In the first three years, 7.9 million BAM will be invested in the Trebinje Free Zone

Today, December 9, the Government of the Republic of Srpska passed a Decision on giving consent for the area of the Trebinje Free Zone and determining the justification of its establishment.

Acting in accordance with the Law on Free Zones of the Republic of Srpska and in accordance with the provisions of the Rulebook on Criteria for Assessing the Economic Justification of Establishing a Free Zone, the Ministry of Economy and Entrepreneurship assessed the economic justification of establishing the “Trebinje Free Zone”, and determined that all prescribed criteria for assessing the economic justification of establishing the zone were met.

Namely, the planned volume of investments in the first three years will amount to 7.9 million BAM, which is higher than the planned amount required by the Ordinance, ie. 3 million BAM, the Republic of Srpska Government announced.

The employment plan in the free zone envisages that at least 240 workers will be employed in the first three years, while the Rulebook stipulates the obligation to employ at least 100 workers in the first two years of its work, so this criterion will also be met.

Also, it has been determined that the establishment of a free zone will have a positive impact on the development of the city of Trebinje and the surrounding municipalities, most of which are underdeveloped (Nevesinje, Gacko, Bileća, Ljubinje, Berkovići).

The plan for the transfer of modern technologies has been determined, and the criterion on the value of goods that are planned to be reported from the free zone, ie. goods produced in the free zone will be mostly intended for export and significantly exceed 50% of the total value of goods produced over a period of 12 months.