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About the EU4Business Project

Micro, small and medium-sized enterprises in Bosnia and Herzegovina have the potential to create growth and create new jobs. With the aim of strengthening the BiH economy, the EU4Business Project of the European Union encourages the development of entrepreneurship, export-oriented sectors, tourism and agriculture, as well as rural development.

For this purpose, a total of EUR 10 million has been earmarked through a grant.

The EU4Business Project is worth EUR 16.1 million and is jointly funded by the European Union (EUR 15 million) and the Federal Republic of Germany (EUR 1.1 million). The Project is being implemented jointly by GIZ, ILO and UNDP, from April 2018 to March 2022.

Project title: Improvement of innovative capacities through the introduction of standards and new technologies in production

Locations where the project is being implemented: 78252 Trn, Laktaši

Area: Export-oriented sectors

Sector: Metal industry

Brief description of the Project: Within this project, Procesna oprema inženjering d.o.o. plans to improve its business through a series of activities. Future products will be of increased quality due to the use of modern CNC machines and the introduction of new standards EH 1090 and EH 3834. The introduction of 5s organization method would significantly increase the organization of production as well as effective production monitoring through production monitoring software. Also, it is planned to design and build a prototype of a new product that would have wide application. The Project envisages the improvement of organizational and production capacities, which should be accompanied by the employment of new workers. In addition to achieving improved product quality, we expect that we will in this way increase the volume of production and exports to the EU market. The Project should also contribute both to increasing the innovative capacity of the Company and hiring new highly qualified workers.

The project is implemented by: Procesna oprema inženjering d.o.o., Trn - Laktaši

Total value of the project (in BAM): 255,450.00

Approved funds (in BM): 125,800.00

Project duration: 12 months