Rajko Macura – Banja Luka College, Miloลกa Obiliฤa, 30, Banja Luka, BiH, Bosnia and Herzegovina
Nenad Novakoviฤ – Banja Luka College, Miloลกa Obiliฤa, 30, Banja Luka, BiH, Bosnia and Herzegovina
Nikola Novakoviฤ – Banja Luka College, Miloลกa Obiliฤa, 30, Banja Luka, BiH, Bosnia and Herzegovina
7th International Scientific-Business Conference – LIMEN 2021 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Online/virtual, December 16, 2021, published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-54-7, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2021
Keywords:
Business environment;
Bosnia and Herzegovina;
Economy;
Ease of doing business;
Competitive factors
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 busiยญness, unadapted education system to the requirements of the labor market, etc. The subject of the research is the overall business environment and facยญtors 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 efficient business that would enยญcourage entrepreneurs to start and run a business. This would increase comยญpetitiveness and contribute to the overall economic development of BiH.
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