Daily e-newspaper • N° 2978 • Sarajevo, November 15, 2017 MASTERCARD 870,10 BIFX Bosnia Follows Global (0,00%) Trends in Card Payments 622,09 SASX- 10 Online payments have a good predisposition because (-0,08%) users recognize benefits, MasterCard representative says 1.000,61 SASX-30 (-0,01%) 563,40 BIRS (-0,03%) 304,96 ERS10 (0,87%) 2.440,37 ORS (0,03%) the country, which was held in Sarajevo on Tuesday. Amir Trokic, MasterCard Account Manager for BiH, said that the survey, conducted on a sample of 1,000 citizens of Bosnia and Residents of Bosnia and Herzegovina reason for that are market regulations Herzegovina over the age of 18, successfully follow modern trends in that require the taxation of all internet showed that the residents of BiH are fol - card payments and online shopping, and purchases over 50 convertible marks, lowing world trends in card payments most often buy clothes and technology which is not the case in the rest of and that there is interest and need for devices on the internet, says Jelena Europe,” Ristic noted. She stressed that cards. “Online payments have a good Ristic, Director of MasterCard for MasterCard has been working to predisposition because users recognize Bosnia and Herzegovina, Serbia and encourage this form of purchase. Ristic benefits. With its experience, knowl - Montenegro. “Although 82.4% of the said this during a presentation of the edge and technology, MasterCard is population of BiH uses the internet, only 2017 Masterindex survey that tackles ready to help further development of 8% use the internet for shopping. The the use of modern payment methods in BiH,” Trokic added. E.LJ. ARMS INDUSTRY Igman Plans to Invest 10 Million Euro in Development of New Products, Capacity Expansion Konjic-based arms industry Igman plans engaged in securing new contracts for to invest 10 million euros in the develop - 2019,” Muratbegovic stressed. He ment of new products and the expan - added that the entire production of this sion of existing production capacities in company is intended for export. The the 2017-2019 period. In the past two demands of the Armed Forces of Bosnia years, the company invested more than and Herzegovina are small and mostly two million euros in facilities and equip - refer to the needs of members in ment, Igman’s director Djahid peacekeeping missions. “We export Muratbegovic said in an interview with some 50 percent of production to the the BH Business magazine. “In 2016, United States, which s a great acknowl - we generated 60 million euros in rev - edgment for us. We have customers in enue and a profit of 10 million euros, have already agreed exports of our 50 countries on all five continents,” which are invested in development. We products for 2018 and we are also Muratbegovic said. A.G. B&H Business, November 15, 2017 2 IMPROVING WATER MANAGEMENT Seminar on Dutch Way of Handling Water Supply, Sanitation Held in Sarajevo The seminar presented the Dutch expertise in water supply and sanitation to a group of over 50 knowledgeable and experienced professionals The Embassy of the Netherlands to experience and solutions which the with water supply in Sarajevo are a clear Bosnia and Herzegovina organized in Dutch experts and organizations have to indication, but also experiences from Sarajevo on Tuesday a seminar on the offer. In his opening address, the other cities of BiH. For example, only Dutch Way of handling water supply and Ambassador of the Netherlands to BiH, 20% of the houses in BIH is connected sanitation. The program was realized in Dr. Reinout Vos, stressed that the pro - to sewerage systems. The intention of close cooperation with MOFTER BIH and gram of the seminar offers the possibil - the Sarajevo seminar is very much that the Netherlands Water Partnership, the ity for exchange, networking and initia - we have to learn from each other in the Dutch Embassy said in a press release. tion of follow-up activities, apart from area of water supply and sanitation and The seminar presented the Dutch pure knowledge transfer from the Dutch identify which Dutch solutions will best expertise in water supply and sanitation experts. The Ambassador also meet BiH’s needs. Although the to a group of over 50 knowledgeable expressed his thanks and appreciation Netherlands and its experts have a and experienced professionals who deal for the efforts and cooperation of the worldwide reputation of being the best with water-related problems on a daily Ministry of Foreign Trade and Economic in water management matters, the basis. Presentations and Q&A’s were Relations of BiH, which played in impor - Dutch still believe that nobody has all held by a Dutch delegation of represen - tant role in the organization of the sem - the answers. The best and fastest way tatives of the Netherlands Water inar, while it plays a crucial role in the to produce results is to work together