630 MILLION BAM INVESTED IN BIH IN THE FIRST 9 MONTHS
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According to the preliminary data published by
the Central Bank of Bosnia and Herzegovina on foreign investments in the first
nine months of 2017, the inflow of investments reached the amount of 630.8
million BAM, which represents an increase of 60.6% compared to the same period
last year.
This is a record amount in the last few years,
when there was decline in foreign investment. A growth is expected for the fourth quarter of
2017, given the positive trends and growth of investments in the first three
quarters of the year.
With a wide range of promotional activities
that the Foreign Investment Promotion Agency of BiH is implementing on
attracting foreign investments in BiH, it is particularly important that FIPA
owns over 7,000 contacts of foreign investors with whom it is in constant
communication and invites them to invest in Bosnia and Herzegovina. The entry
of FIPA into the Steering Board of WAIPA represents a great importance for the
promotion of the country, which also means better access to foreign investors
and significant promotion of the country in all investment conferences.
The increase in investments is the result of
the joint work of the competent institutions in BiH to attract foreign
investments and to improve the country's business opportunities, to promote
investment opportunities, and to provide support to foreign investors in BiH.
In 2017, FIPA started very decisively and
pragmatically in order to achieve as much contact with potential foreign
investors, companies and associations of employers abroad, either through individual
work, either through cooperation with competent institutions, foreign Embassies
and Economic Representations in BiH in order to try to motivate foreign
investors to invest money in our country.
It is important to continue working to improve
the political and economic conditions in the country, to improve the economic
environment, ie to implement the necessary reforms, which will remove obstacles
to both domestic and foreign investors for their expansion and business on a
larger scale, which automatically contributes to improving the image and the
competitiveness of the country, brings new investments and new jobs.
A high percentage of unemployed people and the
low standard of living of citizens create an imperative for the implementation
of the necessary reforms that will enable the arrival of foreign investors that
BiH needs due to the lack of domestic funds to launch a significant investment
cycle.
FIPA emphasizes that foreign investors insist
on a stable political situation and security for the invested capital, so it is
very important to show, in the following period, political unity in the efforts
for economic progress of the country, because without such commitment, FIPA or
any other institution will not be able to bring investors in a greater number.