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The Fourth Economic Forum of Bosnia and Herzegovina was held yesterday, on March 5, 2020 at the Hotel Holiday. The Forum was organized by the Faculty of Economy of the University of Sarajevo and the Economic Institute Sarajevo.  This year’s Forum was focused on promoting sustainable development goals, the importance of digital development and the Western Balkans banking sector.

The 2020 BiH Economic Forum was opened by Prof. Dr. Jasmina Selimović, Dean of the Faculty of Economy in Sarajevo, Zoran Tegeltija, Chairman of the Council of Ministers of BiH and Johan Sattler, Head of the Delegation of the European Union to BiH and European Union’s Special Representative. The introductory speeches touched upon resources and qualities that BiH has to offer, and the problems that negatively impact the economy. The event began with discussions on brain drain, the position of youth, emigration, pollution, political instability and the new coronavirus (the first case in BiH was recorded a few hours before the beginning of the Forum) and its impact on the world economy.

The 2020 Economic Forum of BiH comprised two panel sessions:


The first panel session was moderated by Professor Dr. Zlatko Lagumdžija, and the discussion focused on the regional economy and the steps the countries in the region can take to improve the economy and the business climate. The panelists discussed the situation in their own sectors, presenting the latest statistics and ways for Western Balkans countries to unite and develop together. Speakers included Jeffrey Sachs, United Nations Secretary-General's Special Adviser on the MDGs, Filip Vujanović, former President (2013-2018) and Prime Minister (2008-2012) of Montenegro, and Fadil Novalić, Prime Minister of the Federation of Bosnia and Herzegovina. One of the conclusions from this session is that developing youth policies is important, along with investing in startups and involving young people in decision-making processes.

During the second panel session, moderated by the General Director of the Kakanj Cement Factory, Branimir Muidža, the participants talked about youth leaving the Western Balkans, the challenges in achieving sustainable development goals and the importance of investing in education. Special focus was placed on the digital transformation of business operations and the benefits of digitalization, particularly when it comes to the digitalization of the banking sector. The panelists during the second session were: Jasmin Mahmuzić, Director of the Banking Agency of FBiH; Boško Mekinjić, Member of the Management Board of the Banks Association of BiH; Dino Ibrahimović, representative of the Infobip company; Martina Drvar, Vicegovernor of the Croatian National Bank, Director of Mistral and Amina Karić, Vice President of Operations at Authority Partners. The conclusion of the panel discussion was that education is the foundation of the society and its economy and that digital banking should develop and catch up with the world economy which has seen rapid changes in the past few months.

The Economic Forum of Bosnia and Herzegovina was held for the fourth consecutive year and has so far included more than 1800 participants from the academic community, diplomatic, political and economic sectors. This Forum facilitated numerous partnerships among different sectors, gave rise to new ideas and helped launch new initiatives. It is important to add that the Forum’s organization efforts were supported by young people, students from the Faculty of Economy of the University of Sarajevo.

The Economic Forum was attended by a representative of the Institute for Youth Development KULT.

IMG 4824

Today, the Institute hosted a meeting with representatives of the Vlasenica Municipality, to discuss how to improve prospects for youth in this local community. Representatives of the Municipality were particularly interested in the Institute’s models for support in developing youth policies.

We talked about opportunities for cooperation, supporting the working group for developing a youth policy, furnishing their youth center and creating a high-quality program for working with youth. One important topic during the meeting were the young people in umbrella youth structures in Republika Srpska.

Representatives of the Municipality noted that Vlasenica has young people willing to invest time in their own progress and the development of their community, and that they would like to provide these young people with stronger support.

The Institute will work with the Municipality’s Development Department on creating a Memorandum of Cooperation defining our future cooperation on improving the position of youth in Vlasenica, promoting successful young people and supporting young people’s initiatives. 

Municipality representatives were Goran Đurić, Deputy Mayor, and Željko Damjanović, Head of the Development Department.

Public Call 19.03.0-N2.1-22

REad and REthink


The Institute for Youth Development KULT is issuing a public call for participants of a four-day training for youth (18-30 years old), from eligible local communities. The training is organized within the project “Providing support to youth in local communities in Bosnia and Herzegovina” implemented by the International Organization for Migration (IOM) with the financial support of the Government of the United Kingdom. The training will offer young people an opportunity to hone their critical thinking skills, improve their political education and learn to adopt an analytical approach to information presented to them.


Regardless of whether or not they have any political training or experience, this training will teach young people how to filter information provided by political leaders and/or representatives of political parties in BiH by using critical thinking, recognizing negative rhetoric, its impact on young people and the general population in BiH, and the type of atmosphere it fosters in terms of reconciliation and coexistence in BiH.

The training will provide youth with knowledge and skills in media literacy, analyzing political speech and communication, and critical thinking necessary for adopting a critically-minded approach to information. The participants will learn about how to analyze information, what tools to use, and how to access real and realistic data.

After the training, participants will have the opportunity to put to use everything they learned during the training and conduct a local civil initiative that will address a problem or a need they identified in their local community. Local civil initiatives (LCI) should be designed together with the young people from local communities community, and the Institute will support the participants with funds and mentorship.


The training will be offered in two time slots in two BiH cities:

  • 6-10 February 2020 – MOSTAR, Hotel Bristol
  • 13-17 February 2020 – BANJA LUKA, Hotel Jelena

Young people who apply will be able to choose where they want to attend the training, depending which dates work better for them. The training will last 4 days (Thursday, Friday, Saturday, Sunday).

The times stated in the public call are not final, and the Institute reserves the right to change the dates and times of the workshops. The participants will be notified of any changes on time.


The Institute for Youth Development KULT will cover expenses for the transportation, accommodation, food and materials you will be using during the training.


  • Youth between the age of 18 and 30.
  • Youth from: Bužim, Brčko, Bileća, Sarajevo, Istočno Sarajevo, Jablanica, Foča, Zvornik, Prijedor, Zenica, Cazin, Čapljina, Bugojno, Tuzla and Zavidovići.
  • Youth who are active in their local communities (leaders and activists), whether it be the political or non-governmental sphere.
  • Youth who are motivated to actively work on their political education and develop critical thinking skills.


If you’re interested in applying and you meet the criteria above, submit your application through the electronic form available here:

If you need more information call us at 033 778 763 or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it..

Applications are open until 11:59 PM on January 31, 2020.

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