During its 144^th session held on 4 November 2021, the Government of Republic of Srpska approved the Proposal of the Law on Amendments to the Law on the Pension Reserve Fund of Republic of  Srpska in order to enable continuous cash flow from the business activities of the Reserve Fund and to ensure long-term financial sustainability of the compulsory pension insurance.

Based on the analysis of the current level of development of the capital market in Republic of  Srpska, it is proposed to redefine the investment limit of the Pension Reserve Fund so that, in the coming period, the Pension Reserve Fund of Republika Srpska continues to achieve positive results providing support for mandatory pension insurance.

This proposal would enable the investment of the Reserve Fund's assets in debt securities, which are not traded on the stock exchange or other regulated public market at the time of their acquisition, and whose listing will be made no later than one year from the date of its subscription in the Central Register. The possibility of investing the Reserve Fund's net assets in securities of non-BiH issuers would also be increased from 20% to 35% while geographical coverage for joint investments of the Reserve Fund and international financial organizations and multilateral development banks would be expanded.

​Today, the Government of Republic of Srpska also approved the Proposal of the Law on Amendments to the Law on the Development and Employment Fund of the Republic of Srpska which stipulates that the funds of the Development and Employment Fund of the Republic of  Srpska can be placed in loans to individuals for housing. The reasons for the amendments are the need to retain staff in the domestic labor market which is partly dependent on addressing the  increased demand for housing loans by individuals and on the need to further stimulate housing for citizens of Republic of Srpska, support for nativity policies and labor market development. In addition, it was proposed that the Fund shall be allowed to support the issue of corporate bonds guaranteed by the Republik of Srpska without restrictions on the amount of participation in the issue, because such issues are considered less risky for investors.

At today's session, the Government adopted the Decree amending the Decree on limiting the margins in trade of goods ("Official Gazette of the Republic of Srpska", No. 27/19), which decreased the existing margins in retail trade to 8% instead of the current 10% and existing margins in wholesale trade to be reduced to 6% instead of the current 8%.

With the mentioned Decree, in the sector of production of pharmaceutical preparations and medicines, the existing margin in retail trade is decreased to 18% instead of the current 20% and the existing margin in wholesale trade is reduced to 6% instead of the current 8%.

The main reason for adoption of the Decree amending the Decree on limiting margins in trade of  goods is the growing trend of wholesale and retail prices of products in the market of Republic of  Srpska, caused mostly by external factors such as rising world stock prices, rising energy prices, unfavorable weather opportunities that affected agriculture and caused lower yields and the like.

The adoption of the Decree will contribute to the reduction of retail prices of basic food items  and products important for the standard of the population and the Decree shall enter into force on the eighth day from the day of its publication in the "Official Gazette of Republic of Srpska".

The Government adopted the Decision on Amendments to the Decision on Determining the Priority Projects from the Public Investment Program of Republic of Srpska for Financing from the 2021 Budget of the Republic of Srpska according to which additional 7,800,000 BAM are approved for the projects which have based on the Ministry of Finance public call, been put forward by the cities and municipalities in the Republic of Srpska and which Government approves successively. When announcing the public call, it was planned to allocate 20 million for projects of financing and co-financing of local self-government units but due to large number of projects which have been submitted and the analysis performed, it was decided to accept them for the benefit of citizens.

The Government of the Republic of Srpska adopted the Strategy for Attracting Foreign Investments in the Republic of Srpska for the period 2021-2027, which was developed by the Ministry of Economy and Entrepreneurship of Republic of Srpska.

This strategic document was created on the basis of the analysis of the situation in Republic of  Srpska, BiH, the region and world trends, previous experiences, analysis of international reports and cooperation with key partners, institutions at the national and local level and representatives of business community.

The strategy defines three strategic goals, including the increase of the cumulative inflow of foreign direct investments in Republic of Srpska in the period 2021-2027, increase of the share of foreign direct investment in the GDP of Republic of Srpska and the number of newly established companies with foreign capital, as well as increasing the share of foreign direct investments that are motivated to improve efficiency and in accordance with the goals of sustainable development.

The Government of the Republic of Srpska has given its consent to the Proposal of the Agreement of Cooperation between the Government of the Republic of Srpska and "Technopark Saint Petersburg" which envisages the establishment and development of business relations, including the field of innovative technologies.

Cooperation of institutions of Republic of Srpska with "Technopark of Saint Petersburg" JSC, as the largest center of St. Petersburg for industry and innovative technologies, envisages the "Roadmap of activities for implementation of the list of priority areas of cooperation between the Government of St. Petersburg (Russian Federation) and Republika Srpska) for the period from 2021 to 2023. " The Road Map was signed on September 9, 2021 during the visit of the delegation of the Republic of Srpska to St. Petersburg led by the Prime Minister. During this visit, a meeting was held with the management of "Technopark Saint Petersburg" a.d., and the possibility of cooperation with companies and investors in the Republic of Srpska was discussed.

The Government approved the 2021 Spending Plan of the Ministry of Labor and Veterans Protection for construction and maintenance of monuments, memorials and military cemeteries related to the anti-fascist and liberation wars during the 20th century and the Defense and Patriotic War of the Republic of Srpska in total amount of BAM 81,644.00.