The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić received the newly-appointed Ambassador of BiH to Serbia Aida Smajić in order to inform the Ambassador about the current economic situation between the two countries with a focus on Serbia's investments in BiH.

Talking about the work of FIPA on animation of the BH economic diplomacy in the last three years, he confirmed that this activity led to the organization of a number of economic events attended by numerous foreign investors, which resulted in the opening of companies in BiH and the employment of the local population.

By the end of December 2017, the Republic of Serbia, according to the Central Bank of BiH, invested 2.024.9 million BAM in Bosnia and Herzegovina and is the third largest investor in BiH with a share of 15.1% in total investments.

Telekom Srbija bought Telekom RS in 2007 for 646 million EUR. Banja Luka, and it is also the largest investment from Serbia, and individual foreign investments in BiH.

In the total amount of investments from Serbia, investments in the field of information and communication dominate with a share of 70%, followed by investments in trade with 11.3% and the manufacturing industry with 7.4%.

Among the most important investors from the Republic of Serbia in BiH are: Telekom Srbija, Komercijalna banka a.d. Belgrade, NIS - Petroleum Industry of Serbia, Hemofarm AD, Swisslion-Takovo, Imlek a.d., and Galames Belgrade.

In addition, the importance of organizing business meetings between BiH and foreign businessmen has been highlighted in order to strengthen economic ties, increase investments, and monitor economic developments in order to involve BiH business and businessmen in new business flows.

The Ambassador is expected to establish a closer cooperation with the Serbian Chamber of Commerce and other economic associations in order to strengthen economic ties, investments and exports from BiH.