FIPA Activities

TO ACTIVATE POLISH INVESTORS

4/25/2018

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In preparation for the diplomatic mission, the newly appointed Ambassador of BiH to Poland Ivan Dunđer visited the Foreign Investment Promotion Agency of BiH (FIPA) in order to have information about current economic and investment cooperation between the two countries.

The FIPA Director Gordan Milinić informed the Ambassador Dunđer about the Agency's work on attracting foreign investments, opportunities for investing in BiH and attractive sectors for foreign investors.

He also highlighted the importance of economic diplomacy in promoting country and attracting investments, stressing that FIPA managed to animate during the two previous years the BiH economic diplomacy in the way that they started organizing investment conferences where are presented opportunities for investing in BiH.

It was pointed out that the current level of investments from Poland, according to the data of the Central Bank of BH, amounts to 29.3 million BAM. In 2017, one million BAM investments were registered from this country.

Some of the most important field investments are: Organika BH d.o.o. Sarajevo, Aliplast Aluminum Systems d.o.o. Konjic, Lublin and Inter Cars d.o.o. Sarajevo.

The Ambassador is expected to establish cooperation with Poland's chamber system and other associations in charge of economy, as well as regional chambers of commerce in order to try to improve the inflow of Polish investments in BiH and exports.

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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