Federation of BiH Government Subsidies in the Industry Sector for 391 Export Companies

SARAJEVO, (Patria) - The Federal Ministry of Energy, Mining and Industry has published on its website the List of Beneficiaries with the amounts of financial aid for export companies in the industry sector. This involves a total of 391 export industrial companies and entrepreneurs with a total of 32,429 employees.

As a reminder, the Government of the Federation of BiH, at its session held on December 3, 2020, adopted five decisions on the selection of beneficiaries for the distribution of 30 million convertible marks in direct aid to export-oriented companies in the FBiH. The decisions were made based on the Decree on Intervention Measures to Support Endangered Sectors of the Economy in the Circumstances of the Pandemic. For the implementation of the Decree, the Federal Government has allocated funds in the total amount of 90 million KM in this year's FBiH Budget. The general goal of this measure is to provide liquidity support to the most endangered sectors/activities, preserve jobs, and provide urgently needed support and maintain competitiveness in export-oriented sectors.

In the field of industry, the FBiH Government's subsidies in the amount of 30 million KM cover five branches of industry. For 131 companies with a total of 13,462 employees from the metal, electrical, and automotive industries, 15,078,350 KM were allocated, while aid for 69 exporters from the textile, clothing, leather, and footwear production sector, with a total of 8,645 workers, amounts to 4,026,840 KM.

Also approved were 5,016,260 KM for 140 export companies from the wood, paper, and graphic industries with 7,231 employees, then 5,188,550 KM for 43 export companies from the chemical and pharmaceutical, and rubber and plastic industries with 2,615 employees, and 690,000 KM for eight exporters from the construction materials and non-metals industry with 476 employees.

Contracts for the allocation of funds with the beneficiaries will be signed in the coming days. The list of beneficiaries with the amount of allocated funds can be found on the website of the Federal Ministry of Energy, Mining and Industry.