Bosnia: Sarajevska Pivara, country’s largest beer maker based in Sarajevo, has reported a 25% growth in 2004 net profit, up to BAM10.6m (US$7.3m) Bosnia’s news agency BH Biznis communicated on 17 March. Total revenue for 2004 reached BAM57.1 million. The company also held BAM13.1m in reserve funds at the end of last year.
Sarajevska Pivara d.d. is a medium-sized brewery located in Sarajevo, in the Federation part of Bosnia and Herzegovina. Sarajevska Pivara was established in Sarajevo as a private entity in 1864. In 1947 the firm was nationalized. In 1990, Sarajevska participated in a national privatization program whereby the State's ownership stake was partially privatized through purchases of shares by management and employees. Sarajevska produces beer, carbonated water, and carbonated soft drinks.
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