Business Environment in Bosnia and Herzegovina
Business Environment in Bosnia and Herzegovina

Author(s): Rajko Macura, Nenad Novaković, Nikola Novaković
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Summary/Abstract: The economy of Bosnia and Herzegovina (BiH) is facing multiple problems, such as the outflow of young and capable personnel, unfavorable economic, legal and political environment for starting and running a business, unadapted education system to the requirements of the labor market, etc. The subject of the research is the overall business environment and factors that are of key importance for the entrepreneurial sector. The aim of this paper is to identify the situation, problems and needs of the business sector in BiH and establish measures that can contribute to economic recovery. The results of the research, which presents the views of 52 business entities in BiH, show that entrepreneurs face many obstacles in their business. The paper proposes measures to ensure a more efcient business that would encourage entrepreneurs to start and run a business. This would increase competitiveness and contribute to the overall economic development of BiH.

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