N1BOS — broadcast 20261102 120000 UTC 536 transcript segments Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive. Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record. [00:00:00] and reviewing the work, [00:00:02] so you see, we decided, this [00:00:07] private connections with the president given protest note was, of course, the first step. [00:00:10] I must say that we have not formally and officially received a single [00:00:13] answer from any institution. I [00:00:17] really hope, it was sent on Friday, well, it was [00:00:21] the weekend, right? Today is Monday, I hope [00:00:25] we will receive some official notification. So, [00:00:28] Izetbegović refers to our next steps, [00:00:32] there is collected, meaning enormous support, I cannot [00:00:35] describe it to you, we decided to consult [00:00:39] our colleagues from the non-governmental sector [00:00:42] who have been dealing for a long time with issues [00:00:46] of sociological nature, psychology, [00:00:49] so the general state of society and [00:00:53] the widest spectrum of activist action, [00:00:56] which is a priori related to security, what we [00:00:59] decided is to form a working group in the coming [00:01:03] period that will try [00:01:07] to coordinate and gather prominent [00:01:11] experts [00:01:14] from various fields that concern [00:01:18] the work, more or less concern all areas [00:01:21] of social action, so, uh, we [00:01:24] decided to gather that group, we have already contacted several [00:01:28] established organizations, [00:01:32] because we believe that no [00:01:35] organization in Bosnia and Herzegovina [00:01:39] you for can respond to such a complex and [00:01:42] we believe that a respectable working group [00:01:46] of experts, male and female experts, [00:01:48] should be gathered to deal with the complete [00:01:52] issue, and we must wait for a response to our [00:01:55] the legal deadline. [00:01:59] We hope... that we will get it, who worked, we will [00:02:02] inform the public about [00:02:06] organizing activities, what I would [00:02:10] ask all our friends, [00:02:12] collaborators, is to feel free to contact [00:02:16] the official email address, if they wish to [00:02:20] join - in the cooperation of an informal lobby [00:02:23] group on this and other issues of protecting the rights of women [00:02:27] to contact them. So, to the [00:02:31] prominent email address of our [00:02:34] community, we will certainly include all well-intentioned [00:02:38] people [00:02:40] to be part of this [00:02:43] story, because for a small Gračanica, [00:02:47] this is an extremely big undertaking and [00:02:50] we believe that we are not sufficiently capacitated to tell [00:02:54] the story, but coordination and activity of awakening [00:02:58] civic awareness for security. Good, good for [00:03:01] that, thank you very much once again, [00:03:04] we will certainly follow this whole case and we will, of course, follow [00:03:08] your activities, here I would like to ask once again [00:03:11] to add one sentence, [00:03:15] our first encounter with this topic and a public [00:03:18] recording was through [00:03:21] the Factor website where [00:03:24] we saw the way of communicating certain [00:03:27] information and so on, I would [00:03:30] ask the network of all [00:03:33] media, like you do with N1 for years, [00:03:36] you give us support so that all of us [00:03:40] truly, professionally and humanely and in solidarity, get involved [00:03:44] in thematizing [00:03:48] as many educational shows as possible in which [00:03:51] we will bring in experts to speak [00:03:55] and analyze [00:03:57] immediately reflect [00:04:00] we [00:04:02] rate, and one of at least create conditions for some future cases not [00:04:06] to have such a precedent. Thank [00:04:10] you once again, that was Larisa Šuša from the [00:04:13] women's lobby group Gračanica, [00:04:16] thank you. [00:04:25] A conference on economic equality for women, from equal [00:04:27] opportunities to leadership, was held in Sarajevo. Let's listen [00:04:31] to the addresses. This [00:04:34] research actually shows [00:04:38] the long-standing cooperation [00:04:40] between UNDP and the Agency for Gender Equality of Bosnia and [00:04:44] Herzegovina, the Ministry of Human Rights and Refugees [00:04:47] of BiH. [00:04:50] So, through the Women for Development Forum [00:04:53] and UNDP's initiative [00:04:57] Economics, we