BH-Business Daily 1964
Transcript of BH-Business Daily 1964
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The aim of the presentation is to familiarize
the bank customers, small and medium
enterprises, with the German market and
the opportunities it offers, reads the state-
ment.
As pointed out by Alexander Maerdian,
responsible for promotion of bilateral rela-
tions in the office of the German Chamber of
Commerce in BiH, BiH companies' entry to
German market has many positive aspects,
such as increasing sales potential, diversifi-
cation of risk, reduction of costs by increas-
ing production volume, and work experi-
ence abroad, which can be applied to our
market.
German Chamber of Commerce supportscreation of bilateral economic relations and
provides German and BiH companies help
in making new business relationships and
cooperation through holding regular techni-
cal seminars, favorable conditions for the
visit and participation in trade fairs in
Germany, and maintaining a database of
small and medium-sized German and BiH
companies, which encourages and supports
cooperation.
"ProCredit Bank established a business net-work in 2011, which at its regular gatherings
in cities across BiH allows each networking
entrepreneur, discusses current topics and
responds to issues faced by entrepreneurs.
Practical advices are offered by specialists
in this field. Our goal is to enable customers
to hear useful and relevant topics for theirbusiness," said Maja Mehmedovic,
Executive Director of ProCredit Bank.
ProCredit Bank Business Network on "BiH com-
panies entry to German market" will be held in
Banja Luka, Bijeljina, Zenica, Zepce, Travnik
and Mostar, by the end of the year. A.Z.
Daily e-newspaper N 1964 Sarajevo, October 8, 2013
Vice President of the RS Enes Suljkanovic
attended yesterday in Doboj the signing of
the Memorandum of continuing cooperation
regarding the application of the project "Use
of renewable geothermal energy in the town
of Doboj," worth about 2,000,000 KM.
Memorandum in the field of alternative
energy sources has been signed by the
Local Action Group of Doboj region, the city
and the company "Geotest" from Sarajevo
which is the daughter of the Czech compa-
ny from Brno.
Suljkanovic pointed out that the Czech
Development Agency so far invested more
than 3,000,000 KM in Doboj. "If the predic-tions come true, that Doboj is rich in geot-
hermal water, it will be used for heating
returnee school 'Sveti Sava' in Sevarlije,
building greenhouses in certain returnee
settlements and other places," said
Suljkanovic.
The deputy mayor of Doboj Dragan Vasilic
said that the town will allocate minimal
resources for implementation of the project
amounting to 100,000 KM, and expressed
satisfaction that the project will contribute
to numerous savings and environmental
protection.
Czech Ambassador in BiH Tomas Sunjog
said that for the first phase of the project, in
which will be examined geothermal poten-
tial in the Doboj area, a grant of the Czech
Development Agency of 1,100,000 KM is
provided.
Czech Ambassador also announced theconstruction of a Regional landfill in the
town of Doboj, involving 15 municipalities
of the RS and the FBiH.
Czech Development Agency would allo-
cate grant funds in the amount of 50 per-
cent of the total value, while the rest
would be provided by lobbying at interna-
tional banks.
The director of "Geotest" from Sarajevo
Damir Kasum said the geophysical sur-
vey on the field will begin in November on
the basis of which the potential sites for
drilling of wells would be determined, and
added that the wells will be dug in spring
next year.
Project from Doboj was selected as the
best in the competition of 300 applications,
consisting of a first stage - exploration of
geothermal resources, second stage - edu-
cation of local population about the use ofalternative energy sources, while the third
phase is the realization of pilot project of
using modern technologies for heating,
which will be implemented in the primary
school "Sveti Sava" in Sevarlije. A.G.
Memorandum on the Useof Geothermal Energy Signed
PROJECT WORTH 2 MILLION KM
BUSINESS NETWORK PROCREDIT BANK
Entry of BiH Companiesin the German MarketThe new building of ProCredit Bank Management hosted
a presentation for members of the Business Network on
"BiH companies' entry to German market"
BIFX(-0,31%)
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BIRS767,88
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On the occasion of the 7th
October - World Day for
Decent Work, Office of the
Friedrich-Ebert Foundation
in Sarajevo organized yes-
terday a roundtable titled "I
have a right to decent
work."
Director of the Friedrich-
Ebert-Stiftung in BiH Judith
Illerhues said that the purpose
of this roundtable is to point to
the situation in BiH when it comes to workers'
rights, Onasa reports.
"In the labor market of BiH there is great
uncertainty, which is particularly true when it
comes to young people. They are increas-ingly working for a predetermined period of
time, they do not have the same rights as
older workers, and the compensation for
their work is much lower," Illerhues said.
She added that the resolution of this prob-
lem must be addressed by the state, and
that it is very important that there are active
individuals, and strong unions.
As stated, with the aim of improving the
involvement of young people in the union,
Friedrich-Ebert-Stiftung, in cooperation with
the Youth Section of the Alliance of
Independent Unions of BiH and Youth
Movement of the Federation of TradeUnions of Republika Srpska, each year
organizes a union school where young
trade unionists meet with collective bargain-
ing, labor legislation in BiH, social dialogue
and other topics important for stronger trade
union involvement.
