FIPA Activities

THE NEWLY APPOINTED AMBASSADOR OF BIH TO FRANCE VISITED FIPA

3/29/2018

-Low inflow of investments from Canada

In preparation for the diplomatic mission, the newly appointed Ambassador of BiH to France Kemal Muftić visited the Foreign Investment Promotion Agency of BiH (FIPA) in order to have information about current economic and investment cooperation between the two countries.

The FIPA Director Gordan Milinić informed the Ambassador Muftić about the Agency's work on attracting foreign investments and opportunities for investing in BiH.

It was pointed out that the current level of investments from France is not at a satisfactory level, including trade exchange, and that economic diplomacy should give its contribution in order to improve the situation in these areas.

According to the Central Bank of BiH, foreign investments from France, as of December 2016, amounted to 21.4 million BAM or 11 million EUR, representing a share of 0.2% in the overall state of DFI. During 2017, there were no registered investments from this country.

The Ambassador is expected to establish cooperation with the Chamber of Commerce of France, business professional associations and other relevant institutions in order to try to animate the French business community to invest in BiH.

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”The representatives of IMF on this occasion expressed pleasure in regard to stability of BiH financial sector and this year's growth of macro-economic indicators and curbing of inflation.”
IMF Delegation
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