connect feminist [00:05:01] economics, research evidence and [00:05:04] women's experiences [00:05:07] with public policies and institutional [00:05:10] action. This [00:05:12] adjusted gap of [00:05:14] 13% [00:05:17] shows us that this difference in [00:05:20] earnings cannot [00:05:23] be explained only by education, [00:05:27] age, and personal [00:05:29] characteristics. [00:05:32] Unfortunately, uh, it also shows and [00:05:36] indicates structural [00:05:39] inequality in the valuation of work, [00:05:43] in the distribution of opportunities, as [00:05:45] well as in the recognition of women's economic [00:05:49] contribution. The Women for Development Forum [00:05:53] represents a very important platform for us, [00:05:57] because through that platform we connect [00:06:00] these findings, all these researches [00:06:04] practically with the voices of women, we strengthen [00:06:08] partnership and we improve [00:06:11] transformative [00:06:12] leadership [00:06:15] through the gender equality accelerator, which is a [00:06:19] large program jointly implemented by UN [00:06:23] agencies and the Agency for Gender [00:06:27] Equality and gender centers, with [00:06:30] the full financial [00:06:32] support of the European Commission in Bosnia and [00:06:36] Herzegovina, Sweden and [00:06:40] Denmark, we... [00:06:42] organized both these [00:06:46] researches and this meeting [00:06:50] of ours today. Thank [00:06:52] your attention. [00:06:54] Thank you for inviting me here today. It is an [00:06:58] honor to be here at the launch of this very [00:07:01] important study that supports the [00:07:04] advancement of gender equality in Bosnia and [00:07:07] Herzegovina. [00:07:10] My name is Alissa Bronsty. and I am economist [00:07:14] who supported some of this work and I want to [00:07:17] highlight some of its findings, [00:07:20] particularly from feminist economics [00:07:24] perspective. I think one important aspect to [00:07:28] highlight is that for the first time, [00:07:31] Bosnia and Herzegovina have achieved the milestone of [00:07:35] a statistical study that is comparable to the [00:07:39] statistical standards practiced. to do these kinds [00:07:43] of studies in the EU, and the [00:07:46] topline finding of gender wage gap [00:07:50] is 2.7% [00:07:53] before controlling for any of the [00:07:56] characteristics that women and men bring to the labor [00:08:00] market. [00:08:08] Good day to you. I thank you warmly for inviting me [00:08:12] to this conference, also to your [00:08:15] press conference. It is a great honor for me to be present here today [00:08:19] at the launch of a study that is [00:08:22] very important, that is, at its presentation, which is [00:08:26] extremely important for the context of gender [00:08:30] equality in Bosnia and Herzegovina and [00:08:33] its advancement. Namely, I am [00:08:36] an economist, my name is [00:08:40] Elisa Braunstein and [00:08:43] as an economist, I have supported [00:08:45] the development of this study [00:08:49] in certain parts and so I would like to emphasize [00:08:52] certain findings which [00:08:55] particularly [00:08:59] the feminist economic perspective. [00:09:02] Namely, this is the first time that Bosnia and [00:09:05] Herzegovina has reached a [00:09:09] turning point which [00:09:12] shows the fulfillment, that is, [00:09:15] the approximation to statistical standards that exist in [00:09:18] the European Union, and the main finding of this [00:09:22] study is therefore [00:09:24] 2.7% [00:09:29] before the control characteristics of [00:09:32] men and women in the labor [00:09:35] market, meaning 2.7% [00:09:38] participation. [00:09:43] gender wage gap is drawn from what i would [00:09:47] say sort of the raw numbers at [00:09:49] enterprises with 10 or more workers, it does not [00:09:53] include the agricultural sector or the public [00:09:56] administration [00:09:57] sector, [00:10:03] namely, the 2.7% [00:10:07] that was determined in the [00:10:09] study refers to [00:10:13] the difference in wages, the gender [00:10:17] difference in wages, this was reached [00:10:20] based on raw [00:10:23] data that was obtained from [00:10:27] companies that employ 10 or more [00:10:31] workers, which means that this percentage does not [00:10:34] include, does not include agricultural [00:10:38] producers, nor the public sector. [00:10:42] so this study took the this this project [00:10:45] took