Also, a joint alumni-network of trade union
activists was launched in 2010, who thisyear created a music video titled "I have a
right to decent work", which was presented
yesterday.
"The video promotes five basic rights of
workers, the right to work and signed con-
tract of employment, the right to regular and
dignified wage, the right to protection and
safety in the workplace, the right to health
and pension insurance and the right to a
vacation," said Suzana Kvrgic, promoter of
the video.
She added that there is much talk about
youth unemployment, and very little about
the rights of young people who are working,which is the goal of the video.
President of Youth Movement of Federation
of Trade Unions of RS Goran Stankovic
stressed several workers' rights that are
commonly violated, namely: lack of pay,
bonuses, severance pay, hot meals, not
paying contributions for pension and health
insurance, lack of rights to protection and
safety in the workplace. R.K.
2B&H Business, October 8, 2013
Editor - in - Chief
AMRA ZIMIC
Publisher
POENTA d.o.o.
Sarajevo, 4 Zmaja od Bosne Street
Senior EditorDANIJELA SINANOVIC
Editor
IBRAHIM AYDOGAN
Journalist
ARNISA GAGULA
Office Assistant
MUSTAFA BAHTANOVIC
DTP
BEKIR TVRTKOVIC
Marketing manager
AJNA NUHANOVIC
GSM: 061 145 464Phone/Fax: 033 288 035, 033 288 032
E-mail: [email protected]
BBI representative Haris Kovacevic
explained the four bank lines of credit and
the conditions under which the clients are
allocated funds.
He pointed out that the Turkish credit line is
particularly in expansion.
He explained that Turkey ensured 100 mil-
lion Euros for the sustainable return of
which BBI and Zirat bank received 50 mil-
lion Euros each.
Funds under extremely favorable conditions
are intended for all returnees in Bosnia andHerzegovina and the companies that
employ returnees, and Kovacevic said that
so far 50 million KM are placed at 1,160
customers, in 60 BiH municipalities and
cities.
According to him, 44 percent of funds are
placed in RS, 43 percent in the Federation
of BiH and 13 percent in Brcko District.
Bosnia Bank International plans to open two
branches in the RS by the end of the year.
Representatives of the Business Club and
Business Forum of this Bank presented
their activities in finding strategic partners to
potential clients, while representatives of
BIG MEV and the Foundation "Bridges of
Hope" / MNF / presented their way of organ-
ization and introduced those present to the
possibilities of establishing business ties
with businessmen from Turkey and the
Middle East.
The meeting presented the natural and eco-
nomic resources of the Prijedor region,which has minerals, agricultural land,
forests and water potential, which are under
favorable conditions offered to interested
investors for their placing in the function of
economic development. D.S.
Prijedor: BBI PresentsFour Credit Lines
Representatives of Bosnia Bank International / BBI / presented yesterday in Kozarac
their work to potential users, with a special focus on the credit lines, and the activitiesof its Business Club and Business Forum, Onasa reported
INTENDED FOR RETURNEES AND COMPANIES THAT EMPLOY THEM
ROUNDTABLE "I HAVE A RIGHT TO DECENT WORK"
Rights of Young Workers Most Often Violated
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Oaza was among 62 other products that were
shortlisted in quality assessment, which was
performed at the Faculty of Agriculture and
Food, University of Sarajevo.
After recently being awarded the Gold
Medal for Quality at the Plum Fair in
Gradacac, this is the second award this
year for the Oaza brand. It is known that
Oaza water is the first from BiH that was
awarded gold medals for quality and design
in one of the most prestigious fairs in
America, the Berkeley Springs, even sever-
al years in succession.
"One medal after another. The fact is satisfying
that after international awards for quality we
were awarded in Bosnia and Herzegovina.
ZEPS is one of the largest fairs in the country
and we are very proud of the fact that with
quality and overall branding we could over-
shadow other exhibitors, as Oaza is a Bosnian
wonder and one of the best mineral waters in
the world, and its potential is huge," says Haris
Hrvic, brand manager of Oaza.
All food products that were nominated for
the medal of quality at the ZEPS 2013 were
evaluated at the Institute for Agriculture and
Food Technology - Food Engineering in
Sarajevo. The chemical composition of min-
eral water Oazis was analyzed. The evalua-
tion was carried out at a tasting by con-sumer groups at Dubrovnik hotel in Zenica.
Also, the assessment was made by the jury
of ZEPS for the integrity of the product.
Adding up the three assessments it was
decided that the mineral water Oaza should
win the award "Golden Rose ZEPS". A.Z.
3B&H Business, October 8, 2013
The company Hypnex-Hydraulics and
Pneumatics Ltd Tuzla received at the ZEPS
fair a Plaque for their carbon brushes for
electrical engineering.
There are different types of these brushes,
for generators of thermal power plants and
hydro power plants, brushes for industrial
motors, for tool machinery, electric tools,
household appliances, and brushes for
motor vehicles.