Partnership – a network of more than coordination and planning of relevant as experts and stakeholders. The pro - 200 private companies, government activities. On behalf of the Ministry, gram of the seminar covered a lot about agencies, knowledge centers and Bosko Kenjic presented the BiH situa - organization of the water supply and NGO’s, by experts in water supply and tion and future plans. The Netherlands sanitation in the Netherlands, chal - sanitation and by the representatives of has around 2.000 companies active in lenges and opportunities, Dutch tech - the water governance from the Dutch the water technology sector, Dutch nologies and innovations, waste water Waterboard (Rivierenland), research water experts are present in more than treatment as energy and resources fac - institutes and specialized companies. 80 countries, the Dutch are involved in tory, local solutions for waste water The seminar was attended by the repre - about 10% of the worldwide drinking treatment, innovations in water gover - sentatives of the relevant Bosnian min - water supply, applying integrated nance. Finally, the seminar sparked very istries, cantons, municipalities, regional approaches and seeking new and sus - lively conversations and discussions water authorities, institutes, universi - tainable solutions for very complex which indicate that a lot can be done ties, utility companies, companies spe - water issues. 99% of Dutch houses are together and that there is a clear inter - cialized in water management projects connected to the sewer system and est from the BIH participants to and representatives of international chlorine-free water flows out of the taps improve the situation in water manage - organizations active in water sector in in nearly all Dutch households (99.9%). ment and sanitation in their country. BiH. The interest of all these different A lot needs to be done in the water The event was finished with the Dutch stakeholders is considered to be a clear management sector of Bosnia and embassy’s annual business networking indicator of the need for knowledge, Herzegovina. The everyday experiences event, according to the release. E.LJ. Editor - in - Chief: AMRA ZIMIC; Publisher: POENTA d.o.o. Sarajevo, Augusta Brauna 3 Senior Editor: ENIS LJUBOVIC; Editor: IBRAHIM AyDOGAN; Journalist: ARNISA GAGULA Office Assistant: MUSTAFA BAHTANOVIC; DTP BEKIR TVRTKOVIC Marketing manager: AJNA NUHANOVIC GSM : 061 145 464 Phone : 033 942 226 E-mail : bhbusinessdaily @megatel.ba B&H Business, November 15 , 2017 3 NEW SUMMER DESTINATIONS Flydubai Hints at New Former Yugoslavia Routes Despite considering Tuzla as a potential new route, Efendi noted that the carrier ultimately ruled the city due to its close proximity to Sarajevo Hybrid carrier Flydubai is “very likely” to announce new seasonal routes to the former yugoslavia in the next month with both Dubrovnik and Ljubljana in contention. Speaking to EX-yU Aviation News at the Dubai Airshow earlier this week, Flydubai’s Senior Vice President for Commercial Operations, Jeyhun Efendi, said, “In the next one month we will be announcing our set of new sum - mer destinations and a lot of European routes are coming, especially in the South. We can't talk about them right now but some of them that have been mentioned, like Dubrovnik and Ljubljana, may be in our network". As EX-yU Aviation News learns, the airline has also held talks with several other air - line and holidaying at Porto ple, somewhere where there is demand ports along the Croatian coast this year. Montenegro, the luxury Dubai-owned during the summer, you may need a big - Despite considering Tuzla as a potential yacht marina and waterfront develop - ger machine [Emirates], while during new route, Efendi noted that the carrier ment, the route has attracted a signifi - the winter you might need to downgrade ultimately ruled the city due to its close cant number of passengers from to less capacity [Flydubai]," the Senior proximity to Sarajevo and the relatively Albania as well. Flydubai is also working Vice President said. Commenting on its small market. Flydubai launched season - with Emirates to better optimise its net - overall network in the former al operations to both Podgorica and work. Apart from a wide-ranging code - yugoslavia, Efendi noted, "Some of the Tivat this year, with the latter to resume share agreement between the two air - highlights are going daily into Belgrade next summer. "Because Tivat is a sum - lines, which now covers all routes in the this month, as well as the new flights to mer destination we shifted to Podgorica former yugoslavia, both are seeking Podgorica via Sarajevo". He added, via Sarajevo during the winter. Our aim ways to better coordinate their sched - "Sarajevo is one of our more popular is to evaluate the route to see if ules and even swap some destinations, routes but it is quite seasonal.