It's a shame that the internet is a virtual medium, because there are a lot of people out there that I'd like to express my deep feelings of friendship to, and having spent the last two years here in Serbia, I'd like to do it in a truly Serbian way.
Lay-offs as Bosnia’s Economic Woes Bite
| 24 November 2008 |
Sarajevo
Several other firms have also announced lay-offs amid growing evidence that the economic recession has started affecting the country’s industrial sector, local media reported on Monday. The head of the Federation Chamber of Commerce, Jago Lasic, said that more than 700 workers have been already laid off across the country but that the public is still unaware of this data.
Adding more to this grim news, statistics bureaus are reporting that Bosnia’s exports fell by 3.5 percent from September to October, while imports rose by 4.6 percent in the same period. This latest data shows that Bosnia’s trade deficit – seen as one of the biggest economic threats – has exceeded €4 billion in October and is likely to exceed €5 billion by the end of the year.
In addition, the first two Bosnian broker companies declared bankruptcy last week. They complained that the local securities sector has become unbearable for small brokers.