the study a step further [00:10:49] and looked at what we call the adjusted gender [00:10:52] wage gap, which is where the... through [00:10:55] statistical analysis you can [00:10:57] control for different qualities [00:11:01] that women and men bring to the labor market, in [00:11:04] particular things like education, [00:11:08] which sector they work in and age [00:11:11] as a proxy for [00:11:13] experience. [00:11:16] after controlling for those features, the [00:11:19] gender wage gap increases from [00:11:21] 2.7% to 13%. [00:11:31] So, it was precisely through this [00:11:34] project that the study went a step [00:11:38] further, so it reached the so-called [00:11:42] adjusted gender pay [00:11:45] gap. This is very important [00:11:49] for statistical analysis [00:11:52] because it takes into account [00:11:56] all the qualities that men and women bring [00:11:59] to the labor market. These qualities refer [00:12:03] to the level of education, refer [00:12:06] to the sector in which they are employed, refer [00:12:09] to age, which is [00:12:13] a substitute value for [00:12:15] experience. So, when all these [00:12:19] characteristics are taken [00:12:22] into account, then this gap of [00:12:26] 2.7%, that is, the gender pay gap, increases to [00:12:29] 13%. [00:12:33] And once you you can take this kind of analysis [00:12:37] even further and look at the returns [00:12:41] that women and men with the same characteristics [00:12:44] um get in the labor market in Bosnia and [00:12:47] Herzegovina and if you look at it from that [00:12:50] way because of women's lower market [00:12:54] returns. to the same [00:12:56] characteristics, the gender, the they [00:12:59] make negative [00:13:01] 7% um on the wage gap, which [00:13:05] means that for the characteristics that they bring to the [00:13:08] labor market, they get lower returns than men [00:13:12] do. [00:13:19] And so, this [00:13:22] analysis goes even [00:13:25] further, so it talks about [00:13:29] the so-called return for men and women [00:13:32] in the labor market and [00:13:35] with the existence of the same characteristics for [00:13:38] both men and women, so a lower [00:13:42] market, lower market return [00:13:45] for women was observed, which amounts to [00:13:49] negative seven percent, which means [00:13:52] that with the same characteristics, [00:14:03] women have a lower, smaller market return, and and so to close, I think it's important to focus on the fact that it's a select [00:14:06] group of women that are in the labor market and that are [00:14:10] studied by this analysis, [00:14:14] and another important feature, gendered [00:14:17] feature of the labor market in Bosnia and [00:14:19] Herzegovina is that women have very low labor [00:14:23] force participation. [00:14:27] the most important targets in addition, in addition to looking [00:14:31] at the gender wage gap, is to understand why it [00:14:35] is that so few women do participate in the [00:14:38] labor market, and why do they meet more [00:14:41] gender inequality when they get [00:14:43] there? [00:14:46] and we're closing now, so I want to thank you very much for your [00:14:50] attention this [00:14:51] morning. [00:14:55] thing, so we focused [00:14:57] on a selected group of women present [00:15:01] in the labor market and an analysis [00:15:05] was conducted which shows [00:15:08] a different characteristic [00:15:11] of their presence in the labor [00:15:14] market. Namely, the [00:15:18] rate of women's participation [00:15:22] in the labor force [00:15:25] is low, along [00:15:27] with the gender pay [00:15:30] gap. So, we saw why so [00:15:33] few women are present in the labor market and [00:15:37] it was concluded that [00:15:40] they face [00:15:43] greater gender inequalities [00:15:46] in the labor market itself. Thank you very [00:15:50] much. [00:15:59] The United Nations Security Council on Friday extended the mandate of the European [00:16:03] Union military mission in Bosnia and Herzegovina for another year. [00:16:06] And from the United States of America comes the message that political [00:16:09] parties that have won the trust of citizens must start acting as soon as possible, [00:16:13] while European countries insist on preserving the strong [00:16:16] mandate of the High Representative with executive powers. [00:16:20] The OHR report sent to New York for the last Security Council session is [00:16:24] actually