Organized by the of Foreign Investment Promotion Agency og BiH (FIPA), a meeting of representatives of the Cooperation Network for Support to Foreign Investors in BiH was held on February 26, 2022 in Sarajevo with the aim to develop a more comprehensive plan for visiting foreign investors in BiH.
Representatives of the Network are working
together to identify barriers to doing business and to eliminate them as soon
as possible in order to contribute to increasing the competitiveness of the
business environment and increasing foreign capital in the country.
Given the importance of foreign investments for
economic development, introduction of new technological solutions and new
managerial skills, and increasing the number of employees as a key element in
attracting foreign capital, it is necessary to ensure joint action of all
relevant institutions in BiH to remove all identified barriers.
The Cooperation Network includes 41
institutions and since 2013, with the technical support of IFC, has been
implementing a joint program of post-investment support to investors.
In her address, Milica Marković, Director of
FIPA, emphasized the importance of existing foreign investors and supported the
work of the Cooperation Network and resolving open issues. She emphasized that
the main function of FIPA is to promote investment potentials and build the
country's image, but also to support the work of existing investments. She paid
special attention to investments in 2021, in which, according to preliminary
data for the period January-September, 1,049 million KM (or one billion and 49
million) were invested.
During the meeting, other participants also
took part in the discussion, emphasizing the importance of visiting foreign
investors, resolving open issues and achieving closer cooperation between
institutions and businesspeople.
Proposals for further promotion of investment
opportunities of local communities (projects, business zones, locations, etc.) through
FIPA's promotional channels were presented.
Other results of the Cooperation Network were
presented, further work on resolving open issues of investors which were discussed
at the meeting, was agreed, the importance of work on improving the business
environment was agreed, and plans for further work of the Cooperation Network
partners on visiting investors and other related activities were agreed.