Monday, 13th January 2025

Bosnia and Herzegovina’s Forex Reserves and Lending on the Rise

The Central Bank of Bosnia and Herzegovina has seen a notable rise in foreign exchange reserves and lending activities, reflecting a robust economic momentum

The Central Bank of Bosnia and Herzegovina reported a substantial increase in its foreign exchange reserves, reaching 16.29 billion BAM at the end of December, marking a 3.9 percent rise from the previous month. Over the year, the reserves saw an uptick of 224 million BAM or 1.4 percent.

Lending to various domestic sectors also witnessed growth, with total loans amounting to 23.55 billion BAM by year-end, up by 1.1 percent from November. Notable increases were observed across sectors, including households, private companies, and non-financial public enterprises, contributing to an annual loan growth rate of 6.7 percent, or 1.48 billion BAM.

The household sector led the annual credit expansion with a 7.4 percent increase, while private companies and non-financial public entities also showed significant lending growth. However, a slight reduction in credit growth was noted in government institutions, indicating a varied credit landscape across different sectors of the economy.

USB-C Becomes the Standard Charger for Mobile Devices Across Europe

Under new regulations, all small and medium-sized portable electronic devices sold in the EU must be compatible with USB-C...

The Backbone of Modern Business

In today’s fast-paced, interconnected world, businesses are only as strong as the technology supporting them. IT infrastructure is no...

Kostal Invests €50 Million in North Macedonia to Drive EV Innovation

German engineering leader Kostal has announced the third phase of its expansion in North Macedonia, investing an additional €45-€50...

Ericsson Nikola Tesla Celebrates 75 Years of Business and Unveils New Visual Identity

Marking a milestone in its technological evolution, Ericsson Nikola Tesla celebrated 75 years of successful operations yesterday, using the...

Jaguar Unveils New Logo as It Paves the Road to an Electric-Only Future

The British automaker, renowned for its storied legacy of sophistication and performance, is poised to launch three electric models...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities