Economy of Laktaši municipality – basic tendencies

Economic trends in the municipality of Laktaši in 2018 are characterized by growth of total economic activity (measured by total income), growth of foreign trade and export volume, growth of corporate profit, employment growth, presence of indebtedness and insufficient liquidity of the economy, inability to secure favorable sources of financing, difficulties in realization products and collection of receivables, as well as the liquidation and bankruptcy of business entities, as well as the establishment of new companies.

The municipality of Laktaši has maintained the status of a developed municipality, which is attractive to investors as well as to new residents who move to the municipality. In the past year, the municipality of Laktasi recorded a positive migration balance (balance 170).

Total revenue of the municipality’s economy, compared to 2017, increased by KM 159,253,925, or by 12.98%, and amounted to KM 1,386,114,022, which is an indicator of the high level of economic activity. In the total revenue of the Republika Srpska, Laktaši municipalities participate with 6.43% (6.07% in 2017).

In terms of total revenues, profits, foreign trade, and number of companies, Laktaši municipality ranks third in Republika Srpska. In the area of ​​employment, Laktaši are also in a more favorable position than others. The administrative (official) unemployment rate is among the lowest in the Republika Srpska and stands at 13.76% and is well below the national average (28.43%). As at the level of Republika Srpska and BiH, there is a problem of leaving a quality and trained workforce, especially young people abroad, which requires taking systemic measures.

The total number of companies based in the municipality is 550 and is 4.36% higher than in 2017 (527). The number of entrepreneurs increased by 1.55% (yoy) from 772 to 784. In the total number of RS companies (10,143), Laktaši municipality participates with 5.42% (5.27% in 2017). By number of companies Laktaši is the third municipality in RS.

Chart 1. Number of companies by sectors and sectors

The size of companies in terms of size indicates the dominance of small companies (small and micro enterprises), both at the RS and municipal level. In the municipality of Laktaši, in 2018 the size of the companies was as follows:

– small enterprises – 522 (108 small enterprises; 414 micro enterprises),
– medium-sized companies – 23 i
– large companies – 5 (Integral Engineering a.d. Laktaši, Collector CCL
d.o.o. Laktaši, Civil engineering d.o.o. Laktaši, Cablex BiH d.o.o. Aleksandrovac-Laktashi Marbo d.o.o. Laktaši).

The analysis by sectors and industries (branches) of business (previous chart) shows that the largest number of companies operate in the sectors of trade (183), manufacturing (133), transport and storage (57), services (40), construction (34) and agriculture and forestry (31). The first branches of the manufacturing industry are metal and mechanical, food (food and beverage) and wood and furniture.

Foreign Trade Trade

Despite the lack of export orientation (the share of exports in the total income of the economy more than one-sixth), the municipality of Laktaši has a significant share in the foreign trade of RS and BiH.

 

Graph 2. Foreign trade turnover of Laktaši municipality, RS and BiH (in 000 KM)

The total volume of foreign trade of the Republic of Srpska in 2018 amounted to KM 9,326,541,000.00 and compared to the previous year it increased by KM 644,056,000.00, or 7.42%.

According to the volume of foreign trade, Laktaši municipality is the second municipality (by import the second, by export the third) out of 21 municipalities in the Banja Luka region, with a turnover of KM 748,107,000.00 (in 2017, KM 686,709,000.00). At the level of RS, the municipality of Laktaši ranks third in terms of exchange.
document link “The Economic Profile of the BFC SEE Community“