FIPA Activities

FIPA at the Sarajevo Business Forum

5/23/2024

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- FIPA moderated the panel entitled "Investment and business success"

The Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA), led by Acting Director Marko Kubatlija, is attending the International Investment Conference "Sarajevo Business Forum 2024", which is being held from May 21 to 23 in Sarajevo.

On the first day of the Sarajevo Business Forum 2024, the head of FIPA's investment promotion department Nina Pobrić moderated a panel entitled "Investment and business success" attended by Zlatko Mijatović, Minister of Economy of Sarajevo Canton, Tamir Mostarac, representative of the European Bank for Reconstruction and Development, Zoran Puljić, Director of the Tech 4 Impact Fund, Yousef Hassan Khalawi, Secretary General of the Islamic Economic Development Chamber (ICCD) and Rijad Kovač, Deputy Director of the Federal Institute for Development Programming.

During the panel, they discussed the benefits offered by the Canton of Sarajevo and the Federation of Bosnia and Herzegovina to investors, the challenges that investors face, as well as plans and strategies to strengthen competitiveness and encourage investments.

They discussed the experiences of businesspeople and socially responsible businesses, EBRD services, proposals for new services and support for businesspeople, attractive sectors for investing, and the image the region has when it comes to investments.

Sarajevo Business Forum gathers the most influential business and political representatives from the region and the world in order to present their business projects and investment opportunities in Bosnia and Herzegovina, as well as in the countries of the region.

Testimonials & Success Stories
 

Global Investment Promotion Best Practices 2012 of the World Bank has cited one example of support that FIPA provides to foreign investors who are running business in Bosnia and Herzegovina in order to contribute to increase the flow of foreign capital in the country.

The article said:  

„The Foreign Investment Promotion Agency (FIPA) of Bosnia and Herzegovina was an early convert to the idea of providing facilitation services to agribusiness investors as a way to maximize the positive impact of agriculture on the economy.

In 2007, for example, FIPA assisted a Dutch food processing company establish a US$1.6 million production facility to process unused milk ingredients into value-added products in Sarajevo to sell to markets in Eastern Europe and the Middle East.

As part of its aftercare program, FIPA assisted the company with its expansion plans. Among other things, the agency helped facilitate veterinary permissions, navigate various bureaucratic hurdles and played an important role in securing funding for the company’s expansion. It also helped develop a network of local suppliers and customers. As a result of these efforts, the Dutch investor developed stronger links with the Bosnian economy, thus increasing the positive spillover effects on the local economy.

Currently a new investment to establish a drying facility for milk powder is under way. This will further expand the processing facilities of unused milk ingredients. This additional planned investment is worth approximately US$2.8 million, thus nearly trebling the company’s original investment in the country“.

 

FIPA Activities

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