"This is a tribute of ZEPS for companies
engaged in production. This way the fair sup-
ports the companies. For me it is a great
compliment by ZEPS," said Dervis Cicko,
director of the company to ekapija.ba.
Hypnex has participated in the ZEPS fair formany years and, as Cicko says, they are
happy because it is the only real industrial fair
in BiH. "A lot of our partners come to the fair
to meet again, talk among ourselves about
what our companies do, to make contact with
people. The fair is important for us because
we are engaged in production of brushes for
electrical rotating machines and for electrical
motors, and we are the only manufacturer in
BiH. We are also engaged in engineering
hydraulic and pneumatic equipment and
services. So we have an opportunity to pres-
ent our work only at ZEPS," he said.
He believes that the business related to engi-
neering and manufacturing of equipment,
what they do, is the least-favored thing you
can do. "As soon as we finish a year positive-
ly and when we appear on ZEPS, we have
already achieved success," he points out.
Cicko says that their biggest problem is thestate, and that each year they fight so that
the state does not destroy them. "The gov-
ernment is the biggest enemy of production,"
he emphasized. A.Z.
Hypnex Tuzla AwardedRecognition for Graphite Brushes
The company IGM Visoko received
recognition for their heat insulating
facade Ekopor 100 mm at the ZEPS fair.
"With our products you can save up to 51
percent of energy per year. This is not a
marketing gimmick; we had a joint project
with the Caritas from Switzerland and the
Centre for Ecology and Energy from Tuzla
where 10 samples were taken from build-
ings that had no technical facade. They
were measured energy consumption
before and after the facade. On average,
the results showed that there was 51 per-cent less consumption after facade," said
Adnan Imamovic, officer for marketing and
IT of the company IGM for ekapija.ba.
The project was done in the period 2008
- 2010 and energy consumption was
measured in all buildings in the heating
season before rehabilitation of the facili-
ties, then the heating season after reha-
bilitation of facilities.
IGM is a leading manufacturer of clay
and styrofoam products in BiH, and they
also produce aluminum and PVC doors
and windows. They also have a trade
segment, and a segment of construction
operations that builds flats and business
premises. R.K.
IGM VisokoReceived Award
for Their
Product Ekopor
Mineral Water OazaAwarded the Golden RoseMineral Water Oaza - Tesanjski Kiseljak won the "Golden Rose" award for quality
at the 20 Jubilee International Economy Fair ZEPS in Zenica
ZEPS FAIR PRESENTED AWARDS
Deutsch Bosnische Cooperation has been
present during the last five years at the
ZEPS fair in Zenica which serve them to
keep in touch with regular and potential cus-
tomers and suppliers.
"This year we presented novelties in the
field of transportation system components
(rollers, conveyor belts, drums and other
parts). Labyrinths and housing for conveyor
rollers that operate in difficult conditions
under heavy loads were presented, mining,
steel mills, coke ovens and TPP, rollers for
food industry and self-extinguishing plastic
labyrinths that are installed in environments
of up to 1200 degrees Celsius," says direc-
tor of the company Almir Kujundzic.
He stated that in addition to customers and
suppliers they also arranged meetings withthe world's leading manufacturers of com-
plete transportation systems and discussed
possible joint projects in the Balkans.
DBC is the largest manufacturer of convey-
or rollers in BiH and one of the leading in the
Balkans and they are aware of the fact that
huge investment projects will follow (con-
struction of the Thermal Power Plant and
Cement Plant Banovici, building the block 7
of TPP Tuzla, building TPP Stanari, big
investments in mines, SSL, Natron Hayat,
TPP Ugljevik, TPP Gacko, investments in
Serbia and Kosovo).
''All these projects conduct transports in
their systems exclusively by conveyor
belts and most of the above mentioned
companies are our long-term customers.
DBC wants to be ready for the projects
and we are aware that we need a partner
for who, with their financial strength and
experience, will help that hundreds of mil-lions of Euros do not go to import of these
components again," announced the peo-
ple of the company. A.G.
DBC Gracanica at the ZEPS Fair:Enormous Investments
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4B&H Business, October 8, 2013
The two-day conference of the Forum of
Adriat ic and Ionian Cities, which was
hosted by the Mayor of Mostar, LjuboBeslic, and colleagues from Croatia, Italy,
Montenegro and Bosnia and Herzegovina
ended on Saturday in Mostar with the
expectation that these cities are strongly
linked through joint projects that can be
funded from the European funds, Vecernji
List writes.
"Each of these countries in the forum seek
to apply for EU projects, and most of the
projects are in the field of environment,
infrastructure or other development proj-
ects, which altogether can help the integra-
tion of new towns in this forum," said Mayor
of Pescara, Luigi Mascia Albor.
According to him, there are many
opportunities to connect cities of theAdr iat ic-Ionian region which would con-
tribute to their economic development.
Mayor of Split, Ivo Baldasar, who partic-
ipated in the work of the Forum of
Adr iat ic and Ionian Cit ies , sa id that Italy
and Croatia lead in projects of mutual
cooperation and the possibility of using
funds.
"What is most interesting to us in Split is to
see better boat links between Italy and
Croatia, herewith we would connect BiH
and other parts of the Adriatic-Ionian
region," said Baldasar.
