The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić talked with the newly-appointed Trade Advisor of the Turkish Embassy ​​Sevgin Gungor about the current Turkish investments in BiH, as well as the possibilities for cooperation with the aim to attract new investors from Turkey.

Mr Milinić presented the work of the FIPA, the cooperation with relevant institutions in the field of promotion of BiH and its potentials abroad, and current activities in BiH related to providing support to existing investors in order to further expand and to employ local workforce.

By the end of December 2017, investments from the Republic of Turkey in BiH amounted to 420 million BAM. Turkey is ranked at the 11^th place on the list of countries of the most important foreign investors in BiH, with a share of 3% in total investments in BiH. The most important Turkish investments in Bosnia and Herzegovina are: Natron - Hayat Ltd Maglaj, Sisecam Soda Lukavac Ltd Lukavac and Turkish Ziraat Bank Bosnia d.d. Sarajevo.

It was pointed out that the inflow of foreign investments in 2017 amounted to 777 million BAM, which represents an increase of 37.9% compared to the  investments in 2016, and that in the first six months of 2018, the inflow of foreign investments amounted to 452 million BAM.

It was agreed that the Trade Advisor informs the economic and industrial regional chambers in Turkey, as well as the competent institutions on the BiH's potentials in order to establish closer cooperation, and to provide support in the implementation of the media campaign "Invest in BiH".

It will also inform FIPA about organisation of significant investment conferences and economic events at which BiH could be presented, including its investment projects.

It was also emphasized the importance of the work of Honorary Consuls of BiH in Turkey, Kemal Bajsak and Muzafer Čilek on the promotion of BiH and its potentials, as well as cooperation with Turkish businessmen in order to bring them to BiH for investing.