Economic development of a community involves improving the living conditions of its residents through economic growth and development, achieved through various measures such as improving the business environment, promoting innovation and investment, developing infrastructure, and supporting the establishment and growth of small and medium-sized enterprises, among others.

The Institute for Youth Development KULT plays a very important role in the development of local communities in Bosnia and Herzegovina and contributes to the creation of sustainable economic development, the establishment of a supportive business environment for innovation and new investments, and the increase in self-employment and youth employment. Working on sustainability involves numerous educational activities that promote environmental awareness among young people and their communities. Through training, mentoring, and providing financial support, the Institute aims to strengthen entrepreneurial awareness and improve the business environment for the development of small and medium-sized enterprises. International cooperation implemented through various projects and programs leads to increased overall economic activity in the community and opens up opportunities for increased and planned youth employment.

Economic developmentEntrepeneurship

Never Too Early For New Companies to Start Advocating for Human Rights

The project “Improving Human Rights Corporate Accountability in the BiH Business Sector” funded by the European Union and implemented by the Institute for...

Economic developmentEntrepeneurship

Presentation of Regional Research on Social Entrepreneurship

A representative of the Institute for Youth Development KULT took part in a webinar presenting the results of a regional analysis of social...

Economic developmentEntrepeneurship

Support from Local Administrations Crucial for Entrepreneurs

  The Institute for Youth Development KULT hosted a conference on the Importance of Municipalities and Cities in Supporting Entrepreneurs in the Local...

Development of sustainabilityEconomic development

USAID to Invest 12 Million in Continuing Localworks Activity

The United States Agency for International Development (USAID) in Bosnia and Herzegovina launched the Localworks Activity intended to support local communities in BiH...

Economic developmentEntrepeneurship

Young Architect from Jajce Wins Prestigious Award for Innovation and Design

Amela Iskrić-Hadžić, a young architect from Jajce won the second prize for innovation and design in BH Telecom’s Start It Up contest. The...

Economic developmentEntrepeneurship

Supporting BiH Businesses During Coronavirus Pandemic by Extending VAT Payment Deadline

The Institute for Youth Development KULT supports and applauds the Proposal law on amending the Law on Value Added Tax which was submitted...