Business news from Ukraine

Business news from Ukraine

Ukraine and Bosnia and Herzegovina to Introduce “Visa-Free Travel for Transport” Starting in 2027

According to Sebsky Economist, Ukraine and Bosnia and Herzegovina have agreed to liberalize international freight transport: starting January 1, 2027, bilateral and transit road transport between the countries will be carried out without permits.

The agreement was reached during the first meeting of the Joint Commission on International Road Transport in Sarajevo, the Ministry of Community and Territorial Development of Ukraine reported.

Prior to the launch of full “transport visa-free travel,” the parties agreed to increase the quota of permits for freight transport until the end of 2026. This should provide carriers with more opportunities already during the transition period and reduce the risk of permit shortages for businesses.

For Ukrainian and Bosnian carriers, the abolition of permits means a reduction in administrative burdens, more predictable route planning, and simplified transit.

For the Western Balkans region, this agreement also has practical significance. Bosnia and Herzegovina becomes yet another country through which Ukraine will be able to develop more flexible transport links with Balkan markets, the Adriatic, and neighboring countries in the region. This could be important for the export of Ukrainian agricultural products, industrial goods, construction materials, and processed goods.

Bosnia and Herzegovina will become the 36th country with which Ukraine has liberalized freight transport conditions. This regime has already become one of the tools for integrating Ukrainian logistics into the European transport space, as it allows carriers to operate without constant dependence on bilateral quotas and permitting procedures.

For the “Serbian Economist,” the key takeaway is that Ukraine continues to gradually integrate into the transport network of Southeast Europe. Following the conclusion of agreements with the EU and a number of European countries, the extension of “transport visa-free travel” to Bosnia and Herzegovina strengthens Ukraine’s logistical ties with the Balkans and creates new opportunities for trade in a region where routes, border procedures, and market access are becoming no less important than tariffs themselves.

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Central Election Commission of Bosnia and Herzegovina has scheduled general elections for October 4

According to the “Serbian Economist,” the Central Election Commission of Bosnia and Herzegovina has scheduled general elections for October 4, 2026, the country’s election commission reports.

About 3.3 million registered voters will be called upon to elect the new composition of the country’s highest authorities at several levels. Voting will take place for members of the collective Presidency of Bosnia and Herzegovina, deputies to the House of Representatives of the Parliamentary Assembly of Bosnia and Herzegovina, the Parliament of the Federation of Bosnia and Herzegovina, the National Assembly of the Republika Srpska, the president and vice presidents of the Republika Srpska, as well as cantonal assemblies within the Federation of Bosnia and Herzegovina.

The elections will traditionally be one of the key political events in the region, as Bosnia and Herzegovina remains a state with a complex system of governance, where a significant portion of decisions depends on the balance between Bosniaks, Serbs, and Croats, as well as on relations between the two entities.

At the state level, citizens elect three members of the BiH Presidency: one Bosniak, one Croat, and one Serb. The Bosniak and Croat members are elected within the Federation of Bosnia and Herzegovina, while the Serb member of the Presidency is elected within the Republika Srpska. At the same time, a state-wide parliament is formed, upon which the work of the BiH Council of Ministers depends.

The elections will take place against the backdrop of ongoing political tensions in the country. In recent years, the Republika Srpska has remained the center of conflicts between the entity’s authorities, BiH state institutions, and the international community. Reuters previously noted that the leadership of the Republika Srpska had been pushing a separatist agenda, which hindered the implementation of reforms and the work of state-level institutions.

For the region, the election results will be significant in terms of Bosnia and Herzegovina’s stability, its European integration, relations with Serbia and Croatia, as well as the role of international institutions that continue to participate in supporting the Dayton system.

Bosnia and Herzegovina is structured as a complex state established following the 1995 Dayton Peace Agreement. The country consists of two main entities: the Federation of Bosnia and Herzegovina and the Republika Srpska, as well as the separate Brčko District with special status. The Federation of BiH, where the majority of the population consists of Bosniaks and Croats, is further divided into 10 cantons with their own authorities. The Republika Srpska has its own government, parliament, and president. The Brčko District formally belongs to both entities but effectively functions as a separate self-governing administrative unit under the sovereignty of BiH.

This system makes BiH one of the most complex countries in Europe in terms of governance. In practice, power is distributed among the state level, the entities, the cantons, and the Brčko District. Therefore, elections in the country are not only a contest between parties but also a test of the balance between different ethnic communities, levels of government, and foreign policy orientations.

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Economy of Bosnia and Herzegovina – overview from Relocation

Relocation project has analyzed economic indicators of Bosnia and Herzegovina. For convenience, the data are presented in blocks by topics and areas.

1. GDP growth and economic development rates

  • The International Monetary Fund (IMF) forecasts real GDP growth of 2.8% in 2025.
  • The World Bank expects 2.7 % growth in 2025 and a further acceleration to 3.1 % in 2026.
  • Analysts at wiiw also forecast 2.4% growth for 2025, based on a recovery in domestic consumption and demand from the EU.
  • The Western Balkan regions as a whole are projected to grow ≈3.2 %, but growth could be below average for individual countries, including Bosnia.

