EUROPEAN CHALLENGES AND PROSPECTS FOR BOSNIA AND HERZEGOVINA

Bosnia and Herzegovina (B&H) belongs to the group of countries of the Western Balkans, which has the status of potential candidate for EU membership. However, to achieve candidate status and full EU membership, it is necessary to carry out complex structural reforms that should ensure convergence towards EU countries, which will be a long and difficult process. The aim of this paper is to point to the specificities of economic and political transformations in BiH in the context of economic changes occurring in the environment and which can significantly affect the EU accession process. This paper gives an overview of the basic economic features of B & H, as well as projections on the movement of certain economic categories in the forthcoming period. An analysis of the position of B & H in the group of countries of the Western Balkans and the perspective of economic growth was conducted.