Economy Of Sarajevo
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Economy Of Sarajevo
The economy of Sarajevo is based largely on industries such as manufacturing and tourism. Sarajevo is economically one of the strongest regions of Bosnia and Herzegovina. As the center of various levels of area politics, many Sarajevo citizens also work in government. A number of local and international companies are present in the city and contribute to its economic health. Sarajevo is the most populous region, urban zone and the only metropolitan area in Bosnia and Herzegovina. The area generates approximately 45% of Bosnia and Herzegovina's GDP. Overview Sarajevo's economy reached its peak in the 1980s, thanks in large part to the culmination of several decades of industrial development and a tourist boom following the 1984 Winter Olympics, as well as increased international investment. During the Siege of Sarajevo, the Bosnian Serb forces often targeted structures key to the city’s economic health, including the headquarters of companies and many services and public uti ...
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Sarajevo Tram-Stop Banka 2011-10-28 (2)
Sarajevo ( ; cyrl, Сарајево, ; ''see names in other languages'') is the capital and largest city of Bosnia and Herzegovina, with a population of 275,524 in its administrative limits. The Sarajevo metropolitan area including Sarajevo Canton, East Sarajevo and nearby municipalities is home to 555,210 inhabitants. Located within the greater Sarajevo valley of Bosnia, it is surrounded by the Dinaric Alps and situated along the Miljacka River in the heart of the Balkans, a region of Southern Europe. Sarajevo is the political, financial, social and cultural center of Bosnia and Herzegovina and a prominent center of culture in the Balkans. It exerts region-wide influence in entertainment, media, fashion and the arts. Due to its long history of religious and cultural diversity, Sarajevo is sometimes called the "Jerusalem of Europe" or "Jerusalem of the Balkans". It is one of a few major European cities to have a mosque, Catholic church, Eastern Orthodox church, and synagogue ...
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Novo Sarajevo
Novo Sarajevo ( sr-cyrl, Ново Сарајево, ; lit. "New Sarajevo") is a municipality of the city of Sarajevo, Bosnia and Herzegovina. Neighborhoods *'' Grbavica I'' *'' Grbavica II'' *''Pofalići I'' *''Pofalići II'' *''Velešići'' *''Gornji Velešići'' *''Željeznička'' *''Dolac Malta'' *''Čengić Vila I'' *''Kvadrant'' *''Čengić Vila II'' *''Hrasno'' *''Hrasno Brdo'' *''Trg Heroja'' *''Kovačići'' *''Gornji Kovačići'' *''Vraca'' History Like Novi Grad, Novo Sarajevo is a product of the city's massive growth and development in the 1960s and 1970s. It is located in the middle of the Sarajevo field, predominantly on the northern bank of the Miljacka, between Novi Grad and Centar. Prior to the siege, Novo Sarajevo had some 47.6 km² (41.6% Forest, 17.5% Meadows, 13.5% Commercial/Building Land, 10.4% Grass-land, 8.4% Ploghland, 13.5% Gardens). Following the siege of Sarajevo, 75% of the lesser populated urban area was transferred to Republika Srpska (establis ...
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Zara (retailer)
ZARA () is a Spanish multi-national retail clothing chain. It specialises in fast fashion, and sells clothing, accessories, shoes, beauty products and perfumes. The head office is in Arteixo, in A Coruña in Galicia. It is the largest constituent company of the Inditex group. In 2020 it was launching over twenty new product lines per year. History Early history Zara was started by Amancio Ortega in 1975. His first shop was in central A Coruña, in Galicia, Spain – where the company is still based. He initially called it ''Zorba'' after the classic 1964 film ''Zorba the Greek'', but after learning there was a bar with the same name two blocks away, rearranged the letters to read "Zara". It is believed the extra ''a'' came from an additional set of letters that had been made for the company. It sold low-priced lookalike products of popular, higher-end clothing fashions. He opened more shops in Spain. During the 1980s, he changed the design, manufacturing, and distribution pr ...
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Philip Morris International
Philip Morris International Inc. (PMI) is an American multinational tobacco company, with products sold in over 180 countries. The most recognized and best selling product of the company is Marlboro. Philip Morris International is often referred to as one of the companies comprising Big Tobacco. Until a spin-off in March 2008, Philip Morris International was an operating company of Altria. Altria explained the spin-off, arguing PMI would have more "freedom," i.e. leeway outside the responsibilities and standards of American corporate ownership in terms of potential litigation and legislative restrictions to "pursue sales growth in emerging markets", while Altria focuses on the American domestic market. The shareholders in Altria at the time were given shares in PMI, which was listed on the London Stock Exchange and other markets. The company's legal seat is in New York City, but it does not operate in the United States of America. Philip Morris USA, a subsidiary of PMI's fo ...
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Porsche
Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see below), is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. The company is owned by Volkswagen AG, a controlling stake of which is owned by Porsche Automobil Holding SE. Porsche's current lineup includes the 718 Boxster/Cayman, 911 (992), Panamera, Macan, Cayenne and Taycan. History Origin Ferdinand Porsche (1875–1951) founded the company called "Dr. Ing. h. c. F. Porsche GmbH" with Adolf Rosenberger and Anton Piëch in 1931. The main offices was at Kronenstraße 24 in the centre of Stuttgart. Initially, the company offered motor vehicle development work and consulting, but did not build any cars under its own name. One of the first assignments the new company received was from the German government to design a car for the people; that is, a '' Volkswagen''. This resulted in the Volkswagen Beet ...