2. Nominal GDP and per capita income

  • According to Wikipedia, Bosnia and Herzegovina’s nominal GDP at the end of 2025 is expected to be ≈ $29.86 billion and per capita income is expected to be about $8,670.

3- Inflation and price dynamics

  • According to the IMF, average inflation is ≈ 3.8% in 2025 (rising due to higher food prices) with a subsequent decline to 2% in the medium term.
  • Trading Economics records a higher level: 4.8% in July 2025, the highest since June 2023.
  • WIIW estimates average annual inflation at 2.5 %, although it further notes that it exceeded 3 % in the first months of 2025.

4. Public debt and fiscal sustainability

  • Public debt rises from 29 % to 29.9 % of GDP between 2024 and 2025, according to the IMF.
  • According to Wikipedia, the public debt level is only 16.9 % of GDP at the end of 2024 – perhaps only external debt is taken into account.

5. Currency stability and reserves

  • The country’s currency is the convertible mark (BAM), pegged to the euro under a currency board (currency board), which ensures exchange rate stability.
  • Foreign exchange reserves amounted to about €9 billion, equivalent to ~6.9 months of imports, as estimated by the IMF.

6. Unemployment and labor market

  • The unemployment rate by the end of 2024 was 11.7%.
  • Wikipedia gives the same value: 11.7% (December 2024) and 27.3% youth.

7. Population and demography

  • According to Wikipedia, the population as of April 7, 2025 is ≈ 3.14 million.
  • IMF indicates a value of 3.445 million, without specifying the date.
  • Overall, the population shows a moderate decline (partly due to migration and natural decline), although no significant demographic data for 2025 is provided.

8. Other factors and risks

  • Strong minimum wage growth (increase of over 60%) in the Federation of Bosnia and Herzegovina (FBiH) supports purchasing power but may cause inflationary pressures.
  • Services sector and domestic consumption are the main drivers of growth (about 65% of GDP).
  • Annual current account deficit is expected at 4-4.1% of GDP, worsened by lower exports and higher imports.
  • International Monetary Fund forecast: general fiscal sustainability with moderate growth of debt and reserves.
  • There are recommendations for structural reforms (export-oriented model, investment, labor market reforms).

Bosnia and Herzegovina (BiH) is a state in Southeastern Europe, located on the Balkan Peninsula. The capital is Sarajevo. The population is estimated at about 3.2 million (2025).

The country has a complex state structure: it consists of two autonomous entities, the Federation of Bosnia and Herzegovina and the Republika Srpska, as well as the Brcko District. The country is a candidate for accession to the European Union (since 2016).

http://relocation.com.ua/bosnia-and-herzegovinas-economy-an-overview-from-relocation/

 

Ukraine is undisputed leader in terms of sunflower oil supplies to EU

According to the European Commission, from July 1, 2024 to February 2, 2025, the European Union countries imported about 1.24 million tons of sunflower oil. This is less than in the same period last year (1.51 million tons), but higher than in the 2022/23 season (1.13 million tons). The pace of imports has slowed in recent weeks: while in December up to 59,000 tons were imported weekly, in early February – less than 25,000 tons per week.

Ukraine remains the largest supplier of sunflower oil to the EU, providing 94% of imports (1.17 million tons). However, this is lower than the previous year’s figure (1.40 million tons) due to reduced raw material supplies, slower processing and limited export potential.

Serbia and Bosnia and Herzegovina are the second and third largest suppliers of sunflower oil to the EU with market shares of 3% and almost 1% respectively. However, their export volumes also declined compared to the previous year.

The decline in supplies from Ukraine, Serbia and Bosnia and Herzegovina is prompting the EU to seek new sunflower oil suppliers to compensate for the deficit and stabilize the market.

Source – TG channel Serbian Economist

 

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Bosnia and Herzegovina opens its market for import of Ukrainian poultry meat products

Bosnia and Herzegovina has opened its market for imports of Ukrainian poultry meat products of mechanical deboning, the press service of the State Service of Ukraine for Food Safety and Consumer Protection (Gosprodpotrebsluzhba) has reported.

“It is very important during the war to support Ukrainian exporters, to create new opportunities for them, because this is support for the economy of our state. Therefore, the Ministry of Foreign Affairs together with Gosprodpotrebbsluzhba constantly negotiate with foreign partners and step by step open new foreign markets for Ukrainian producers “, – said the Minister of Foreign Affairs of Ukraine Dmytro Kuleba.

“Ukrainian entrepreneur needs any support from the state, which is very important during the war. And the State Consumer Service together with the team of the Ministry of Foreign Affairs continue to open the international trade arena for our manufacturer. There are still about 63 countries in the work in almost 200 directions”, – emphasized the head of the department Serhiy Tkachuk.

The agreed form of veterinary certificate of the specified category of products is published on the official web portal of the State Consumer Service of Ukraine in the section “International Cooperation” – “Veterinary and Safety” – “Certificates for export from Ukraine”.

The agency reminded that the first step for exporting Ukrainian products of animal origin is a request of the market operator to the territorial body of the State Food and Consumer Service at the place of location.

Since the beginning of the full-scale invasion agreed 41 forms of international veterinary certificates for the export of objects of state veterinary and sanitary control and supervision from Ukraine, that is, 41 markets are open for the export of Ukrainian products, said the State Food and Consumer Service.

 

 

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