just an objective overview of the situation in Bosnia and [00:16:27] Herzegovina, it contains facts, there are very few political qualifications [00:16:31] and if there are any, they are based on verifiable [00:16:34] facts. All those who hoped that now after the departure [00:16:38] of Christian Schmidt the report would go in the direction [00:16:41] of fulfilling someone's wishes and projections of what the real situation in Bosnia and [00:16:44] Herzegovina is were wrong and it is obvious that Louis Krysok [00:16:48] took his job seriously and will probably continue to do it until the end [00:16:51] of his term, that is, until the election of a new permanent High Representative. So, [00:16:55] warnings about blockages, [00:16:58] that have long been present in this country are there, this is another warning [00:17:02] to the international community that the situation in Bosnia and Herzegovina is not stable, on the contrary, [00:17:06] it is far from it and that Bosnia and Herzegovina must continue to receive [00:17:10] the case before, that other [00:17:13] crises must not turn into an excuse [00:17:16] not to pay attention to Bosnia and Herzegovina anymore. In this particular [00:17:19] case, we can distinguish three positions within [00:17:23] the international community that are reflected in the situation in Bosnia [00:17:26] and Herzegovina. The first is this position of the European Union, i.e., influential [00:17:29] European countries. From the speeches of their representatives at the Security [00:17:33] Council, it was completely clear that they continue to stand on the positions of the need [00:17:37] to preserve Bosnia and Herzegovina on the foundations of the Dayton Agreement [00:17:40] and its strengthening as a state, at the same time [00:17:43] warning that it is necessary to curb and [00:17:46] prevent secessionist threats and everything that leads to the destabilization [00:17:50] Herzegovina. Russia, [00:17:53] of course, thinks that Bosnia and Herzegovina should be abandoned and that everything should be left to [00:17:56] domestic politicians. The United States, whose statement, [00:18:00] that is, the statement of their representative, was expected with particular attention, are, I [00:18:04] would say, in a way in between, so what the Ambassador [00:18:09] said at the Security Council meeting, [00:18:11] reflected the American position through the message that they [00:18:14] actually want to give an opportunity to these newly elected [00:18:17] authorities to show whether they are capable, serious, responsible enough to take [00:18:21] responsibility for the situation in the country. So, if the new authorities can eventually [00:18:25] take a step further towards stabilizing the situation and implementing [00:18:28] reforms, so much the better. If not, the status quo will continue, but that is [00:18:31] only to the detriment of those who claim to have the ability, possibility, and [00:18:35] desire to take responsibility for the situation in Bosnia and Herzegovina. Let's not [00:18:39] delude ourselves too much, regardless of how important and influential the European Union [00:18:43] is and how it is the primary foreign policy goal of Bosnia and [00:18:46] Herzegovina, very little can actually be done to approach that [00:18:49] goal as long as there is some discrepancy in the attitude [00:18:52] of the international community as a whole, and by that I mean, of course, primarily the [00:18:56] West towards Bosnia and Herzegovina. When it [00:18:58] comes to that issue, then I am primarily referring [00:19:02] to the elections for the American Congress that await us in two [00:19:06] days and things. Next, American foreign policy is actually [00:19:09] something comparable to an aircraft [00:19:11] carrier, it is a situation where it is very [00:19:15] difficult to change the course that vessel is taking, and [00:19:19] when that is done, it takes time to return to some other settings or to [00:19:23] redirect it. Therefore, even if there is a significant change [00:19:26] in the balance of power in the United States when it [00:19:30] comes to the balance of power in Congress, it will not necessarily [00:19:35] on the foreign policy of the United States because the executive powers remain [00:19:38] in the hands of the Trump administration, and it will obviously [00:19:42] have now, and will have in the future, many more important priorities than [00:19:46] Bosnia and Herzegovina, so I think that from that side we should [00:19:50] not expect any exceptionally new winds to [00:19:53] blow. The only thing that Bosnia and Herzegovina can use here to [00:19:56] its advantage is this impetus coming from neighboring countries, [00:19:59] for example, Montenegro, which has shown that despite internal [00:20:03] friction, misunderstandings and conflicts, both about the past and about [00:20:06] the present, about the future, [00:20:10] it can still make progress if there is good [00:20:14] will to implement reforms. So, I think that in Montenegro [00:20:17] they have shown that there is some minimum consensus about what the fundamental interests [00:20:21] of ordinary people are, who care about improving their living standards and opening [00:20:25] some perspective of getting out of the Balkan quagmire. That can [00:20:28] also be done in Bosnia and Herzegovina, it's just a question of good [00:20:31] will and eventual readiness to do it. I think that after the elections [00:20:35] in Serbia, when Milorad Dodik lost another [00:20:38] important support in his separatist policy [00:20:42] and in confrontation with the whole world, except, of course, with [00:20:46] the Russians, that this can also mark a positive contribution in which [00:20:50] some positive energy will be created here within Bosnia and Herzegovina [00:20:53] that will change things for the better, but again [00:20:56] I must say that I am a bit skeptical there. A new government is being announced, [00:21:00] we saw Mr. Bobakir Izetbegović who [00:21:04] is now announcing that a new coalition will be established [00:21:07] very soon, rejecting the SDP, but at the same time offering us some problematic concepts, at least from [00:21:11] my point of view, when he says that the SDA needs a new [00:21:15] Fadil Novalić, so [00:21:18] the fact that the government should be taken over by people [00:21:22] who have already been convicted of abuse of official position and authority and [00:21:26] for that reason are in prison, and if the future of Bosnia and Herzegovina [00:21:29] is to be built or reformed in that way, then there is [00:21:31] really nothing to it. [00:21:39] The route of the southern interconnection is changing. The new gas pipeline [00:21:42] route should bypass the problem of state property by routing it over existing [00:21:46] public infrastructure. The Federal Ministry of Energy [00:21:50] states that they are not familiar with these plans. [00:21:53] The American company EFS is rapidly working on a feasibility study [00:21:57] for the new route of the Southern Interconnection gas pipeline, which, according to the director [00:22:00] of this company's branch in Bosnia and Herzegovina, should bypass state [00:22:04] property and thus solve the main problem of project realization. [00:22:07] Amer Bekan, in an interview with N1, says that the new project is necessary not [00:22:11] only because of property but also because of the ban on the company using the old [00:22:15] BH Gas project, which was financed by the European Union. [00:22:19] We engaged one company in the world [00:22:22] that is currently working on a new project, a new feasibility [00:22:26] study. That project costs around [00:22:29] 10 million dollars. We are currently working on a completely new [00:22:33] project. The European Union, which financed the majority [00:22:37] of the southern interconnection project, [00:22:39] did not give its consent for that project to be handed over to us, [00:22:43] that is, for BH Gas to hand it over to us, so we are working on a completely new [00:22:46] project. We are currently working on a variant [00:22:50] in which the law on the south, [00:22:54] that is, the law on state property, [00:22:57] will not be a stumbling block to this project, that is, we are working on an [00:23:01] alternative for which it will not be necessary to resolve [00:23:04] state property issues. Bekan did not explain how, unofficially, [00:23:08] existing infrastructure such as roads [00:23:11] which are public goods would be used. Following [00:23:15] roads is a more expensive and longer option, but for investors it [00:23:19] apparently seems a more realistic option than waiting for [00:23:22] a political solution to the issue of state property. The [00:23:25] Federal Ministry of Energy is not aware that an alternative [00:23:29] solution is being worked on. They