Mostar Mayor Ljubo Beslic, who hosted the
fellow mayors from several countries in the
region, said that the aim was to ensure thatBiH does not lag behind its neighbors and
that this type of cooperation contributes to
that.
The Adriatic and Ionian Cities Forum is an
international organization founded in
Ancona in 1999 with the purpose of
stronger economic, social and cultural con-
nections between towns on the shores of
two seas. It brings together some 50
coastal cities from seven countries along
the Adriatic and Ionian Sea - Italy, Albania,
Greece, Slovenia, BiH, Montenegro and
Croatia. R.K.
Better Use of EU FundsAdriatic-Ionian region offers great possibility for cooperation in the economy,
as well as environmental projects
REGIONAL COOPERATION
Currency exchange - Central Bank of BiHThe International Banking Code (ISO CODE) for the Convertible Marka is BAM.
Currency exchange - October 8, 2013
Country Num code Alpha code Units Buy Middle Sell
978 EUR 1 1.955830 1.955830 1.955830
036 AUD 1 1.352846 1.356237 1.359628
124 CAD 1 1.392534 1.396024 1.399514
191 HRK 100 25.584427 25.648548 25.712669
203 CZK 1 0.076468 0.076660 0.076852208 DKK 1 0.261531 0.262186 0.262841
348 HUF 100 0.659480 0.661133 0.662786
392 JPY 100 1.484057 1.487776 1.491495
440 LTL 1 0.565032 0.566448 0.567864
578 NOK 1 0.240056 0.240658 0.241260
752 SEK 1 0.223156 0.223715 0.224274
756 CHF 1 1.591045 1.595033 1.599021
949 TRY 1 0.720250 0.722055 0.723860
826 GBP 1 2.312363 2.318158 2.323953
840 USD 1 1.437474 1.441077 1.444680
643 RUB 1 0.044531 0.044643 0.044755
156 CNY 1 0.234897 0.235486 0.236075
941 RSD 100 1.702898 1.707166 1.711434
SDR (Special Drawing Rights) October 4, 2013 = BAM 2.212513
EMU
Australia
Canada
Croatia
Czech RDennmark
Hungary
Japan
Lithuania
Norway
Sweden
Switzerland
Turkey
UK
USA
Russia
China
Serbia
Yesterday in Munich, at the Europe's largest
real estate fair "Expo Real", which takes
place from October 7 to 9, was held a pres-
entation of investment opportunities in the air-
ports of Banja Luka and Trebinje, RS Ministry
of Economic Affairs and Regional
Cooperation informed.
"Upon opening of everyday flights Banja
Luka - Belgrade, which should be operationalfrom December 1 2013, we are trying to find
potential investors for airport passenger and
cargo infrastructure," the statement said.
Investment opportunities were presented by
the acting director of RS Airport Davorin Mihic
and acting director of Trebinje Airport Pero
Munisic. RS government, organized by the
Ministry of Economic Relations and Regional
Cooperation, this year participates in
Europe's largest real estate fair. It is recalledthat the Munich "Expo Real" is a leading inter-
national fair in this sector, which brings
together more than 1,700 exhibitors at
64,000 square meters of exhibition space.
Countries, regions, intermediary agencies in
the field of the real estate, financial and insur-
ance companies, airports, and other types of
potential investors, are presented at the fair.
Hence it is used for presentations and for
making specific contacts and businessarrangements. D.S.
RS Airports Presented In MunichRS GOVERNMENT
In brief
FBiH Highways and a consortium made
of IPSA Institute d.o.o. Sarajevo and
Divel d.o.o. Sarajevo will sign today in
Capljina a contract for providing consul-
tancy services for creating a main design
of Corridor 5c's Pocitelj - Bijaca section,
subsection Pocitelj - Zvirovici. The con-
tract value is 1,757,780 Euros, and the
funding have been provided by a grant ofthe EIB
Chairman of the HoR Denis Becirovic met
yesterday in Sarajevo with the
Ambassador of Norway Vibeke Lilloe.
