Core Insights - Bosnia and Herzegovina (BiH) is experiencing trade deficits in both the Republika Srpska and the Federation of Bosnia and Herzegovina for the year 2025, with the Federation's exports being approximately double that of the Republika Srpska, while its imports are about three times higher [1] Group 1: Trade Data - In 2025, the Republika Srpska's export value is 5.354 billion marks, reflecting a year-on-year increase of 6.1%, while its import value is 7.628 billion marks, with a year-on-year increase of 3.9%, resulting in a trade coverage ratio of 70.2% [1] - The Federation's foreign trade deficit is more pronounced, with export values at 11.19 billion marks and import values at 21 billion marks, leading to a trade deficit of nearly 10 billion marks [1] Group 2: Economic Analysis - Economist Čavaljić notes that the trade deficit is characteristic of BiH's current development stage as a single economic space and an open small economy, partly due to the economy not being fully developed and relying on remittances to support consumption and import activities [1] - To achieve large-scale exports similar to the Federation, the Republika Srpska will need to import significant amounts of raw materials, energy, and other goods, highlighting the interconnected nature of foreign trade relationships [1] - It is important to consider the differences in import structures (for industrial, commercial, or other purposes) when comparing the foreign trade data of the two entities [1]

Core Insights - Sarajevo's tourism industry is experiencing growth momentum heading into early 2026, as evidenced by the monthly visitor statistics for January [1] Visitor Statistics - In January, Sarajevo welcomed 50,546 tourists, marking a year-on-year increase of 3% [1] - The total number of overnight stays reached 152,800, reflecting a significant year-on-year growth of 26.9% [1] - Foreign tourists accounted for 40,018 visitors, with 126,600 overnight stays, while domestic tourists numbered 10,528 with 26,200 overnight stays [1] Tourist Demographics - The primary sources of foreign tourists include Turkey, Croatia, China, Serbia, and Germany [1] Industry Outlook - The president of the Sarajevo Tourism Association, Fazlagic, indicated that the data demonstrates a strong upward trend in the tourism sector, highlighting Sarajevo's growing appeal as an international destination [1]

Core Insights - The EU feed price volatility is expected to sharply increase by the end of 2024 but stabilize throughout 2025, leading to improved profitability in the poultry sector [1] - Strong demand and ongoing disease pressures are tightening supply, resulting in a significant rise in poultry prices in 2025 [1] - The EU remains the world's third-largest poultry exporter, with increased export revenues driven by higher prices, particularly to regions in Africa, the Middle East, and Switzerland [1] - Poultry imports into the EU are projected to rise significantly in 2025, mainly due to increased imports from Brazil, Thailand, and China, despite a decline in imports from Ukraine [1] - The overall outlook for the EU poultry market remains optimistic, supported by strong consumer demand, although structural risks persist, including market volatility related to highly pathogenic avian influenza (HPAI) and ongoing trade uncertainties [1] Group 1 - Ireland's poultry slaughter volume is expected to grow by 8% in 2025, reaching 12.2 million birds [2] - Primary poultry export revenue from Ireland is projected to increase by 18% year-on-year, reaching €163 million, with the UK remaining the main trading partner, accounting for over 60% of total exports [2] - The value-added poultry export revenue is expected to grow by 17%, reaching €230 million, with the UK continuing to be the primary market [2]

Core Viewpoint - Ireland is increasingly viewed as an attractive target for criminals, necessitating significant investment in security to maintain safety in Europe [1] Defense and Security Investment - Ireland's defense spending is notably low, at only 0.2% of GDP, the lowest among EU member states [1] - The imbalance between Ireland's high wealth and low defense spending creates both reputational and actual risks [1] - Addressing this imbalance is crucial for protecting citizens, infrastructure, and Ireland's standing in Europe [1] Investment Plans - The Irish government announced a €1.7 billion defense investment plan for December 2025, representing a 55% increase from the previous year [1] - This investment will cover new radar systems, anti-drone systems, aircraft, sonar, and upgrades to naval equipment [1] - The plan signifies the most significant shift in Ireland's security posture in decades and demonstrates a commitment to enhancing national and European resilience [1]

