Serbia recorded a drop in exports of 261 million KM

10.01.2021. / 13:13

BANJA LUKA – The President of the Chamber of Commerce of the Republic of Srpska, Borko Đurić, stated that there are slight indications of economic growth, and that it is very important that the economy will be at the top of priorities this year.

Photo: Nezavisne novine


“It is very important for us that, according to the announcements of the authorities, the economy will be at the top of priorities this year, right behind the health sector. Leading EU countries have taken a similar approach. “, said Đurić in an interview with Srna.

He pointed out that in the coming period, the business of the economy will primarily depend on the situation regarding the corona virus in Srpska and BiH.

“We hope to talk more this year about economic growth, whose mild signs are now being felt, than about this scourge that has done us great harm.”, said Đurić.

He assessed as encouraging the slight recovery of certain branches of the economy and higher orders from foreign partners in the last few months, which is a good basis for the beginning of 2021, adding that it will not be enough to repair the deficit recorded primarily in the first months of the pandemic.

Đurić reminded that in the first nine months of 2020, the value of Republika Srpska’s exports amounted to 2.77 billion KM, of which 85% was realized by the processing industry.

The most important sectors of the economy, and especially the processing industry, which contribute the most to total exports, are the areas of metal industry, textiles, leather and footwear, as well as the wood industry, in which the largest number of export-oriented companies operate.

He said that he expects the tourism sector, as well as companies engaged in passenger transport, to continue to be the most affected, but that support for other branches of the economy will create opportunities for additional measures to repair the damage in the most endangered sectors.

CONSEQUENCES OF THE PANDEMIC

Speaking about the negative consequences of the corona virus on the economy of Srpska, Đurić stated that the drop in demand in the Eurozone, as the largest export to the Srpska market, led to a decrease in industrial production in Republika Srpska, which in 10 months of 2020 is less than in 2019. by 8.3 percent, of which the largest decline of 12.7 percent was recorded in the manufacturing industry.

He stated that the disruption of supply chains and lower demand from EU countries and the CEFTA region led to a decline in production and sales of export-oriented companies, and a negative trend of total foreign trade activity was recorded – Serbia recorded a decline in exports of 261 million KM, while the value of imports was lower by 310 million KM.

“We should be especially concerned that we are comparing these indicators with 2019, which, in economic terms, was much worse than 2018.”, said Đurić, adding that the Chamber of Commerce of Republika Srpska has been very active since the beginning of the pandemic and that it has created a series of measures, most of which were adopted by the Government of Srpska.

According to him, all these proposed measures had two goals, to save companies and jobs.

ADOPTION OF THE ACTION PLAN NEEDED

“It is unrealistic to expect that we will solve all the accumulated problems in a short period of time, especially if we take the situation in which our economy currently finds itself. However, I am convinced that, with clearly defined goals and competencies, with better mutual coordination of all, well-designed policies and precise deadlines, corrective measures if something does not go according to plan, dedicated work with the highest degree of responsibility – we can achieve the expected results. “, said Đurić.

He emphasized that, therefore, an action plan is needed which would define the order, dynamics and degree of execution of structural reforms and planned measures / in the Program of Economic Reforms, which was adopted by the National Assembly of Srpska at the December session /.

Đurić also expressed the expectation that the Chamber of Commerce will actively participate in the development of operational plans.

A large number of measures proposed by the Chamber of Commerce of Srpska were included in the Program of Economic Reforms, but the republican budget for next year did not include the repeated proposal of the Chamber of Commerce to provide funds of 100 million KM in the budget in a three-year cycle. technological development.

“That budget grant should represent 30 to 40 percent of the participation per project, which would generate an investment of 60 to 70 percent of the users’ own funds.” All these funds would generate new investments of companies, which would ultimately be the value of investments of about one billion KM. “, explained Đurić.

STEP OF DOMESTIC ECONOMY IN THE APPLICATION OF DIGITAL SOLUTIONS

Among the activities of the Chamber of Commerce last year, Đurić pointed out the formation of the Center for Digital Transformation of the Economy – as a necessity for the introduction of digital technologies for domestic companies.

This center will enable the breakthrough of the domestic economy in the field of application of digital solutions in business processes with the aim of increasing the competitiveness of the economy and the application of innovations in the Republic of Srpska.

Đurić stated that the main goal of the Center is to improve the business environment and provide services for optimization and acceleration of business processes, more efficient and transparent business, automation of processes and work procedures, ie process transformation in companies and adaptation to modern technological processes in the economy.

The activities of the Center will be realized through identifying the needs of economic entities in terms of improving their business through the application of digital transformation, and providing education and consulting, through training and certification of consultants for expert analysis and digital strategies in companies, and creating strategic partnerships with technology carriers and companies that will apply these solutions in their business.

“We have already implemented several activities in that field. Among other things, within the project `Innovation and digitalization in small and medium enterprises in BiH`, which is carried out by the German Development Agency, and one of the partners in the implementation of the Chamber of Commerce, activities were carried out to develop a digital strategy in 10 companies in Srpska from metal and wood processing industries ”, stated Đurić in an interview. Roe deer


Source: Capital.ba – Informacija je capital by www.capital.ba.

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