Bosnia and Herzegovina - Media Review – November 9

DNEVNI AVAZ

- Bosnian economists said there is no danger of hyperinflation in the country but on the backdrop of a budget deficit and lower purchasing power even a price increase of 2.0%-3.0% could pose a threat.

NEZAVISNE NOVINE

- Indirect tax revenue in Bosnia is seen raising on an annual level for the first time this year in November, while in the first half of 2010 it could increase 15% to 20% compared to January-June 2009, the director of Bosnia’s Indirect Taxation Authority, Kemal Causevic, said.

- Many well-known international financial firms have started exploring the investment opportunities afforded by the capital market of Bosnia’s Muslim-Croat Federation, Almir Miric, the executive manager of trading and surveillance department at Federation’s Sarajevo Stock Exchange, said.

- An Austrian tie-in comprising Alpine and Swietelsky has been awarded a 85 million euro deal for the upgrade of 165 kilometres of railroads in Bosnia, Dragan Calovic, head of the Project Implementation Unit in Bosnia’s state-owned railways operator BHZJK, said. A total of six international construction firms took part in the tender. The selection of the tender winner, which is due to sign the upgrade contract this week, has been approved by the European Investment Bank and the European Bank for Reconstruction and Development which are providing funding for the project.

($=0.6684 euro)