Representatives of the Foreign Investment Promotion Agency of BiH (FIPA), the Municipality of Travnik and the Ministry of Economy of Srednja Bosna Canton visited on 14 October 2016 the company Pring-GS doo Travnik within the Aftercare Program.
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The
company Global Sourcing from Germany, which has successfully privatized ten
years ago Tvornica mašina (Machines Factory) in Travnik, established a new
company named Print-GS. The pressroom of Print-GS employs 38 workers and
produces various types of printed materials such as catalogues, cardboard
packaging, posters, binders, books, etc.
The
Print-GS company is majority owned by the German company "Global sourcing
- Agentur fur Technische Erzeugnisse" GmbH from Regensburg. They invested
so far 10 million BAM in repairs and construction of new production facilities
and the purchase of equipment. The whole factory employ 250 workers and the
majority of production is exported to Germany.
The
Director of the company Print-GS Mr Zoran Gazibarić, production manager Mr Željko
Milovanović and Mr Asim Hidić from the commercial sector informed representatives
of the Network for Cooperation for post-investment support to investors in BiH
about their plans for the production expansion as well as difficulties they
face.
The
company needs land to build a new factory of 3 000m² and at the meeting it was agreed
a coordination of activities of the Municipality of Travnik, Srednja Bosna
Canton and FIPA in order to reach the most appropriate solution that would
enable the company to realize new investments and production.
They
expressed dissatisfaction with the new Book of Rules amending the Law on Income
Tax which has reduced the non-taxable percentage for meal at 1% of the average
wage in FBiH, as well as with the new Law on Corporate Income Tax, which will
have major repercussions on both the standard of employees and the future
development plans of the company.
Printing
industries in BiH have been achieving every year better results, but due to the
products with higher added value, representatives of the company Print GS estimate that this industry needs more important support from all levels of
government and of the harmonisation of education system in order that young
educated people can follow technological and design trends.