Prijedor - Economy

Economy

Prijedor is a large service and industrial center and host some of the largest companies in Bosnia and Hercegovina.

It has a developed financial sector, 11 international banks are represented, 5 microcredit organizations and a foundation for development. The city's huge economic potential is in the strategic geographical location being close to Zagreb, Belgrade, Budapest and Vienna. Giving it one of the best climates for economic expansion in Bosnia-Herzegovina.

The agricultural land around the city, raw minerals in the municipality and growth of high educated population in the city proper gives it a unique combination of both being able to produce sophisticated industrial products, food and service branches.

Companies

The city host today the Bosnian headquarter of ArcelorMittal Steel Company, worlds largest steel company with over 320,000 employees in more than 60 countries. It also has companies specialized in the chemical industry such as Ferrox a.d., producing iron oxides-pigments. BosnaMontaza AD., one of Bosnias most specialized steel manufacturers, manufacturing: steel construction, pipelines, reservoirs, technological equipment, cranes and energy plants. Other companies such as the Croatian food company Kraš has one of its biggest fascilites in Bosnia and Hercegovina in Prijedor, producing confectionery products under the brand names MIRA and Kraš. Brand names such as "Prijedorčanka" is one of the leading producers of the alcoholic beverage Rakija in Bosnia, placing its products inn Bosnia, Serbia and Croatia. Celpak Prijedor is also a big enterprise producing cellulose and paper for export.

Agricultural sector

Among this Prijedor has a fruit growing production, gardening production, crop farming production, mill and bakery industries, stock farming production, processing industries and a milk industry.

Lake Saničani, near Prijedor, is one of the biggest commercial fish farming lakes in the southern Europe.

Prijedor municipality takes up 834.06 hectares (58.450, 00 private property and 24.956,00 state property). Plowed fields and gardens take up 34.026,00 hectares, orchards 2.386 hectares and vineyards 5 hectares. All cultivate soil takes up 40.206,00 hectares .

Service sector

The service sector in Prijedor is growing rapidly and this reflects in the growth of hotels, stores, roads, educational facilities and shoppings centers that are being built in the city. Making it a growing commercial hub in Bosnia and Hercegovina.