Understanding the EU's Artificial Intelligence Act: Key Insights
August 2024
Anisa Tomic, Partner, and Zerina Karahmet, Associate
Maric & Co Law Firm
On August 1, 2024, the European Union's Artificial Intelligence Act (AI Act) came into force, marking a significant milestone in the regulation of AI technologies. This pioneering regulatory framework is designed to ensure the safe and ethical deployment of AI across the EU, balancing innovation with fundamental rights and safety. At Marić & Co. d.o.o., we recognize the importance of understanding and complying with these regulations as AI continues to revolutionize the way we live and work, from personalized…
Wind Farm Vlasic
June 2023
Vlasic is a mountain in central Bosnia and Herzegovina and a popular skiing resort. The mountain is windy and has excellent energy potential. Therefore, in 2015, Elektroprivreda BiH invested in a large construction project worth EUR 64.6 million. When completed, it will have installed net electric power of 48 MW and will generate 98 GWH of annual power. The construction should begin in 2024.
Thermal PP Projects, Bugojno and Kakanj
March 2023
In the Thermal PP projects in B&H sector, extremely potent investments in the existing infrastructure stand out in the cities of Bugojno and Kakanj, in the region of central Bosnia. The investment project in Bugojno includes the construction of Bugojno thermal power plant and restructuring of Gracanica coal mine. It is a project that includes TPP - Restructuring of Gracanica coal mine, with a note that it is a cogeneration unit with coal burning. Currently, Gracanica Coal Mine has a license to explore, while Feasibility study for TPP and coal mine are completed. Estimated project…
Reversible Hydro Power Plants Vrletna Kosa and Usce
January 2023
This is a multi-entity project located at the territory of the Republika Srpska and the Federation of Bosnia and Herzegovina. The pre-feasibility study has been completed and the project is declared as one of great strategic interest by the Knezevo municipal assembly. This is also one of the most expensive construction project in Bosnia and Herzegovina with a projected cost of EUR 880 million and an annual electricity output of 1,023 GWh. 10% of the entire cost will be covered by local partners and 90% is supposed to be covered by foreign investors. The project is now in search…
Janjici Hydro Power Plant
January 2023
Bosnia and Herzegovina has a great hydro potential. One of the rivers capable of supporting a large-scale power plant project is the Bosna River. The Janjici hydro power plant was supposed to utilize its potential to a greater degree and it was originally meant to be financed by the German investment bank KfW. However, the bank recently withdrew from negotiations leaving this project in its earliest development phase and the state in search for new potential investors. The cost of this project is estimated at around EUR 56 million.
Balkan Distribution Centre, Sarajevo
January 2023
The centre will be located in the business zone of Vogosca next to the capital city of Sarajevo. The position of the land area is highly favourable in terms of traffic connections. It is located 1 km away from the main highway, 300 m from the main road, and 30 km from the Sarajevo City Airport. There is a local road passing through the middle of the land area, which connects it to the main road. The project is in its conceptual stage. The cost of the project is set at EUR 25 million.
Ustikolina Hydro Power Plant, Gorazde
January 2023
The Drina River has the greatest hydro power plant potential of all the rivers flowing through Bosnia and Herzegovina. It is already dotted with power plants in its middle and lower streams. This project is currently in its preliminary design phase (phase 1). The environmental permit is obtained and the exploratory works are pending approval for some time now. The realization of the project is prolonged due to shortages in financing and backlash from the NGO sector due to potential environmental harm. The estimated cost is EUR 123 million.
Panorama Hills Resort Hadzici
January 2023
The Panorama Hills resort is situated in the vicinity of the capital city of Sarajevo, just 28 km away from the airport and is, therefore, very accessible. It is set to cover the area of 246,000 m2. The complex consists of 215 parcels for different purposes, of which 190 parcels are planned for individual objects. There are four parcels predetermined for a health care centre, one parcel for a restaurant and one parcel is reserved for a market. The rest of the parcels are intended to be public green areas, such as parks and playgrounds. Within these public areas, there is a lake and…
Pumped Storage Power Plant Kablic, Livno
January 2023
A pumped storage power plant uses the potential of water passing from one large water storage to another. This plant will utilize the passage of water from the Livno to the Glamoc field. It presents one of the most significant energy projects in Herzegovina. The projected energy generation is 73.44 GWh annually with the total investment cost of EUR 58.42 million. The project was was meant to be completed in 2017 but, due to many delays and environmental concerns, it is still in progress and not yet completed.
Reconstruction of the Kastel Fortress, Banja Luka
December 2022
The Kastel fortress is a medieval fortification situated in Banja Luka. The entire complex stretches across 48,000 m2. At present, the fortress is used by residents and visitors of Banja Luka in an inefficient fashion. A project conceptual design proposed solutions in the reconstruction and revitalization of the Kаstеl in accordance with the cultural and historical values of the fortress and the city. Technical documentation for the reconstruction and revitalisation is being currently prepared, along with the documentation defined by Law of Spatial Planning and Building. Currently,…
Hydro Power Plant Nevesinje, Zalomka River
December 2022
This power plant is still in the preliminary design and study of justification. It is projected to produce 100 GWh annually and its estimated construction cost will be EUR 100 million.
Jablanicko Lake Residence, Konjic
December 2022
The lake residence will be situated in the town Celebici on the coast of the Jablanica lake. The project sponsor is a full-service real estate company. The company has a highly diverse team, which provides highly specialized services and consultancy in the real estate sector. The urban permit has been already obtained and the building permit is in the process of being acquired. The project will include four residential buildings and hotels. The project cost is set around EUR 30 million.