FIPA Activities

SLOVENIA IS RANKED AT THE 4. POSITION BY INVESTMENTS IN BIH

12/21/2017

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The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić informed the newly appointed Ambassador of Slovenia to Bosnia and Herzegovina HE Zorica Bukinac with the Agency's competence and activities in the field of foreign investments, promotion of the country and support to foreign investors.

Slovenia is ranked at the 4th position among foreign investors in BiH with 486 million EUR invested, or 7.3% of the total amount of foreign investments in BiH. The most important Slovenian investments are Petrol, Droga Kolinska, Perutnina Ptuj, NLB, Telecom Slovenia.

It is encouraging the fact that investments from Slovenia continue to raise compared to previous years when they were largely slowed down. During 2016 Slovenia invested 42.1 million BAM and 15.5 million BAM in 2017.

The Ambassador Bukinac pointed out that out of the total amount of Slovenian investments in the world, 10% was invested in BiH. She also emphasized that in the next year Slovenia will work on strengthening tourist and cultural links with BiH.

It was also discussed about the economic conference that the Embassy of BiH in Ljubljana plans to organize in the first quarter of 2018 with the aim to present BiH and its opportunities for investing to Slovenian businesspeople.

A joint cooperation was agreed on providing support to existing Slovenian investors in BiH, as well as to new ones interested in investing in BiH.

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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