The main topics were the improvement of
economic and political cooperation
between BiH and Norway
Shareholders of RS Telecommunications
a.d. Banja Luka will be paid interim divi-
dend in the amount of 46,083,876 KM in
cach, according to the draft decision onwhich the shareholders of this company
will declare at the Assembly scheduled
for November 7
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5B&H Business, October 8, 2013
NPRFRK2 ZIF Naprijed dd Sarajevo MFTS 2,05 2,70 1,99 2,06 56.559 116.169,58 5
BNSFRK2 ZIF Bonus dd Sarajevo MFTS 2,96 0,00 2,96 2,96 130 384,80 2
BIGFRK3 ZIF BIG Investiciona grupa dd Sarajevo MFTS 3,80 0,00 3,80 3,80 2.007 7.626,60 1
PRPFRK2 ZIF Prof Plus dd Sarajevo MFTS 3,51 -2,50 3,60 3,50 2.471 8.673,50 3
PVNFRK3 ZIF Prevent invest dd Sarajevo MFTS 4,25 -2,97 4,25 4,25 83 352,75 1
The Official quotation - PIFs
BSNLR Bosnalijek d.d. Sarajevo MFTS 13,10 -2,96 13,10 13,10 152 1.991,20 2
Official quotation
Sarajevo Stock ExchangePRICE LIST - October 7, 2013
BHTSR BH Telecom d.d. Sarajevo MFTS 19,50 0,97 19,30 19,50 2.898 56.501,00 9
ENPSR Energopetrol dd Sarajevo MFTS 6,21 -2,97 6,21 6,21 227 1.409,67 2
FDSSR Fabrika duhana Sarajevo dd Sarajevo MFTS 57,72 -2,99 57,72 57,72 534 30.822,48 2
CTBURK4 Centrotrans-Eurolines d.d. Sarajevo MFTS 25,00 0,00 25,00 25,00 274 6.850,00 1
The free Market - Stock Market - Prime Free Market
PRAKRK3 Prevoz radnika Kreka d.d. Tuzla Fixing 1 9,00 5,88 9,00 9,00 89 801,00 1
The free Market - Stock Market - Secondary Free Market
Total 270.486,23 BAM
Symbol I s s u e r Trading Official % Open Close Volume Value No. of
System Price (BAM) Change Price Price (BAM) Transaction
PLINRK1 Plin Sarajevo d.d. Sarajevo Fixing 1 9,99 0,00 9,99 9,99 850 8.491,50 1
The free Market - Stock Market - Tertiary Free Market
Expressed in numbers, Bosnalijek in August of
this year achieved revenue from sales in theamount of 10.5 million KM, while in September
they generated revenue of 11.8 million KM.
The largest sales revenue was recorded in
the CIS region and Russia, then in BiH and
the region of Southeast Europe.Particularly encouraging is increased sales
realization in the markets of Russia, Ukraine
and Kosovo where there is an increased
secondary sale and increased level of mar-
keting activity.This success is the result of efforts to nor-
malize Bosnalijek business, improvement
strategies and customer relationships. D.S.
Record Sales Revenue in Last Two MonthsSecond consecutive month, Bosnalijek has met monthly sales plan and achieved more than
57 percent of the annual plan, which is a great success in the difficult business environment
in which the company is located, according to the company
BOSNALIJEK
FBIHK1A FBiH obveznice ratna potrazivanja ser. A MFTS 69,02 1,50 69,02 69,02 719 496,25 1
FBIHK1B FBiH obveznice ratna potrazivanja ser. B MFTS 67,00 -1,47 67,00 67,00 627 420,09 1
FBIHK1C FBiH obveznice ratna potrazivanja ser. C MFTS 65,00 0,00 65,00 65,00 551 358,15 1
FBIHK1D FBiH obveznice ratna potrazivanja ser. D MFTS 62,00 0,00 62,00 62,00 551 341,62 2
FBIHK1E FBiH obveznice ratna potrazivanja ser. E MFTS 60,00 0,00 60,00 60,00 553 331,80 1
FBIHKP FBiH stara devizna stednja serija P MFTS 98,00 -0,01 98,00 98,00 7.940 7.781,20 2
FBIHKR FBiH stara devizna stednja serija R MFTS 96,03 0,03 96,03 96,03 10.500 10.083,15 1
FBIHKB1 FBiH stara devizna stednja serija BV MFTS 99,50 0,00 99,50 99,50 16.178 16.097,11 1
BOND quotation
Nobel Corporation, BiH leader in sales of
water filters, is taking over the representation of
the largest European manufacturer of water fil-
ters - the Italian Atlas. "We have finished the
job and now we are going to distribute their
products in BiH," said Boris Bosnjak, Sales
Director of Nobel Corporation, to ekapija.ba.Also this year the company presented itself
at the ZEPS fair with two products that they
market in BiH; heating systems without
pipes, Altantic boiler and water filtration
systems with which Nobel has already
become a kind of synonymous.
"Atlantic is the world's largest manufacturer
of this type of heating and the only in thisarea that exports its products to the
Chinese market. Nobel has been their part-
ner in BiH for 17 years. There are also
water filtration systems, and any problems
related to water quality can be resolved
with the help of our filters. This is support-
ed by our references, which are hospitals,
restaurants, individuals, specialized labora-tories, etc.," said Bosnjak. R.K.
Nobel Corporation Becomes Representative of Italian AtlasDISTRIBUTION STARTS
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6B&H Business, October 8, 2013
Banja Luka and the German city
Kaiserslautern have a very meaningful and
fruitful cooperation based on the exchange ofknowledge and experience, particularly in the
field of culture and the economy, said the
mayor of Banja Luka Slobodan Gavranovic.
"Previous cooperation was comprehensive and we
want to expand it even more," said Gavranovic.He noted that, at the invitation of leaders of
Kaiserslautern, on the occasion of the tenth
anniversary of the signing of the agreement
on cooperation between the two cities, the
delegation of Banja Luka visited thisGerman city on October 3-6.
Gavranovic said that the special topic of dis-
cussion in Kaiserslautern was the construc-
tion of Technology business-park.
