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Municipality Vareš Zvijezda 34, 71330 Vareš Bosnia and Herzegovina vares

Utilization of timber resources (production of pellets, other biomass, final product from semi-product- sawn timber). Municipality Vareš Zvijezda 34, 71330 Vareš Bosnia and Herzegovina www.vares.info. Key characteristics and project advantages (I).

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Municipality Vareš Zvijezda 34, 71330 Vareš Bosnia and Herzegovina vares

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  1. Utilizationoftimber resources (production of pellets, other biomass, final product from semi-product- sawn timber) Municipality Vareš Zvijezda 34, 71330 Vareš BosniaandHerzegovina www.vares.info

  2. Key characteristics and project advantages (I) • The forest area in the municipality of Varesamounts to 28,750 hectares of a total of 39,000 hectares, which makes 74% of total municipal land, forest land.The municipality borders with 4 other municipalities ( Olovo, Kakanj and Zavidovići) all with large surface areas of forest land that may be the subject of utilization of resourcesdepending on the size of the investment. • In addition, the location of the municipality of Vares is close to Sarajevo, and observation for capacity can be extended to the Sarajevo Canton upon request.

  3. Key characteristics and project advantages (I) • The yearly amount of felled timber mass in the region of the Municipality of Vareš is 120.000 m³, 20% of which is unused raw material • Approximately 80% of the total amount of processed timber is exported out of Vareš as a semi-product while only 20% as a final product- doors, windows, furniture.

  4. Estimation of investment • The value of investment approximately € 3.00.000 • The return on investment of 5-7 years • The municipality is offering the following business zones: 1. Business zone Šijakovo surface area of 10.940 m² 2. Business zone Kram surface area of 9.950 m²

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