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Description Bosnia and Herzegovina by rbd.me
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Bosnia and Herzegovina's declaration of sovereignty in October 1991 was followed by a declaration of independence from the former Yugoslavia on 3 March 1992 after a referendum boycotted by ethnic Serbs. The Bosnian Serbs - supported by neighboring Serbia and Montenegro - responded with armed resistance aimed at partitioning the republic along ethnic lines and joining Serb-held areas to form a "Greater Serbia." In March 1994, Bosniaks and Croats reduced the number of warring factions from three to two by signing an agreement creating a joint Bosniak/Croat Federation of Bosnia and Herzegovina. On 21 November 1995, in Dayton, Ohio, the warring parties initialed a peace agreement that brought to a halt three years of interethnic civil strife (the final agreement was signed in Paris on 14 December 1995). The Dayton Peace Accords retained Bosnia and Herzegovina's international boundaries and created a multi-ethnic and democratic government charged with conducting foreign, diplomatic, and fiscal policy. Also recognized was a second tier of government composed of two entities roughly equal in size: the Bosniak/Croat Federation of Bosnia and Herzegovina and the Bosnian Serb-led Republika Srpska (RS). The Federation and RS governments were charged with overseeing most government functions. The Dayton Accords also established the Office of the High Representative (OHR) to oversee the implementation of the civilian aspects of the agreement. The Peace Implementation Council (PIC) at its conference in Bonn in 1997 also gave the High Representative the authority to impose legislation and remove officials, the so-called "Bonn Powers." In 1995-96, a NATO-led international peacekeeping force (IFOR) of 60,000 troops served in Bosnia to implement and monitor the military aspects of the agreement. IFOR was succeeded by a smaller, NATO-led Stabilization Force (SFOR) whose mission was to deter renewed hostilities. European Union peacekeeping troops (EUFOR) replaced SFOR in December 2004; their mission is to maintain peace and stability throughout the country. EUFOR's mission changed from peacekeeping to civil policing in October 2007, with its presence reduced from nearly 7,000 to less than 2,500 troops. Troop strength at the end of 2009 stood at roughly 2,000. In January 2010, Bosnia and Herzegovina assumed a nonpermanent seat on the UN Security Council for the 2010-11 term.
WebCam
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Location
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Southeastern Europe, bordering the Adriatic Sea and Croatia
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Area - comparative
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slightly smaller than West Virginia
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Natural resources Bosnia and Herzegovina
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mountains and valleys
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Population Bosnia and Herzegovina
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within Bosnia and Herzegovina's recognized borders, the country is divided into a joint Bosniak/Croat Federation (about 51% of the territory) and the Bosnian Serb-led Republika Srpska or RS (about 49% of the territory); the region called Herzegovina is contiguous to Croatia and Montenegro, and traditionally has been settled by an ethnic Croat majority in the west and an ethnic Serb majority in the east
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Religions Bosnia and Herzegovina
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Bosniak 48%, Serb 37.1%, Croat 14.3%, other 0.6% (2000)
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Languages
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Muslim 40%, Orthodox 31%, Roman Catholic 15%, other 14%
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Education Bosnia and Herzegovina expenditures
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Bosnian, Croatian, Serbian
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Government Bosnia and Herzegovina type
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NA
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Independence
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2 first-order administrative divisions and 1 internationally supervised district* - Brcko district (Brcko Distrikt)*, the Bosniak/Croat Federation of Bosnia and Herzegovina (Federacija Bosna i Hercegovina) and the Bosnian Serb-led Republika Srpska; note - Brcko district is in northeastern Bosnia and is a self-governing administrative unit under the sovereignty of Bosnia and Herzegovina and formally held in condominium between the two entities; the District remains under international supervision
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Bosnia and Herzegovina Economy - overview
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The interethnic warfare in Bosnia and Herzegovina caused production to plummet by 80% from 1992 to 1995 and unemployment to soar. With an uneasy peace in place, output recovered in 1996-99 at high percentage rates from a low base; but output growth slowed in 2000-02. Part of the lag in output was made up in 2003-08 when GDP growth exceeded 5% per year. However, due in large part to the global economic crisis, GDP fell by about 3% in 2009, exports fell 24%, and unemployment - as officially reported - rose above 40%. Banking reform accelerated in 2001 as all the Communist-era payments bureaus were shut down; foreign banks, primarily from Austria and Italy, now control most of the banking sector. The konvertibilna marka (convertible mark or BAM)- the national currency introduced in 1998 - is pegged to the euro, and confidence in the currency and the banking sector has increased. Bosnia's private sector is growing and foreign investment is slowly increasing, but government spending, at nearly 50% of adjusted GDP, remains high because of redundant government offices at the state, entity and municipal level. Privatization of state enterprises, however, has been slow, particularly in the Federation where political division between ethnically-based political parties makes agreement on economic policy more difficult. A sizeable current account deficit and high unemployment rate remain the two most serious macroeconomic problems. Successful implementation of a value-added tax in 2006 provided a predictable source of revenue for the government and helped rein in gray market activity. National-level statistics have also improved over time but a large share of economic activity remains unofficial and unrecorded. Bosnia and Herzegovina became a full member of the Central European Free Trade Agreement in September 2007. In 2009, Bosnia's economy was hurt by the global financial downturn, with GDP, exports, and employment all showing declines. One of Bosnia's main challenges has been to cut public sector wages and social benefits to meet the IMF's budget deficit criteria and qualify for additional tranches of Fund aid.
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Investment Bosnia and Herzegovina
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43% of GDP (2009 est.)
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Industries Bosnia and Herzegovina
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11.6% (2008 est.)
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Airports Bosnia and Herzegovina
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5 (2009)
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