FIPA Activities

INVESTMENT CONFERENCE FOR BIH WILL BE ORGANIZED THE NEXT YEAR

11/22/2017

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-Organizing CMF in BiH would contribute to improving the image of the country and attracting foreign investors

The Crans Montana Forum President Pierre-Emmanuel Quirin visited the Foreign Investment Promotion Agency of BiH (FIPA) to discuss with the Director Gordan Milinić the possibility for organizing by CMF an international investment conference in BiH in 2018.

It was pointed out that the organization of international investment conferences contributes to improving the image of the country at the international level, closer presentation of the opportunities for investing of the host country, establishing contacts among businessmen, and attracting investments ultimately.

At the end of the meeting in FIPA, a meeting was also held with the BiH Presidency member Bakir Izetbegović, who was familiarized with the idea of ​​organizing the Crans Montana Forum in BiH during the next year.

CMF is one of the most prestigious economic and political forums in Europe and the world that brings together global businessmen from different sectors of the economy, key decision-makers on investments, lobbyists, and other important representatives of the business world.

Bosnia and Herzegovina needs to be promoted within wider business communities in order to inform international business community about its investment opportunities.

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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