FIPA Activities

FIPA-BiH Embassy in Spain: to present wind and solar power plants projects to potential Spanish investors

12/30/2016

The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić and associates had a meeting on 21 December 2016 with the Ambassador of Bosnia and Herzegovina in Spain HE Darko Zelenika in order to discuss the possibilities for improving the economic and investment cooperation with Spanish companies.

The Director Milinić informed the Ambassador Zelenika about services that FIPA offers potential and existing foreign investors in BiH and stressed that FIPA at accessible to foreign investors in all phases of their investment. He proposed to the Ambassador Zelenika establishing a cooperation with Spanish companies active in the renewable energy sector, in particular with the company Fersa Energias Renovables, which is in partnership with the Podgorica-based company Čelebić which is working on building 23 wind power plants up to 46 MW on the hill Možura between Bar and Ulcinj, and that has a branch in Split, Croatia.

Bosnia and Herzegovina has projects, especially for the construction of solar and wind parks, which are attractive to Spanish investors. There are also many opportunities for investing in the sector of food production, wood-processing and spa sector. By agriculture production, Spain is one of the leading countries in the world and the interest in investing in this sector in BiH could be shown due to the CEFTA Free Trade Agreement, Free Trade Agreement with Turkey and other preferential export regimes which BiH has concluded with a number of countries.

At the initiative of the Honorary Consul Ramon Jufres, the Chamber of Commerce of Bosnia and Herzegovina was established in Barcelon a few years ago. Due to this fact, at the meeting at FIPA, it was agreed to intensify cooperation on attracting investments from Spain in BiH.

FIPA expects from all BiH Ambassadors that the economic diplomacy is a priority in their work, that they work on bringing investors to the country, and on increasing exports from BiH.

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