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Bosnia and Herzegovina – ups and downs of 2009

Date: December 24th 2009 Author: Mirsad Bajtarević, Sarajevo Category: Expert commentary
Topic: Electricity , Natural gas , Ecology

The project of merger of the seven mines in Federation BiH and the power utility Elektroprivreda BiH, and the formation of Elektroprivreda BiH concern was certainly the most important milestone in BiH in 2009 business year. The new company (concern) of some 16,000 employees has merged Elektroprivreda BiH and the mines Kakanj, Kreka, Breza, Durdevik, Zenica, Gracanica from Gornji Vakuf/Uskoplje and Abid Lolic from Bila near Travnik. Their foreseen revenues are to exceed half a billion Euros, which will rank the concern somewhere in the upper part of the ‘100 top SEE companies’ list. They expect that the concern will flourish early 2010 and after the consolidation of the respective mines, Elektroprivreda plans to invest 300 million Euros into restoration and modernisation of the mines before 2015.


Oil Refinery Bosanski Brod celebrated the first anniversary of its successful operation. At the ceremony which was held end November, the Russian owners of the Refinery – i.e. representatives of the company Zarubezhneft or to be more precise its subs...

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