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:
“The traveller who has gone to Italy to study the tactile values of Giotto, or the corruption of the Papacy, may return remembering nothing but the blue sky and the men and women who live under it.”
—E.M. (Edward Morgan)