"We visited their technological park, which is
already developed. It's a completely differ-
ent model, but the experiences are very
important. Under this system, there are
technical and scientific institutions, which
deal with the project of creating self-sustain-
ing parks," explained Gavranovic.
He said that during his visit to Kaiserslautern
it was agreed that the delegation of this
German city visits Banja Luka and help, inorder to avoid mistakes during the construc-
tion of the Technology business-park in the
Banja Luka's settlement Ramici. A.G.
Good Cooperation with KaiserslauternGavranovic said that the special topic of discussion in Kaiserslautern
was the construction of Technology business-park
BANJA LUKA MAYOR IN GERMANY
Banja Luka Stock ExchangePRICE LIST - October 7, 2013
Symbol I s s u e r Avg. % Best Best Opening Max Min Closing No. of Volume Value
Course Change Ask Bid Price Price Trans. (BAM)
BLBP-R-A ZIF BLB - profit a.d. Banja Luka 3,11 -0,64% 3,04 3,50 3,10 3,10 3,13 3,11 2 132 410,40
EKVP-R-A ZIF Aktiva invest fond a.d. Banja Luka 3,01 0,00% 3,01 3,48 3,01 3,01 3,01 3,01 1 72 216,72
ELDO-R-A Elektro Doboj a.d. Doboj 0,60 0,00% 0,60 0,70 0,60 0,60 0,60 0,60 2 973 583,80
HELV-R-A Hidroelektrane na Vrbasu a.d. Mrkonjic Grad 0,43 0,00% 0,43 0,50 0,43 0,43 0,43 0,43 1 9712 4.176,16
HGPT-R-A Hercegovinaputevi a.d. Trebinje 1,00 0,00% 1,00 1,00 1,00 1,00 1,00 3 999 999,00
INVP-R-A ZIF Invest nova fond a.d. Bijeljina 0,045 4,65% 0,041 0,045 0,045 0,045 0,045 0,045 11 2600000 117.000,00
KRIP-R-A ZIF Kristal invest fond a.d. Banja Luka 5,10 0,00% 5,00 5,30 5,10 5,10 5,11 5,10 6 1644 8.384,90
MJMT-R-A 1. maj metalska a.d. Banja Luka 0,22 65,41% 0,22 0,22 0,22 0,22 0,22 2 119525 26.295,50
PLRP-R-A ZIF Polara invest fond a.d. Banja Luka 4,54 -7,35% 4,54 4,90 4,54 4,54 4,54 4,54 3 280 1.271,20
RFUM-R-A Rafinerija ulja a.d. Modrica 0,16 1,27% 0,16 0,189 0,16 0,16 0,16 0,16 1 7718 1.234,88
RNAF-R-A Rafinerija nafte Brod a.d. Brod 0,031 0,00% 0,031 0,04 0,031 0,031 0,031 0,031 2 5162 160,03
RSDS-O-C Republika Srpska - stara devizna stednja 3 94,11 0,00% 94,11 94,11 94,11 94,11 94,11 1 2498 940,35
RSDS-O-D Republika Srpska - stara devizna stednja 4 90,00 1,12% 90,01 92,00 90,00 90,00 90,00 90,00 1 17582 12.659,04
RSDS-O-E Republika Srpska - stara devizna stednja 5 87,64 0,29% 87,83 87,99 87,39 87,39 87,83 87,83 15 112277 98.402,88
RSOD-O-A Republika Srpska - obaveze dobavljacima 1 70,04 3,00% 68,00 72,00 70,04 70,04 70,04 70,04 1 24543 17.189,92
RSRS-O-A Republika Srpska - izmirenje ratne stete 1 67,00 0,59% 67,00 67,99 67,00 67,00 67,00 67,00 3 23908 16.018,36
RSRS-O-B Republika Srpska - izmirenje ratne stete 2 64,61 0,16% 64,61 65,50 64,50 64,50 65,00 65,00 5 39766 25.692,49
RSRS-O-C Republika Srpska - izmirenje ratne stete 3 65,06 0,31% 64,96 65,74 65,06 65,06 65,06 65,06 2 20987 13.654,14
RSRS-O-E Republika Srpska - izmirenje ratne stete 5 56,40 2,53% 56,30 57,00 56,40 56,30 57,00 56,40 4 8566 4.831,22
RSRS-O-F Republika Srpska - izmirenje ratne stete 6 56,15 -1,49% 56,22 57,49 57,00 56,00 57,00 56,15 8 60300 33.859,15
RSRS-O-G Republika Srpska - izmirenje ratne stete 7 57,21 -0,14% 56,00 57,00 57,00 56,00 58,00 57,21 6 21840 12.495,20
TLKM-R-A Telekom Srpske a.d. Banja Luka 1,68 0,00% 1,69 1,70 1,68 1,68 1,69 1,69 6 10801 18.165,68
ZPTP-R-A ZIF Zepter fond a.d. Banja Luka 7,64 -2,05% 7,62 7,80 7,65 7,60 7,70 7,70 9 443 3.385,73
ZTRG-R-A Zadruzna trgovina PPP a.d. Mrkonjic Grad 0,12 -2,44% 0,12 0,12 0,12 0,12 1 2559 307,08
The Official Market
Total: 418.334 BAM
Prime Minister of the RS Govt Zeljka
Cvijanovic met yesterday in Banja Luka with
non-resident Ambassador of Israel to BiH
David Cohen on the current political and
economic situation in the RS and BiH, with a
focus on improving economic cooperation
between Israel and the Republika Srpska.
