Corruption and Bureucracy
Political corruption is one of the more acute problems in Bosnia and Herzegovina, and the main one that accounts for low amount of tax money used for the population, due to government inefficiency and corruption, especially at the lowest levels. Bosnia-Herzegovina is also lacking a good E-governance structure to allow easier investment and business climate. Today it takes between 3–5 weeks to register a company in the country.
Bosnia has been preparing for an era of declining international assistance. Bosnia's most immediate task remains economic revitalization to create jobs and income.
Read more about this topic: Economy Of Bosnia And Herzegovina
Famous quotes containing the word corruption:
“I condemn Christianity. I raise against the Christian church the most terrible accusation that any accuser has ever uttered. It is to me the ultimate conceivable corruption. It has possessed the will to the final corruption that is even possible. The Christian church has left nothing untouched by its depravity: it has turned every value into a disvalue, every truth into a falsehood, every integrity into a vileness of the soul.”
—Friedrich Nietzsche (1844–1900)