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Coca-Cola
Coca-Cola, or Coke, is a carbonated soft drink manufactured by the Coca-Cola Company. Originally marketed as a temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton in Atlanta, Georgia. In 1888, Pemberton sold Coca-Cola's ownership rights to Asa Griggs Candler, a businessman, whose marketing tactics led Coca-Cola to its dominance of the global soft-drink market throughout the 20th and 21st century. The drink's name refers to two of its original ingredients: coca leaves and kola nuts (a source of caffeine). The current formula of Coca-Cola remains a closely guarded trade secret; however, a variety of reported recipes and experimental recreations have been published. The secrecy around the formula has been used by Coca-Cola in its marketing as only a handful of anonymous employees know the formula. The drink has inspired imitators and created a whole classification of soft drink: colas. The Coca-Cola C ...
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Burger King
Burger King (BK) is an American-based multinational chain of hamburger fast food restaurants. Headquartered in Miami-Dade County, Florida, the company was founded in 1953 as Insta-Burger King, a Jacksonville, Florida–based restaurant chain. After Insta-Burger King ran into financial difficulties in 1954, its two Miami-based franchisees David Edgerton (1927–2018) and James McLamore (1926–1996) purchased the company and renamed it "Burger King". Over the next half-century, the company changed hands four times and its third set of owners, a partnership of TPG Capital, Bain Capital, and Goldman Sachs Capital Partners took it public in 2002. In late 2010, 3G Capital of Brazil acquired a majority stake in the company, in a deal valued at US$3.26 billion. The new owners promptly initiated a restructuring of the company to reverse its fortunes. 3G, along with partner Berkshire Hathaway, eventually merged the company with the Canadian-based doughnut chain Tim Hortons, u ...
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KBR (company)
KBR, Inc. (formerly Kellogg Brown & Root) is a U.S. based company operating in fields of science, technology and engineering. KBR works in various markets including aerospace, defense, industrial and intelligence. After Halliburton acquired Dresser Industries, KBR was created in 1998 when M.W. Kellogg merged with Halliburton's construction subsidiary, Brown & Root, to form Kellogg Brown & Root. In 2006, the company separated from Halliburton and completed an initial public offering on the New York Stock Exchange. The company's corporate offices are in the KBR Tower in Downtown Houston.Eriksen, Helen"Will KBR ditch its Houston headquarters for Katy suburbia?"''Houston Chronicle''. April 30, 2008. Retrieved on January 13, 2009. History M. W. Kellogg In 1901, Morris Woodruff Kellogg founded The M. W. Kellogg Company in New York City. The company was incorporated in 1905 and its headquarters was moved to Jersey City, New Jersey. Initially Kellogg's main business was power ...
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Federation Of Bosnia And Herzegovina
The Federation of Bosnia and Herzegovina is one of the two entities within the State of Bosnia and Herzegovina, the other being Republika Srpska. The Federation of Bosnia and Herzegovina consists of 10 autonomous cantons with their own governments and legislatures. The Federation was created by the 1994 Washington Agreement, which ended the Croat–Bosniak War within the Bosnian War, and established a constituent assembly that continued its work until October 1996. The Federation has a capital, government, president, parliament, customs and police departments and two postal systems. It occupies about half of the land of Bosnia and Herzegovina. From 1996 until 2005 it had its own army, the Army of the Federation of Bosnia and Herzegovina, later merged in the Armed Forces of Bosnia and Herzegovina. The capital and largest city is Sarajevo with 275,524 inhabitants. History The basis for the creation of the Federation of Bosnia and Herzegovina were laid down by the W ...
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Accounting
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and " financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measure ...
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Central Bank Of Bosnia And Herzegovina
The Central Bank of Bosnia and Herzegovina ( Bosnian, Croatian and Serbian: ''Centralna banka Bosne i Hercegovine'' / Централна банка Босне и Херцеговине) is the central bank of Bosnia and Herzegovina, located in the capital city, Sarajevo. The Central Bank of Bosnia and Herzegovina was established in accordance with the Law adopted at the Parliamentary Assembly of Bosnia and Herzegovina on June 20, 1997. It started its operation on August 11, 1997. The Central Bank of Bosnia and Herzegovina maintains monetary stability by issuing domestic currency according to the currency board arrangement with full coverage in freely convertible foreign exchange funds under the fixed exchange rate (1 BAM: 0.51129 EUR). The Central Bank of Bosnia and Herzegovina defines and controls the implementation of monetary policy of Bosnia and Herzegovina. The Central Bank of Bosnia and Herzegovina supports and maintains appropriate payment and settlement systems. It also c ...
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Serbia
Serbia (, ; Serbian: , , ), officially the Republic of Serbia (Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hungary to the north, Romania to the northeast, Bulgaria to the southeast, North Macedonia to the south, Croatia and Bosnia and Herzegovina to the west, and Montenegro to the southwest, and claims a border with Albania through the Political status of Kosovo, disputed territory of Kosovo. Serbia without Kosovo has about 6.7 million inhabitants, about 8.4 million if Kosvo is included. Its capital Belgrade is also the List of cities in Serbia, largest city. Continuously inhabited since the Paleolithic Age, the territory of modern-day Serbia faced Slavs#Migrations, Slavic migrations in the 6th century, establishing several regional Principality of Serbia (early medieval), states in the early Middle Ages at times recognised as tributaries to the B ...
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