- Russia is among the leading investor countries in Bosnia and Herzegovina, but there is additional space for the improvement of investment and trade relations
![](/images/KUB i RAMB.jpg?px=518)
Acting Director
of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA)
Marko Kubatlija met with the Ambassador of the Russian Federation H.E. Igor
Kalabuhov in order to discuss the current economic cooperation and improvement
of investment relations with the Republic of Srpska and the Federation of
Bosnia and Herzegovina.
Mr Kubatlija
informed the Ambassador about the Russian investments so far, which were mainly
realized in the Republic of Srpska, and his plans related to the more proactive
work of FIPA in the coming period.
He proposed
cooperation related to the organization of business events and forums in
Moscow, and the signing of a Memorandum of Cooperation with the Agency for
Foreign Investments of the Russian Federation.
The
interlocutors expressed satisfaction with the friendly relations between Russia
and the Republic of Srpska and the Federation of Bosnia and Herzegovina, and
noted that there is additional space for new investments and trade cooperation.
The Ambassador
Kalabuhov also supported the proposal that statements and interviews of Mr Kubatlija
are presented in Russian media before the organization of business forums.
The largest
investor in Bosnia and Herzegovina in the first nine months of 2023 was the
Russian Federation, which invested there 312 million BAM.
It was concluded
that it is important to continue to maintain and strengthen friendly relations.
The Republic of
Srpska and the Federation of Bosnia and Herzegovina have great potential for
growth through mutual economic approaching with other countries in Europe and
Asia, and the geographical position and wide range of internal resources make
Bosnia and Herzegovina very attractive for foreign investors.