The meeting also discussed the promotion
of cooperation in the field of health and
agriculture, as well as the activities carried
out in the RS to improve the business cli-
mate, RS Government said.
On this occasion, the importance of the
event of marking the Day of Israel in the
RS was highlighted, which is being held for
the third time in Banja Luka. A.G.
Enhance EconomicCooperation with Israel
RS PM WITH AMBASSADOR OF ISRAEL
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Radoje Zugic, the Finance Minister, said the
government will take on another 100-mil-
lion-euro loan from commercial banks with a
sliding interest rate of 5.75 percent and
below.
The repayment term would be three years,
the minister said.
He added that the money would be used to
cover the budget deficit, fiscal reserves and
refinance existing obligations.
This year's budget law plans a debt of 250
million euro.
International financial institutions have
highlighted the rise in public debt in
Montenegro, which has almost doubled to
50 percent of GDP over the last few
years. Montenegro has to date taken on
debt of about 119 million euro for return-
ing guarantees given to Aluminum Plant
Podgorica, KAP.
The plant was officially declared bankrupt
on July 8 when its 1,200 workers were all
fired. Zugic said the government would
soon again propose a budget rebalance to
parliament, which was forced to put on ice in
July when it did not have the support of the
majority in parliament. R.K.
Another 100 MillionLoan To Be Taken
Montenegro is due to take on another 100 million euro in credits from commercial
banks to cover the budget deficit, reserves and refinance its existing obligations, Beta reports
MONTENEGRO
SELLING STAKES?
The National Bank of Greece (NBG) plans to
sell its stakes in banks in southeastern Europe
- Macedonia, Albania, Bulgaria, Romania and
Serbia, Katimerini reports. However, NBG has
reached an agreement with the European
Commission's competition watchdog to keep a
majority stake in Turkey's Finansbank, the web
portal 24vesti.mk has reported.
It is said that the base in Skopje should beconsolidated and improved, but this is going
to be a long process that will take between
five and seven years to complete. The web
portal says that NBG's withdrawal from
Skopje-based Stopanska Banka is nothing
but speculation as this bank had EUR 2 bil-
lion worth of deposits two months ago and is
in excellent financial condition.
There is no official announcement of any
change in the structure of shareholders of
Stopanska Banka that continuously
achieves success and is financially inde-pendent from the NBG Group. This bank is
under the supervision of the National Bank
of Macedonia. R.K.
National Bank of GreeceExits SEE Markets
A recent survey by the State Employment
Agency brings the sky-high unemployment
figure back down to earth by the use of
new methodology, Birn reported.
The survey published on the agency's
website suggests that the real unemploy-
ment rate in Macedonia is around 10 per-
cent, far less than the official figure of 29
percent of the State Statistical Office.
The agency came up with this number by
distinguishing between those unemployed
and actively searching for jobs, and others
listed as unemployed who are presumed
to be working in the "grey" market.
According to the survey, of some 220,000
registered unemployed persons in
Macedonia, 130,000 told the agency's
questionnaire that they do not wish the
agency to offer them jobs if they become
available. The agency now counts just the
other 90,000 who asked for the agency's
assistance as the "real unemployed".
Unnamed sources from this state office
were cited in the economic magazine
Kapital as saying they would soon repeat
the survey, just to be sure, before trumpet-
ing the new figures.
At a recent talk before the business com-
munity in late September, Prime Minister
Nikola Gruevski said the government itself
had queried the unemployment figures.
"We will soon be able to answer many of
you who have complained of having a hard
time finding workers. We have often won-
dered why that is so, despite the high
unemployment rate," Gruevski told the
businessmen. He added that the employ-
ment agency had "devised a methodology
to distinguish between active and passive
unemployed persons".
Kapital commented that although an unem-
ployment figure of 10 percent might sound
to many Macedonians like something from
a "believe-it-or-not" section, economists
have for years questioned the veracity of
the figure of some 30 percent. D.S.
High Jobless Figure DisputedMACEDONIA'S EMPLOYMENT AGENCY
Public transport in the Croatian capital
Zagreb is almost three times more
expensive than in Rome. Daily news-
paper Vecernji List revealed the list of
public transport tickets' cost inEuropean capitals, placing Zagreb at
the top of the list. The same source
reveals that an average citizen of the
Croatian capital needs to work 17 min-
utes for a public transport ticket. At the
same time people in Vienna work nine
minutes to pay a public transport tick-
et. In Italian capital Rome they work
six minutes for the ticket. In the
Slovenian capital Ljubljana, or in
Czech capital Prague they work
eleven minutes to buy a ticket when
comparing average wages and the
price of a public transport ticket,
reports Croatian Times. A.Z.
