Acting Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) Marko Kubatlija met with the Ambassador of the Russian Federation H.E. Igor Kalabuhov in order to discuss the current economic cooperation and improvement of investment relations with the Republic of Srpska and the Federation of Bosnia and Herzegovina.

Mr Kubatlija informed the Ambassador about the Russian investments so far, which were mainly realized in the Republic of Srpska, and his plans related to the more proactive work of FIPA in the coming period.

He proposed cooperation related to the organization of business events and forums in Moscow, and the signing of a Memorandum of Cooperation with the Agency for Foreign Investments of the Russian Federation.

The interlocutors expressed satisfaction with the friendly relations between Russia and the Republic of Srpska and the Federation of Bosnia and Herzegovina, and noted that there is additional space for new investments and trade cooperation.

The Ambassador Kalabuhov also supported the proposal that statements and interviews of Mr Kubatlija are presented in Russian media before the organization of business forums.

The largest investor in Bosnia and Herzegovina in the first nine months of 2023 was the Russian Federation, which invested there 312 million BAM.

It was concluded that it is important to continue to maintain and strengthen friendly relations.

The Republic of Srpska and the Federation of Bosnia and Herzegovina have great potential for growth through mutual economic approaching with other countries in Europe and Asia, and the geographical position and wide range of internal resources make Bosnia and Herzegovina very attractive for foreign investors.