The Ambassador of the Islamic Republic of Iran HE Reza Ghelichkhan visited the Foreign Investment Promotion Agency (FIPA) of BiH and met with the Director Milica Marković.

The Ambassador Ghelichkhan stated that Iranian companies are especially interested in investments in the energy, agriculture, metal processing and automobile industries.

Director Marković informed the Ambassador and his associates with the work of the Agency, investment opportunities in BiH, FIPA cooperation with relevant institutions, and coordination of the work of the BiH institutions in the field of attracting foreign investments.

She pointed out that Bosnia and Herzegovina is the largest exporter of electricity in the region, that it has one of the lowest electricity prices in Europe, that the corporate income tax rate is only 10%, and that we have numerous free trade agreements that allow exports to many markets duty-free, while the prices of renting and buying investment sites, including free and industrial zones, are very competitive.

It was agreed to cooperate in presenting and connecting Iranian companies and project owners from Bosnia and Herzegovina when epidemiological conditions are met, and to organize a business forum.

The Director Marković stated that FIPA provides support to investors during all phases of the investment cycle, starting with obtaining initial information, through the project implementation process, and then through the aftercare program investors are supported in resolving the difficulties they face.

FIPA will be available and will provide its services to all potential investors.