Bosnia and Herzegovina (BiH) is a country located in South-eastern Europe, known for its rich cultural heritage and diverse landscapes.
As a developing country, BiH has undergone significant economic and political changes in the past decades, leading to the establishment of various regulatory agencies to ensure the smooth functioning of different sectors.
Regulatory agencies play a significant role in Bosnia and Herzegovina by ensuring the safety, fairness, and efficiency of various industries and sectors. These agencies set and enforce rules and regulations that protect consumers, promote fair competition, and maintain the overall stability of the economy. Without their oversight, the country’s economic growth and development could be hindered.
Below is a list of the top 20 regulatory agencies in BiH:
1. Central Bank of Bosnia and Herzegovina (CBBH):
The Central Bank of BiH is the country’s central bank responsible for monetary policy, currency issuance, and financial stability. It also regulates and supervises the banking sector, ensuring the stability of the financial system.
2. Securities Commission of Bosnia and Herzegovina (SCBiH):
SCBiH is responsible for the oversight of the securities market in BiH. It regulates the issuance and trading of securities, as well as the activities of stock exchanges and investment funds.
3. Insurance Agency of Bosnia and Herzegovina (IA BiH):
IA BiH is the regulatory body for the insurance sector in BiH. It issues licenses to insurance companies, monitors their financial stability, and protects the rights of policyholders.
4. Communications Regulatory Agency of Bosnia and Herzegovina (CRA BiH):
CRA BiH is responsible for regulating the telecommunications and postal services sector in BiH. It issues licenses, sets tariffs, and ensures fair competition in the market.
5. State Electricity Regulatory Commission (SERC):
SERC is the independent regulator of the electricity sector in BiH. It sets tariffs, issues licenses, and promotes the development of the sector in line with EU standards.
6. State Agency for Metrology (BAM):
BAM is responsible for metrology, standardisation, and conformity assessment in BiH. It ensures that measuring instruments and products comply with international standards.
7. Directorate for Civil Aviation of Bosnia and Herzegovina (BHDCA):
BHDCA is the aviation regulatory body in BiH. It oversees the safety and security of air transport, regulates air traffic services, and issues licenses to aviation companies.
8. Agency for Medicinal Products and Medical Devices (ALMBiH):
ALMBiH regulates the production, distribution, and use of medicinal products and medical devices in BiH. It ensures their safety, quality, and efficacy.
9. Veterinary Office of Bosnia and Herzegovina (VOBiH):
VOBiH is responsible for the regulation and supervision of the veterinary sector in BiH. It sets standards for animal health and welfare, food safety, and veterinary medicines.
10. Directorate for Food Safety, Veterinary and Phytosanitary Affairs (FVPHA):
FVPHA is responsible for food safety and plant health in BiH. It ensures the implementation of EU standards and regulations in the food and agriculture sectors.
11. State Market Inspectorate (SMI):
SMI is responsible for enforcing consumer protection laws and regulations in BiH. It conducts inspections, investigates complaints, and imposes penalties for violations.
12. Indirect Taxation Authority (ITA):
ITA is responsible for the collection and management of indirect taxes in BiH, including customs duties, value-added tax, and excise duties.
13. State Border Service (SBS):
SBS is responsible for the control and surveillance of the state borders of BiH. It ensures the security and integrity of the borders and regulates the movement of people and goods.
14. State Investigation and Protection Agency (SIPA):
SIPA is responsible for investigating organised crime, corruption, and financial crimes in BiH. It also provides security for high-level state officials.
15. Public Procurement Agency (PPA):
PPA is responsible for regulating public procurement in BiH. It ensures transparency, competition, and efficiency in the procurement process.
16. Labor Inspectorate of the Federation of Bosnia and Herzegovina
The Labor Inspectorate is responsible for enforcing labour laws and regulations in the Federation of BiH. It conducts inspections, resolves labour disputes, and promotes safe and healthy working conditions.
17. Inspectorate of the Republika Srpska
The Inspectorate of the Republika Srpska is responsible for enforcing labour laws and regulations in this entity of BiH.
18. Directorate for Coordination of Police Bodies of Bosnia and Herzegovina (DKP BiH):
DKP BiH is responsible for coordinating the work of police and security agencies in BiH. It promotes cooperation and information sharing among these agencies to ensure the security of the country.
19. Directorate for European Integration (DEI):
DEI is responsible for coordinating and overseeing the process of BiH’s integration into the European Union. It prepares and implements strategies and policies for EU accession.
20. Directorate for European Affairs of the Republika Srpska
The Directorate for European Affairs of the Republika Srpska is responsible for EU integration at the entity level. It coordinates with DEI and other relevant institutions to ensure a coordinated approach to EU accession.