Financial competitiveness of manufacturing industry in the Republic of Srpska

Саша Вученовић; Милан Граховац

Authors

Саша Вученовић Faculty of Economics, University of Banja Luka
Милан Граховац Banja Luka Securities Exchange a.d. Banja Luka

Keywords:

competitiveness, national economy, industry, enterprise model, financial ratios, manufacturing

Abstract

The competitiveness of the industry implies its earning potential compared to other industries in the same country or compared to the other countries. It is the ability of industry to attract investment and adapting to the social economic conditions. In the Republic of Srpska for 2012 overall industrial production decreased by 4.2% compared to the 2011, indicating the impact of the second wave of the global economic crisis. Manufacturing industry in 2012 recorded a decline in the physical volume of industrial production by 4.8% compared to the 2011. In the manufacturing industry of the Republic of Srpska for period 2010 - 2012 there has been a decrease of capital and increase of the company’s liabilities, in other words weakening of the financial position for companies in manufacturing industry. Capacity for generating income in the manufacturing industry of the Republic of Srpska in the period 2010 - 2012 is deteriorated and realized net loss amounted 169.37, 180.10 and 199.67 million BAM, respectively, which proves the decrease of its financial competitiveness.

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