BOSNIA & HERZEGOVINA Trends and Developments Contributed by: Nebojša Marić, Marić & Co
in Tuzla Canton. The Medikol Polyclinic from Croatia is a centre of excellence in Philips PET/ CT diagnostics and brings quality, knowledge, and 17 years of experience in modern radiol - ogy, PET/CT diagnostics, and radiotherapy to the Medikol Salinea healthcare facility. The Medikol Salinea healthcare facility will be located in Živinice. In the field of hematology and oncology, citi - zens of Bosnia and Herzegovina now have access to new immunotherapy treatments, as well as targeted therapy drugs and checkpoint inhibitors: Nivolumab, manufactured by Bristol Myers Squibb (USA); Brigatinib, manufactured by Takeda Pharmaceuticals (Japan); and Asci - minib, manufactured by Novartis (Switzerland). Additionally, investing in training programmes for healthcare professionals to properly administer these new treatments could further enhance the country’s healthcare capacity and attract inter - national medical collaborations. Industrial Machinery and Equipment The defence industry in Bosnia and Herzegovina is perhaps the only sector of the economy that has drastically increased exports in 2024 and achieved success. In the first ten months of this year, arms exports from Bosnia and Herzego - vina amounted to BAM292,573,958, compared to BAM190,785,069 during the same period last year. This represents an increase of more than BAM100,000,000 in value in arms exports over the course of one year. According to data from the Indirect Taxation Authority of Bosnia and Herzegovina, the most exported items were bombs, grenades, torpe - does, mines, rockets, and similar military muni - tions, totalling BAM262,660,799. Military weap - ons, excluding revolvers and pistols, worth BAM20,750,444 were exported, while parts
and accessories for products worth around BAM9,000,000 were exported. On the other hand, weapons worth BAM28,496,234 were imported, with the majority being bombs, gre - nades, torpedoes, mines, rockets, and similar military munitions. The largest portion of exports went to the Unit - ed States, valued at BAM71,912,170, followed by Saudi Arabia with BAM42,515,488, and the Czech Republic with BAM35,689,347. In the region, the largest amount of arms was exported to Serbia, totalling BAM20,757,916. The Austrian company ASTA Energy Transmis - sion Components GmbH, through its subsidiary ASTA Bosnia d.o.o., is investing in production in the city of Cazin. This company specialises in manufacturing coils for transformers, genera - tors, and various types of motors, and collabo - rates with leading energy companies. They have already initiated partial production in a rented facility near the Ratkovac Business Zone, with plans to expand their operations for the automo - tive industry. The investment, totalling BAM23,000,000, involves constructing a 50,000 m² production facility, including a 20,000 m² administrative area. This expansion is expected to create up to 200 jobs over the next three to five years. The defence industry is currently a key driver in the country’s economic development. Demand for its products has surged, largely due to the ongoing war in Ukraine, while many other indus - tries in the European market are experiencing a decline.
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