BOSNIA AND HERZEGOVINA MANAGEMENT COMPETENCIES FOR ACCEPTING EU FUNDS CAN EU FUNDS HELP IN DEVELOPING BOSNIA AND HERZEGOVINA ECONOMY, AND HOW TO MAKE THEM AVAILABLE TO BUSINESS ENTITIES

The main question the paper wants to answer is can EU funds help in developing B&H economy, and how to make them available to business entities. Bosnia and Herzegovina is one of the least developed countries in Europe, and it is a country that has not progressed when it comes to transition process and the EU accession. The conducted research on management in companies (corporate management), on officials in government bodies and parliamentary parties (state management), and also on students, point to possible solutions; how to stop the negative trends in business, employment and poverty, as well as how to speed up the process of the Euro Atlantic integration of B&H. One of the basic results of this research concludes that B&H presence in Europe is not a problem, but the fact that Europe (its value, social and economic systems) is not present in Bosnia and Herzegovina. Structural reforms and faster transition can create conditions for a faster economic development, and using EU funds for those purposes and (especially) for economic development can simultaneously be a motivation for a faster social and economic transition and the accession of B&H to the EU. Management in private companies are undoubtedly oriented in that direction, they expect the right preconditions and environment in order to be able to apply for EU funds. Those possibilities will mostly depend on the capability and efficiency of the state management . Therefore, there must be a persistent program for increasing the efficiency of the state management in B&H and for speeding up the EU accession process