FIPA Activities

FIPA delegation in the Outreach mission in Germany

7/16/2024

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Meeting at the company Mubea – Germany

During the stay in Germany, as a continuation of the Outreach mission, another company, Mubea from Attendorn - Germany, which is engaged in the production of auto components, was visited.

Mubea is a company that has already started an investment in Derventa, BiH, where at the end of this year it will officially start production with 90 workers currently employed.

In accordance with the investment plans, around 1,000 workers will be employed by the end of 2030. A qualified and competitive workforce is one of the main reasons why they want to invest in our country and expand their business.

FIPA representatives informed them about the Aftercare project and the post-investment support that the Agency provides if they encounter obstacles during business in Bosnia and Herzegovina.

During the meeting, they emphasized that investing in Bosnia and Herzegovina is a priority for all levels of government and praised the activities and commitment of FIPA both during the mission in Germany and the specific activities of the Agency in the process of attracting direct foreign investments.

Testimonials & Success Stories
 

Global Investment Promotion Best Practices 2012 of the World Bank has cited one example of support that FIPA provides to foreign investors who are running business in Bosnia and Herzegovina in order to contribute to increase the flow of foreign capital in the country.

The article said:  

„The Foreign Investment Promotion Agency (FIPA) of Bosnia and Herzegovina was an early convert to the idea of providing facilitation services to agribusiness investors as a way to maximize the positive impact of agriculture on the economy.

In 2007, for example, FIPA assisted a Dutch food processing company establish a US$1.6 million production facility to process unused milk ingredients into value-added products in Sarajevo to sell to markets in Eastern Europe and the Middle East.

As part of its aftercare program, FIPA assisted the company with its expansion plans. Among other things, the agency helped facilitate veterinary permissions, navigate various bureaucratic hurdles and played an important role in securing funding for the company’s expansion. It also helped develop a network of local suppliers and customers. As a result of these efforts, the Dutch investor developed stronger links with the Bosnian economy, thus increasing the positive spillover effects on the local economy.

Currently a new investment to establish a drying facility for milk powder is under way. This will further expand the processing facilities of unused milk ingredients. This additional planned investment is worth approximately US$2.8 million, thus nearly trebling the company’s original investment in the country“.

 

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