Bosnalijek is a Bosnian

pharmaceutical company The pharmaceutical industry is a Medicine, medical industry that discovers, develops, produces, and markets pharmaceutical goods such as medications and medical devices. Medications are then administered to (or Self-medicate, self-administered b ...

headquartered in

Sarajevo Sarajevo ( ), ; ''see Names of European cities in different languages (Q–T)#S, names in other languages'' is the Capital city, capital and List of cities in Bosnia and Herzegovina, largest city of Bosnia and Herzegovina, with a population of 2 ...

Bosnia and Herzegovina Bosnia and Herzegovina, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to th ...

. Established in 1951, it is the largest pharmaceutical company in Bosnia and Herzegovina, present in more than 20 markets and having annual revenue of around 80 million

euro The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ...

s (as of 2018).

History

Bosnalijek was established in 1951 in

, FPR Yugoslavia, present-day Bosnia and Herzegovina. In 2005, the

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...

provided Bosnalijek with a €7.5 million loan for the construction of an €18.5 million production and distribution center. In August 2016, Bosnalijek celebrated its 65-year anniversary. In October 2016, the Government of the Federation of Bosnia and Herzegovina sold its remaining shares in the company in the auction. As of 2019, Bosnalijek is presented in more than 20 markets, with revenues from foreign markets accounting for 76% of all revenues.

References

External links

* Pharmaceutical companies established in 1951 Companies based in Sarajevo Pharmaceutical companies of Bosnia and Herzegovina 1951 establishments in Yugoslavia Brands of Bosnia and Herzegovina {{Europe-company-stub