previously emphasized that they are working intensively on [00:23:32] the contract. The contract itself does not specify the route, but [00:23:36] the directions, so the feasibility study should not be an [00:23:39] obstacle to the document that should soon be signed with [00:23:42] the federal authorities, says Bekan. There are a few [00:23:46] points left that we need to harmonize with BiH legislation. [00:23:50] "You must understand, I mean, the public [00:23:53] must understand that this is ultimately not just about the southern interconnection, but about a [00:23:57] complete investment [00:24:00] limit or, I would say, a framework of some two million, two billion [00:24:03] euros, and such things must [00:24:06] be checked, must be [00:24:09] harmonized, because at one point that investment must not be [00:24:12] jeopardized. Let's remember that according to the law on the southern interconnection, which [00:24:16] the federal parliament adopted in April, domestic authorities were given [00:24:20] one month to harmonize and sign the contract for the construction [00:24:23] of the southern interconnection gas pipeline. The deadline expired [00:24:26] in May. Almir Bačarević comments that because of all [00:24:30] of the above, he does not believe that the works will start before [00:24:33] 2030, if it even happens [00:24:37] at all. You know Mr. Lakić's statement that the southern [00:24:40] interconnection will be built by 2020, by the end of [00:24:44] 2027, when Russian gas will no longer be in [00:24:47] Europe. You know when it will be built, 2027. It will never [00:24:50] be built, not even in 2030, because [00:24:53] how can you build 200 km of gas pipeline [00:24:57] in one year? It's impossible, you don't even have a project, you have nothing, you don't have permits, [00:25:01] you have nothing, you don't have expropriation, there are no basic [00:25:03] things. We asked Bekan, but the American [00:25:07] company has never commented on deadlines, precisely because of the complexity [00:25:11] of the project. When will the new contract be signed, [00:25:15] the director of Energoinvest is not aware, but it is a [00:25:18] strategic project that will ensure [00:25:20] competitive gas prices and therefore it must be [00:25:23] insisted upon. The question of what is too slow, I will tell you [00:25:27] for Krk, for example, as an LNG terminal, Croatia worked on that project for almost 10, 15 [00:25:31] years, these are not projects that are solved in one [00:25:34] year, in six months, there was a very big pressure to speed everything [00:25:38] up, but the reality of those projects is longer, unfortunately we are victims [00:25:42] of inaction in the previous period, otherwise, let's remember that Democratic [00:25:45] Congressman Bill Keating published on September 15th with the support [00:25:49] of colleagues from the party a report in which he problematizes American [00:25:52] support for the company AFS in the Southern [00:25:55] Interconnection project. The construction of the gas pipeline is not in dispute, what is in dispute [00:25:59] is the experience of the investor and his political ties with [00:26:03] the Donald administration. Trap. I believe this [00:26:06] happened solely due to their [00:26:09] that they have absolutely no experience in managing liquefied natural [00:26:13] gas pipelines nor experience in the Western [00:26:16] Balkans. The State Department responded to these allegations by saying [00:26:19] that concession models were the choice of American companies and were [00:26:23] sovereign decisions of officials of the Federation of Bosnia and [00:26:25] Herzegovina. A similar response came from the American [00:26:29] investor. Tina Elindis da R. [00:26:35] The Ugljevik thermal power plant is back in operation thanks to coal arriving from [00:26:39] the Bukova Kosa mine near Prijedor, which has temporarily [00:26:42] reduced the need for electricity imports. However, energy [00:26:45] economic experts warn that this is not a long-term solution and that [00:26:49] the citizens of Bosnia and Herzegovina could face new electricity price increases as early as the beginning [00:26:53] of next year. Estimates speak of price increases of up to [00:26:56] 30%, and the consequences could also be felt through rising prices [00:27:00] of other products and services. [00:27:04] Online shopping changes consumer habits, but it raises questions [00:27:08] of