FIPA Activities

Meeting of the Network of cooperation for post-investment support to foreign companies in BIH

12/9/2014

A meeting of the Network of cooperation for post-investment support to foreign companies in BiH was held on 9 December 2014 in Sarajevo.

The results of the work of the Network of cooperation for 2014 were analysed at the meeting and activities for the Program of Post-Investment Support to Foreign Investors in 2015 were proposed. Also, it was discussed strengthening the capacity of existing partners in the Network for work with existing investors with a focus on solving administrative obstacles that investors face in their business, as well as the definition of the reforms proposals of the business environment based on the investors open issues.

Building sustainability of the Programme of Post-Investment Support to Foreign Investors and the Network of cooperation in the future was one of the central topics of the meeting.

In 2014, the FIPA Agency together with the partner institutions visited 63 companies that have foreign capital in BiH and have invested so far 816 million euros. 79% or 50 visited companies are from production sector. Companies belong to the metal sector, automotive, agriculture and textile industry, mining and wood processing sectors and have 8311 employees. Most of the visited companies plan new investments and new employment in the following three years.

The Network of cooperation consists of representatives of twelve municipalities (Tešanj, Srebrenik, Bosanska Krupa, Živinice, Vitez, Posušje, Visoko, Travnik, Žepče, Ilidža, Goražde and Kiseljak), five cantons (Una Sana, Tuzla, Zenica-Doboj, Hercegovina-Neretva and Livno Canton), two cities (Mostar and Tuzla), Brčko District, Office of the Prime Minister of FBIH, eight competent ministries and agencies, the Foreign Investment Promotion Agency of BiH (FIPA) and the Ministry of Foreign Trade and Economic Relations of BiH.

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Claudio Cassuto, Director, London, European Finance Convention Foundation

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