FIPA Activities

FIPA Director Milica Markovic at a meeting with the Director of the Foreign Investment Company of the State of Libya (LAFICO)

12/18/2020

-Investments in Bosnia and Herzegovina are agreed

The FIPA Director Milica Marković had a meeting with LAFICO General Manager HNESH SALEM MO and his associates.

LAFICO is wholly owned by the Libyan State and it was established with the aim of investing worldwide. It has so far invested in a wide range of companies, including Europe’s largest industrial companies, banks, football clubs, aluminum giants, media, carmakers, telecommunications, hotels and real estate, mines, etc.

The Director Marković informed the representatives of the delegation from Libya with the opportunities offered by Bosnia and Herzegovina, attractive sectors and investment projects, the competencies of different levels of government and the services offered by FIPA.

During the meeting, the General Manager of LAFICO especially pointed out that Libya is committed to investing in Bosnia and Herzegovina and that he believes that in the next few years Libya will be among the countries-largest investors in BiH.

The Director Marković welcomed the readiness of the Libyan state company LAFICO to invest in Bosnia and Herzegovina. It was agreed to continue cooperation with FIPA, which will provide further support in the implementation of projects in which Libya shows interest.

 

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“Despite the global economic crisis, the BIH banking was remained stable.
The interest rates in our country are also more favourable than those ones in the region”.

Kemal Kozarić, Governor of the BiH Central Bank.
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