Gordan Milinić, Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA), informed the newly-appointed Ambassador of Bosnia and Herzegovina to Romania Aleksandar Dragičević about current Romanian investments in BiH and the trends of foreign trade between the two countries.

According to the data of the Central Bank of BH, Romanian investments in BiH currently amount to 3.4 million BAM. The most important Romanian companies are: Steel Mehanika d.o.o. Drvar, Astra Invest d.o.o. Lopare, Corrado Penna d.o.o. Laktasi, which operate in the field of machine industry, production and trade of leather.

The Ambassador was also familiarized with the FIPA investment project base, including investment locations, and FIPA's services provided to foreign investors.

In the coming period, the Ambassador will organize meetings with business chambers and business associations in Romania, as well as the Honorary Consul of BiH in Romania, with the aim to strengthen economic cooperation between the two countries with a focus on investments, and will intensify the engagement of BiH economic diplomacy in order to significantly increase the level of Romanian investments in the coming year.

In the last few years, the interest of foreign companies has increased to move its production from certain countries to BiH due to cheaper operating costs.

A large number of European companies which are operating in Romania, plan to relocate their production in some of the countries of the region, in which BiH sees a great chance, and for this reason, the BiH economic diplomacy will invest significant efforts in this field.