security, customer protection, and merchant business practices. While [00:27:12] citizens are increasingly shopping online, the domestic market is still [00:27:15] looking for a way to keep up with this [00:27:17] trend. [00:27:19] To look for a desired product at home and buy it online or go from [00:27:23] store to store and choose. Although it is gaining [00:27:26] popularity, trust in online shopping and the experiences of citizens [00:27:30] are still varied. [00:27:32] is the thing, you don't have to bother, you can order from home, that's [00:27:36] it, you won't believe it, I bought chocolates online, they show you [00:27:40] for example coffee, you would usually buy coffee, now [00:27:43] instead of going somewhere, you know you'll need that coffee, I'll buy it [00:27:47] online, 2 kg, let it sit, I also look at prices [00:27:51] depending on what I need, household, [00:27:54] clothes, shoes, not that often, you have conveniences, you go in and [00:27:58] buy closer, I don't want to buy until I touch it, I don't [00:28:02] like anything. My wife and daughter buy, they probably buy something [00:28:05] too. One of the key factors when buying is the price, [00:28:08] the same product in different stores can cost significantly [00:28:12] more or less, which is why citizens are increasingly comparing prices. [00:28:15] One example of such a possibility is the platform Škrtica.B [00:28:19] which was recently launched by Dženan Hamzić, a resident of Zenica with an address in [00:28:23] Austria. Average savings on Škrtica between current [00:28:27] offers is about 61 or 62 [00:28:30] marks, but for larger products, household appliances, for [00:28:33] televisions, for mobile phones, that difference is significant, I have [00:28:37] a good example from yesterday where my wife was looking for [00:28:41] a vacuum cleaner and we found a difference of 700 [00:28:44] marks. Although interest in online shopping is growing, the domestic [00:28:47] market still lags behind more developed countries, especially when it comes [00:28:51] to product availability and ease of ordering. In [00:28:54] many countries around the world, online trade practically [00:28:58] surpasses in importance and influence traditional [00:29:01] trade. Practically everything is bought and ordered online, [00:29:05] this is a trend that it would be normal to [00:29:08] fully transfer to Bosnia and Herzegovina. Unfortunately, in [00:29:12] our country, many things still cannot be ordered online in [00:29:16] as practical a way as in the world. Because of this, some citizens [00:29:19] are increasingly turning to foreign platforms, especially [00:29:22] low-budget ones from China. However, economists believe that they are [00:29:25] useful for consumers because they often offer citizens to buy the same products [00:29:29] significantly cheaper than on the domestic market. Any [00:29:33] burdening of such [00:29:36] trade, or such purchases with additional duties, as [00:29:39] is done in the European Union, would be very [00:29:42] wrong, it would discourage and make such [00:29:45] trade more expensive, on the other hand, it would contribute to even [00:29:48] higher prices on the domestic market. The development [00:29:52] of online trade is also accompanied by problems, according to estimates by the relevant [00:29:55] ministry, due to the gray economy in electronic trade, the Federation [00:29:59] of Bosnia and Herzegovina annually loses more than 200 million marks [00:30:03] in public revenue. The new law on electronic trade in [00:30:06] the Federation, according to announcements from the relevant ministry, could [00:30:09] regulate the current situation. One of the main goals of this [00:30:13] law is to ensure a safe [00:30:16] purchase for consumers in such a way [00:30:19] that the law clearly stipulates that the price of the product [00:30:23] must be clearly displayed, delivery costs, and that [00:30:27] returns of goods [00:30:29] that do not correspond to how they were [00:30:33] presented in sales are enabled. All [00:30:36] European directives have been applied in this law, [00:30:40] so unregistered sales via social networks will be regulated, for those who [00:30:43] operate outside the regulations, fines of 3,000 to [00:30:46] 30,000 marks are foreseen, while this area is not regulated, [00:30:50] citizens are left to carefully choose from whom and how they buy, [00:30:53] Feđa Kulina N1. [00:30:57] N1.