ZagrebTransportation
Almost Three TimesMore Expensive
Than Rome
CROATIA
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The carrier's CEO, Daliborka Pejovic, explains
the measure is necessary in order for the airline
to save money. "We have to cut costs. We
spend up to 400.000 Euros per year just on
accommodation", Ms. Pejovic says. The major-
ity of Serbian employees at Montenegro Airlines
are technicians and engineers. In addition, a
handful of Serbian cabin crew has also lost their
jobs. Ms. Pejovic adds that another reason for
the termination of contracts for its staff from
Serbia is that they cannot secure permits to stay
and work in Montenegro.The CEO of Montenegro Airlines ensures that
Montenegrin nationals working at the carrier
are safe. "There are no plans to lay off any of
our workers. Only if we really have to, we will
consider it as a final measure. Currently there
are 433 employees at Montenegro Airlines",
Ms. Pejovic explains. However, four interns
working at the airline recently lost their jobs
with the CEO stating it was a one off as they
were not hired according to procedure.
Realizing its newest measure could be interpret-
ed as racial discrimination, the carrier has issued
the following statement, "In accordance with the
goals of our company, which includes the outmost
rationalization of business, we have recently done
a lot of work to cut all costs, of which the public has
been informed of. The dismissal of employees
was carried out under no particular basis rather
we are just 'dismissing costs'".
The airline's latest unique cost cutting meas-ures were approved by CEO Daliborka
Pejovic who is a high ranking member of the
governing DPS party and her four member
Board of Directors which features Dusko
Lalicevic, former ambassador and head of the
Montenegrin Tennis Association, Tufik
Bojadzic, a politicologist who is also the
Deputy Mayor of the town of Bijelo Polje, Zivko
Andrijasevic, a historian who is also the advisor
on national policy to the Montenegrin President
and Branislav "Brano" Golubovic, the head of
the DPS Municipal Board in Berane, Ex- Yu
Aviation News writes. D.S.
Foreign Workers No LongerWelcome At Montenegro AirlinesIn an extraordinary measure, Montenegro Airlines has announced it is terminating contracts with all Serbian
citizens working for the airline in Montenegro adding that Montenegrin nationals will not lose their jobs
IN ORDER TO SAVE MONEY
Foreign investments totaling almost 2 bil-
lion Euros were realized in Macedonia from
July 2006 until July 2013 suggesting an
increase of one billion compared to the pre-
vious ten-year period when the country's
economic policies had been created by the
current opposition, stated Zoran Stavreski
on Tuesday.
The Deputy PM and Minister of Finance
was commenting on the latest data show-ing that foreign investments in Macedonia
in July 2013 stood at 30 million Euros and
130 million Euros since the beginning of
the year.
The data on the level of foreign invest-
ments in the country served as a confirma-
tion that the government's policy on attract-
ing foreign investments was yielding
results, according to him.
"We are content with the fact that over 130
million Euros of foreign investments entered
since the start of 2013, which is more than
the total sum invested last year. Attractingforeign investments is a process and should
be perceived in a period of four to five years.
For instance, from July 2006 until July 2013
a total of one billion and 800 million Euros of
foreign investments entered in Macedonia
which is up by one billion compared to the
previous ten-year period when the current
opposition had created the economic poli-
cies," Stavreski said.
The figures, he added, verify that the gov-
ernment is successful in meeting its objec-
tive to attract as many foreign companies
and global brands as possible to contributeto boosting export, economic growth and
the employment rate, reports the
Government. A.G.
EUR 130 Million in FDI since JanuaryMACEDONIA
In its last full month of operations as Jat
Airways, the Serbian national carrier handled
165.013 passengers, a decrease of 7% com-
pared to the same month last year. The results
come despite the airline boosting its number of
flights by 14%. The average cabin load factor
for the month stood at 65%, which is elevenpoints down on September 2012. Numbers
were down across the board. On Jat's flights to
and from Montenegro, the airline saw an 8%
passenger decline. Euro Mediterranean flights
recorded a 10% plunge in numbers while
scheduled traffic saw a 9% passenger
decrease. Charter flights were the only to see
numbers improve, up 11% on last year.
In September, flights to and from Ohrid, Pula,
Split and Paris saw the greatest rate of pas-
senger growth compared to last year.
Overall, the airline's numbers on flights to
Croatia grew by 60%. The best average
cabin load factor was recorded on flights from
Thessaloniki and Monastir to Belgrade, both
at 96%, followed by Split - Belgrade at 90%.
During the month, Jat had fourteen aircraft in
operation.
So far this year, Jat Airways has welcomed1.098.216 passengers on board its aircraft, a
decrease of 2% compared to the same peri-
od last year. The average cabin load factor
for the first nine months stands at 69%, down
five points. While passenger numbers to
Montenegro are the same as last year, Euro
Mediterranean flights have seen a 4%
decline while charter flights have recorded a
passenger boost of 14%.
Jat Airways will operate under its name for
most of October before it officially begins
operations as Air Serbia on October 27.
Poor September Performancefor Serbia's Jat Airways