FIPA Activities

FIPA-USAID-CRS FIPA will support the implementation of the RAST project

12/26/2017

The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić talked with the representatives of the organization CRS Vojislav Ivanović and Sretan Ćemalović about the way in which FIPA can be involved in the promotion of the BiH investment projects, whose elaboration is being assisted by this organization, in cooperation with USAID.

Speaking about the work of the FIPA on attracting foreign investments in the last two years, the Director Milinić recalled among other the obligation of all competent institutions to work on opening new jobs and increasing employment in the country, pointing out that in 2017, BiH has recorded an increase of the foreign investments inflow. In the first quarter of 2017, the growth was recorded in the amount of 28%, while in the second quarter, it reached 66.8%. The joint work of the competent institutions in improving the business environment, as well as the stabilization of political conditions in the country is a basic precondition for attracting significant foreign investments. All efforts in this direction are welcome, including the activities of CRS in the implementation of the Restoration Accountability and Supporting Transformation project in BiH with the financial support of USAID.

Namely, CRS currently implements projects in two components: support to a number of municipalities in BiH to improve the business environment in line with BFC (Business Friendly Certification) standard and support to municipalities in implementing infrastructure projects.

These projects are implemented in 20 municipalities having the BFC certificate and the seven municipalities that are on the path to obtaining this certificate. Otherwise, CRS has been present in BiH since 1993 and has implemented a large number of projects of social importance.

FIPA is expected to assist with the presentation of investment projects coming from 20 municipalities and finding investors for these projects, as well as organizing a conference in 2018 where these projects would be presented to foreign investors.

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