Armaments industry of Bosnia and Herzegovina exports again – Money.pl

2015-03-27 21:16

[Photo: Damian Handle / East News]

Bosnian arms industry in the fall after the war in the years 1992 to 1995, regained importance in the economy in difficulty and almost tripled production over the past five years due to the reconstruction and modernization of plants and the removal of corrupt managers.

The defense industry has again become a leading area of ​​Bosnian industry and exports its production to more than 60 countries, including the United States, Saudi Arabia, Turkey and Switzerland – writes Reuters.

– Production of 12 factories of our defense industry undoubtedly reached in 2015 a value of 200 million marks parts (105 million) – said on Friday that the agency Trhulj Erdal, the outgoing Minister of Industry Muslim-Croat federation part of Bosnia and Herzegovina (BiH).

The development of armaments sector contrasts with the slow progress essential economic reforms in other sectors of the economy of BiH, which this year will reach GDP growth of 2.5 percent. 0.7 per cent. growth in 2014, when the country was hit by devastating floods.

The defense industry BiH inherited from the once powerful country like Yugoslavia, specialized in the production of weapons and small arms, automatic guns, grenades and mortar shells. Most factories arms of Bosnia and Herzegovina is located in the Muslim-Croat federation, one of the two autonomous units into which the BiH during the war costing the lives of some 100 thousand. people.

Speaking of the reasons for the crisis in the domestic arms industry in the postwar years, Thurlj pointed out as the main culprits of corrupt managers who got rich on the smuggling of weapons and ammunition exports the whole world, to countries under an arms embargo. Reached the end of the factory machines were abandoned by unscrupulous private entrepreneurs and closed.

In 2010, the arms industry has brought the country low income.

– By 2011, it ruled the people who enrich themselves at the the smuggling of weapons. Our priority was to eliminate these people from the arms industry, and we managed to do it – the outgoing minister said.

Last year, the output value of the defense industry in the Muslim-Croat federation, which employs 2 300 people, has reached 145 million Brands parts and weapons exported for 100 million marks.

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