FIPA Activities

BIH WON THE THIRD PLACE AS REGION OF THE FUTURE FOR THE FOREIGN INVESTMENTS

3/13/2018

Foreign Direct Investment (FDI) Magazine ranked Bosnia and Herzegovina at the 3rd place as the region of the future for attracting foreign investments by operating expenses for 2018, based on the cooperation and information provided by Foreign Investment Promotion Agency of BiH (FIPA) about economic and investment potentials of our country.

As the representative of Bosnia and Herzegovina, the FIPA Director Gordan Milinić received today in Cannes the prize of the mentioned Magazine that ranked Bosnia and Herzegovina at the 3rd position in the category of medium-sized European regions for foreign investments. Also, as a representative of BiH, he was granted the recognition for the West Herzegovina Canton and Bijeljina and Zvornik.

This significant acknowledgment is another proof that Bosnia and Herzegovina is a profitable location for foreign investments, and with solving the major shortcomings, which cannot be compensated by promotional activities, it could realize a larger inflow of foreign direct investments.

In competition with 481 locations, among the top 10 investment destinations in a 7 different categories in terms of price competitiveness, FDI strategy and economic potential, were Bosnia and Herzegovina, as well as Republika Srpska as one of BiH's entities, the West Herzegovina Canton, and Bijeljina, Prijedor and Zvornik.

For making decision on the designation of the best European cities and regions, the expert evaluation team has taken into account criteria such as economic potentials, investment profitability, human resources, quality of life, business environment, and the existence of a strategy for attracting investments. Positioning on the prestigious top list of European cities and regions of the future is a direct recommendation to potential investors about the regions to invest in.

Official list of prizes:

 

Bijeljina

Bosnia and Herzegovina

fDi's Small European Cities of the Future 2018/19 - Cost Effectiveness

2

Bosnia

Bosnia and Herzegovina

fDi's Mid-Sized European Regions of the Future 2018/19 - Cost Effectiveness

3

Prijedor

Bosnia and Herzegovina

fDi's Micro European Cities of the Future 2018/19 - Cost Effectiveness

3

Prijedor

Bosnia and Herzegovina

fDi's Micro European Cities of the Future 2018/19 - FDI Strategy

9

Republic of Srpska

Bosnia and Herzegovina

fDi's Small European Regions of the Future 2018/19 - FDI Strategy

9

West Herzegovina Canton

Bosnia and Herzegovina

fDi's Small European Regions of the Future 2018/19 - FDI Strategy

10

Zvornik

Bosnia and Herzegovina

fDi's Micro European Cities of the Future 2018/19 - Cost Effectiveness

4

 

 

 

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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