Group 1 - The total timber production in the Republika Srpska reached 1.8276 million cubic meters in 2024, marking a 2.3% increase compared to the previous year [1] - The breakdown of timber production includes 610,300 cubic meters of coniferous logs, 297,300 cubic meters of broadleaf logs, 546,100 cubic meters of broadleaf firewood, and 245,200 cubic meters of coniferous industrial wood suitable for chemical processing, pulp, and board production [1] Group 2 - In 2025, the total sales of various types of timber amounted to 1.8828 million cubic meters, reflecting a 7.2% increase from 2024 [2] - The Secretary of the Forestry and Wood Processing Association of the Chamber of Commerce of Republika Srpska, Igor Andric, expressed optimism regarding the growth in both timber production and sales [2] - Notably, there was a significant increase in timber production and sales in December 2025, with production up 116% and sales up 97% compared to December 2024, attributed to favorable weather conditions facilitating timber harvesting [2]

Core Viewpoint - The global airline industry's profit is projected to reach $41 billion in 2023, driven by strong demand and favorable fuel prices, aiding recovery from the pandemic [1] Group 1: Industry Performance - Avolon, along with two other Irish leasing companies, collectively owns and leases approximately one-sixth of the world's aircraft [1] - The growth in profitability is expected to be led by countries such as India, the UAE, and Saudi Arabia [1] - European airlines are anticipated to continue benefiting from a favorable market environment, with profitability expected to remain strong through 2026 [1] Group 2: Challenges and Limitations - Despite strong demand across multiple markets, the airline industry faces limitations due to backlog in new aircraft orders from Boeing and Airbus [1] - The industry is also confronted with adverse factors, including increasing geopolitical uncertainties [1]

Group 1 - India plans to reduce tariffs on cars imported from the EU from a maximum of 110% to 40%, marking the largest market opening to the EU to date [1] - The Modi government has agreed to immediately lower tariffs on EU cars priced over €15,000, with tariffs set to gradually decrease to 10% [1] - The anticipated free trade agreement is expected to boost bilateral trade and enhance exports of Indian textiles and jewelry [1] Group 2 - Currently, European car manufacturers hold less than 4% of India's annual car market of 4.4 million units, which is dominated by Japanese Suzuki and local brands Mahindra and Tata [2] - Local brands account for two-thirds of the market share, while the Indian market is projected to grow to 6 million units annually by 2030 [2]

Core Viewpoint - Bank of Ireland has slightly revised down its economic growth forecast for 2026, indicating a shift towards more sustainable growth rates while still remaining robust [1] Economic Growth Forecast - The GDP growth forecast for 2026 is now 2.8%, down from the previous estimate of 3.1% [1] - The revised domestic demand (MMD) growth for this year is projected at 2.3%, slightly lower than the earlier forecast of 2.6% [1] - For 2025, the GDP growth forecast has been increased to 11.2%, up from 10.7% [1] Employment and Housing Market - Employment is expected to grow by 1.5% in 2026, with the unemployment rate gradually rising to 5% [1] - House prices are projected to increase by 4% [1] Economic Risks and Infrastructure - The chief economist of Bank of Ireland, McCoy, noted that many risks facing Ireland are external, but competitiveness pressures and infrastructure bottlenecks may increasingly constrain the economy [1] - The successful implementation of the government's €106 billion national development plan is deemed crucial given the uncertain outlook [1]

除间接税分配收入外，各实体及布尔奇科特区还将分配用于公路建设的道路专项通行费。其中波黑 联邦分配2300万马克，塞族共和国分配1500万马克，布尔奇科特区分配79.1万马克。（驻波黑使馆经商 处） 波黑国家台2月2日报道。2026年1月，波黑间接税收入8.85亿马克，较去年同期增长500万马克，增 幅0.57%。除去退还的增值税1.87亿马克，分配给国家机构、各实体和布尔奇科特区的净间接税收入为 6.98亿马克。其中，国家机构分配得到7900万马克，波黑联邦分配得3.81亿马克，塞族共和国分配得 2.14亿马克，布尔奇科特区分配得2100万马克。 （原标题：波黑今年1月间接税收入实现小幅增长） ...

法新社2月5日报道，西非地区手工与小规模采金业正经历从边缘化向战略化转型的关键阶段。布基 纳法索矿业部表示，该国2025年黄金产量突破94吨，其中手工采金贡献达42吨，较2024年的8.1吨实现 跨越式增长。同期加纳通过设立黄金统一监管机构GoldBod，推动手工开采黄金年出口额达209亿美 元，约占该国黄金出口总额的一半。两国通过建立国有专营机构等措施加强行业规范，使传统手工采金 业成为提振国民经济、把握国际金价上涨机遇的重要力量。当前金价维持在每盎司5000美元高位的背景 下，西非产金国持续推进产业正规化改革，其经验对马里、科特迪瓦等区域国家具有示范意义。 （原标题：西非手工采金业向战略化转型） ...