Bosnia and Herzegovina
Bosnia and Herzegovina ammunition manufacturer Igman closed 2025 with a loss of approximately €7.8 million. The company reduced losses during the second half of the year after a significantly weaker first half. Management indicated that financial performance improved toward the end of the year.
Bosnia and Herzegovina
Bosnia and Herzegovina’s defense industry recorded its first export slowdown in years, as external trade barriers and internal production challenges disrupted a sector long driven by strong global demand.
Bosnia and Herzegovina
Azerbaijan is exploring new defense-industry partnerships with Bosnia and Herzegovina following a high-level meeting in Sarajevo. The Azerbaijani delegation expressed interest in ammunition producers Igman, Pretis, and Ginex, as both sides prepare a broader military cooperation framework for 2026.
Serbia
After Moscow’s criticism over alleged Serbian arms reaching Ukraine, President Aleksandar Vučić said Serbia faces export pressure from all sides — noting that “even when we give Bosnia gunpowder, they give us primers,” revealing deep regional supply links despite political tension.
Bosnia and Herzegovina
The Federation of Bosnia and Herzegovina has launched a full audit of its state-owned defense companies, ordering external financial reviews for 2021–2024 to uncover irregularities and strengthen oversight.
Bosnia and Herzegovina
Bosnian PM Nermin Nikšić revealed plans to build a domestic propellant plant near Tuzla and a new defense factory in Cazin, signaling a new era of industrial growth.