The Republic of Bosnia-Herzegovina, Capital Sarajevo

flag_of_bosnia_and_herzegovina-svgBosnia-Herzegovina, is a country in Southeastern Europe located on the Balkan Peninsula. Sarajevo is the capital and largest city. Bordered by Croatia to the north, west and south, Serbia to the east, and Montenegro to the southeast, Bosnia and Herzegovina is almost landlocked, except for 20 kilometers (12 miles) of coastline on the Adriatic Sea surrounding the city of Neum. It lies between latitudes 42° and 46° N, and longitudes 15°and 20° E. Bosnia-Herzegovina has a population of 3,871,643 with total area of 51,197 km2 (19,741 sq. mi). Its president currently is President Bakir Izetbegovic.

The national currency is the (Euro-pegged) convertible Mark (KM), controlled by the currency board. Bosnia and Herzegovina has displayed positive progress in the previous years, which decisively moved it’s place from the lowest income equality rank of income equality rankings fourteen out of 193 nations.According to Eurostatdata, Bosnia and Herzegovina’s PPS GDP per capita stood at 29 per cent of the EU average in 2010. The total GDP in 2014 was $33.251 billion with per capita of $ 8,589. Its economy relies heavily on tourism, aluminum and metal industry, banking services and telecommunication sector.

Tourism is becoming a great contributor to the Bosnian economy. According to an estimation of the World Tourism Organization, Bosnia and Herzegovina will have the third highest tourism growth rate in the world between 1995 and 2020.In 2012, Bosnia-Herzegovina had 747,827 tourists an increase of 9% and 1,645,521 overnight stays which is a 9.4% increase from 2012. 58.6% of the tourists came from foreign countries.In 2010, Lonely Planet’s “Best In Travel” nominated it as one of the top ten cities to visit that year. Bosnia-Herzegovina’s capital, Sarajevo also won travel blog Foxnomad’s “Best City to Visit” competition in 2012, beating more than one hundred other cities around the entire world.

Bosnia-Herzegovina has a fruit growing production, gardening production, crop farming production, mill and bakery industries, stock farming production, processing industries and a milk industry.

Bosnia-Herzegovina has one of the biggest commercial fish farming lakes in southern Europe.

Its industries include tobacco products, furniture, hosiery, automobiles, and communication equipment.

In relation to the current manufacturing capacity it generates an annual export of more than €150 million. Bosnia-Herzegovina partners with renowned global companies, from which the most important are: Venture Coke Company L.L.C. (Venco-Conoco joint Venture) from the USA, Glencore International AG from Switzerland, Debis International trading GmbH, Daimler-Chrysler and VAW Aluminium Technologie GmbH from Germany, Hydro ASA from Norway, Fiat from Italy, and TLM-Šibenik from Croatia.