida Estate
November 2, 2026
Energy Expert Warns: New Price Increases as of January, Winter Could Further Drive Up Prices
November 2, 2026
Sharp Rise in the Number of Business Entities with blocked Accounts
November 2, 2026
EUFOR paid its Final Respects to four Italian Personnel who lost their Lives in the Helicopter Accident
November 2, 2026
BiH imports 80 Percent of Food: Domestic Production does not meet Market Needs
November 2, 2026
New Medal for Emina Sipovic: Bronze at the International Tournament in Moscow
November 2, 2026
Bodies of deceased Italian EUFOR Personnel transported from Tuzla to Italy
November 2, 2026
Two Earthquakes struck BiH
November 2, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?