DE MINIMIS AID TO BE GRANTED TO SUPPORT THE ECONOMY

SARAJEVO, NOVEMBER 12 /SRNA/ – The Council of Ministers has today adopted a decision establishing rules for the granting of aid, capped at EUR 750,000, to business entities providing services of general interest in line with EU legislation. The decision, proposed by the Ministry of Foreign Trade and Economic Relations, ensures the appropriate harmonisation of BiH regulations with relevant EU legislation in this area and encourages economic development, while respecting the principles of transparency and comprehensive reporting on de minimis state aid. Among other things, the decision lays down rules for granting aid for services of general economic interest, with a ceiling of EUR 750,000, expressed in BAM, over any three-year period. It also stipulates that such aid is not subject to the obligation to notify the BiH State Aid Council or obtain its approval, the Council of Ministers announced. The decision applies to de minimis aid granted to businesses in all sectors, with certain exceptions for fisheries, aquaculture, primary agricultural production, the processing and marketing of agricultural products, and export-related activities. The decision enters into force on the day of its adoption and will be published in the Official Gazette of BiH.