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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Current price of oil as of June 12, 2026
LeadershipEuropean Union

This Country Just Applied to Join the European Union

Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
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Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
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February 16, 2016, 7:25 AM ET
FBL-WC-2014-BOS-NIG-FANS
Photograph by Elvis Barukcic—AFP/Getty Images

At long last, Bosnia-Herzegovina on Monday filed an official application to join the European Union.

The submission acknowledged the improved relations between the once war-torn Balkan nation and the EU, but it also marks just the start of an arduous, years-long negotiation process that will determine if Bosnia gains full membership in the bloc.

In recent years, the EU has tried to engage Bosnia in talks about joining its ranks in hopes that it would prompt political stability in the former Yugoslav republic and greater cooperation in the region. Last year, EU foreign ministers cleared a path for Bosnia’s eventual membership in the EU by agreeing to an economic and trade pact in exchange for a pledge by Bosnian leaders to enforce political reforms.

But the nation is still plagued by deep ethnic and political divides that sparked a three-year conflict in the early 1990s that killed 100,000. Plus, its admission to the EU could be derailed if Milorad Dodik, the leader of the autonomous Bosnian-Serb region of Republika Srpska who’s wary of EU membership, makes good on a threat to hold an independence referendum.

Despite Bosnia’s impending uphill battle, EU foreign policy chief Federica Mogherini said Monday that she saw promise in the nation’s application. “At a time when the union is questioned from within, seeing that with our immediate neighbors there is such an energy and willingness to join and work hard to adapt their countries, society, economy, institutions, systems to the European standards, gives us the sense of responsibility we have also towards our European Union citizenship.”

The most recent country to join the EU was Croatia, which became the 28th member in 2013.

About the Author
Claire Zillman
By Claire ZillmanEditor, Leadership
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Claire Zillman is a senior editor at Fortune, overseeing leadership stories. 

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