According to commit4fitness, Bosnia and Herzegovina is a country located in Southeastern Europe. It is bordered by four countries: Croatia, Serbia, Montenegro, and Slovenia.
The total length of Bosnia and Herzegovina’s borders is 1,386 km (860 mi). The border between Bosnia and Herzegovina and Croatia measures about 932 km (579 mi) and runs along the western boundary of Bosnia and Herzegovina. This border was established following an agreement between both countries that recognized their respective borders in 1994.
Serbia also lies to the east of Bosnia and Herzegovina and is separated from it by a border measuring about 302 km (187 mi). This border was established following an agreement between both countries that recognized their respective borders in 2006.
Montenegro also lies to the southeast of Bosnia and Herzegovina and is separated from it by a border measuring about 251 km (156 mi). This border was established following an agreement between both countries that recognized their respective borders in 2006.
Slovenia also lies to the northwest of Bosnia and Herzegovina and is separated from it by a border measuring about 201 km (125 mi). This border was established following an agreement between both countries that recognized their respective borders in 1991.
Industry Sectors in Bosnia and Herzegovina
The industry sectors in Bosnia and Herzegovina are diverse and varied, with many different areas of production and manufacturing. The largest sector is the manufacturing sector, which accounts for around one-third of the country’s GDP. This sector is dominated by metalworking and electronics manufacturing, although there are also some smaller industries involved in textiles, furniture, food processing and chemical production.
The mining sector is also important to Bosnia and Herzegovina’s economy. The country is rich in minerals such as coal, iron ore and bauxite, which are mainly mined in the Republika Srpska region of the country. In addition to these minerals, there is also a significant amount of natural gas located in the region which is used for both domestic consumption and export.
The energy sector plays an important role in Bosnia and Herzegovina’s economy as well. The country has several hydroelectric power plants as well as several coal-fired power plants that provide electricity to both the local population and other countries in the region. In addition to this, there are numerous renewable energy sources such as solar, wind and geothermal that are being developed throughout the country.
Finally, tourism has become increasingly important to Bosnia and Herzegovina’s economy over recent years with many people from around the world visiting its stunning natural landscapes including mountainside lakeside resorts or its medieval cities such as Sarajevo or Mostar. The government has taken steps to ensure that this industry grows further by investing into infrastructure development projects such as improving roads or providing more accommodation options for tourists visiting the area.
Construction Sector in Bosnia and Herzegovina
The Construction Sector in Bosnia and Herzegovina is an important part of the country’s economy, accounting for around 10% of its GDP. The sector is made up of both residential and non-residential construction projects. Residential construction includes the building of single-family homes, apartments, condominiums, and other types of dwellings. Non-residential construction includes office buildings, shopping centres, industrial facilities, hospitals and other public buildings.
The majority of residential construction projects are funded by private investments while the larger non-residential projects are typically funded by public funds or grants from international organizations such as the European Union. In recent years there has been a significant amount of foreign investment in the sector which has helped to boost its growth and development.
The government has also taken steps to encourage investment in the sector through various incentives such as tax breaks for developers or subsidies for certain types of projects. These incentives have helped to attract more foreign investors as well as local companies who are now able to take advantage of these benefits when constructing new projects or renovating existing ones.
In addition to this, Bosnia and Herzegovina has also been investing into infrastructure development initiatives such as improving roads or providing more access to electricity or water supply in rural areas. This has enabled more people to be able to build homes or businesses in these areas which has had a positive effect on the economy overall.
Overall, the Construction Sector in Bosnia and Herzegovina plays an important role in its economy with both residential and non-residential projects providing employment opportunities for many people throughout the country while also helping to improve infrastructure throughout the region.