FIPA Activities

Acting Director of FIPA at a meeting with the Ambassador of Italy in Bosnia and Herzegovina

2/9/2024

On February 8, 2024, the Acting Director of the Foreign Investment Agency Promotion of Bosnia and Herzegovina (FIPA) Marko Kubatlija received the Ambassador of Italy to Bosnia and Herzegovina, H.E. Marco Di Ruzza, and representatives of the SIMEST company, Carlo De Simone and Jelena Čukanović.

The main purpose of the visit was to present the activities of SIMEST, a company of the Cassa Depositi e Prestiti group which, since 1991, supports the growth of Italian companies abroad and the strategy of internationalization of the Italian system. The SIMEST delegation is currently visiting Bosnia and Herzegovina for meetings with state authorities and institutions in the economic, financial and commercial sectors.

Mr Kubatlija introduced the guests with the services that the Agency offers to foreign investors from the beginning to the end of the investment, including the relevant legislation and system of taxes, highlighting the fact that FIPA has 500 investment projects in its database that can be offered to investors in every field.

The meeting discussed, among other things, the upcoming event Business Forum BiH-Italy, which is scheduled for April 2024, and which will bring together B&H’s and Italian companies that are already present in our country, as well as companies from Italy eager information about investment opportunities and commercial partnerships in Bosnia and Herzegovina. During this event, FIPA intends to use the opportunity to offer a presentation of its activities in the sectors in which the work will be concentrated.

The Ambassador Di Ruzza emphasized that economic cooperation between BiH and Italy is growing year by year and that statistical data increasingly confirm the intensity and dynamics of economic and trade relations between the two countries. Italy has actually become the first exporter in BiH and the second commercial partner of our country. He also stated that the B&H’s market has a large network of Italian companies, especially in the following sectors: financial, metallurgical, chemical, energy, textile and footwear, wood processing, etc. through direct investments or establishment of joint ventures with local partners. All this is stated in order to understand the competitive advantages offered by the various mix of factors that make BiH an attractive destination for Italian companies.

It was pointed out that FIPA is interested in participating in major economic events in Italy in 2024, where potential investors can meet and offer to invest in Bosnia and Herzegovina.

SIMEST will evaluate possible projects with FIPA and other competent institutions of BiH with the aim to further increase the economic partnership between the two countries.

Testimonials & Success Stories

„The Heidelberg Cement Group has invested more than € 60 million in modern technology in BiH and an additional € 50 million are earmarked for further ventures, which shows our immense confidence in the BiH economy and its potential for sustainable growth. Our goal is to continue to grow and to expand our market.”
Branimir Muidza, Heidelberg Cement Country Manager for BiH

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