A Privatized Entity:
The economic privatization of the entity of Republika Srpska is evident. Of the eight largest companies within Republika Srpska, which represent the backbone of its economy, only one remains owned by the entity: Elektroprivreda Republike Srpske. Every other major company is owned by foreign or local private interests.

Elektroprivreda Republike Srpske (ERS):
90% owned by the entity of Republika Srpska.

Telekom Srpske:
Despite its name, the entity of Republika Srpska holds only 35% of the stake. The remaining 65% is owned by Telekom Serbia. However, Serbia itself owns 58% of Telekom Serbia, with the other half held by domestic institutional investors, retail investors, and international institutional investors, including BlackRock, Vanguard, and Fidelity.

Nestro Petrol:
Owned by Mitrens Group, a private business entity controlled by local businessmen whose identities are undisclosed.

Lactalis BH:
Owned by the Lactalis Group, one of the largest dairy companies in the world, based in France. It is controlled by the wealthy and secretive Besnier family.

Šipad Komerc:
Privately owned by local businessmen whose identities remain undisclosed.

Banjalučka pivara:
Owned by the Danish Carlsberg Foundation, which is only Danish in name since 70% is owned by public shareholders and institutional investors, notably BlackRock and Vanguard.

UNIS:
Privatized with some stakes held by the government of Bosnia and Herzegovina. The exact ownership structure is not disclosed.

Fabrika duhana Banjaluka (FDB):
The majority stakeholder is Japan Tobacco International, which is 33% owned by Japanese interests. The remaining shares are held by public shareholders and institutional investors such as Vanguard and BlackRock.

This is the dark future that awaits the Federation of Bosnia and Herzegovina and the country itself if the treacherous government working for foreign interests has its way. A country which will be owned by wealthy and influential groups who's identity is kept secret and who hold no accountability for their actions.

The occupied and treasonous Government of the Federation of Bosnia and Herzegovina made a decision during our statehood day: the Federation borrows another 250 million marks.