The Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina Marko Kubatlija met with the Ambassador of the Republic of Slovakia to BiH H.E. Roman Hlobeň.

They discussed the possibilities for intensifying investments from Slovakia in Bosnia and Herzegovina, and expanding the business of foreign companies operating in Slovakia to the territory of Bosnia and Herzegovina.

Director Kubatlija presented attractive sectors of Bosnia and Herzegovina and the most significant projects that could be of interest to potential investors.

FIPA and the Agency for the Development of Foreign Investment and Foreign Trade of Slovakia (SARIO) have signed a Memorandum of Cooperation, and in the coming period, they will work with the Embassy of Slovakia and partner institutions from Bosnia and Herzegovina to organize business events with the aim to improve trade and investment cooperation between the two countries.

The interlocutors agreed that the greatest potential for cooperation exists in the field of renewable energy sources, the IT sector, the auto industry and metal processing, as well as the production of food and services.

In 2021, the International Monetary Fund ranked Slovakia as the 45^th richest country in the world (out of 226 countries and territories). Since 2007, Slovakia has been the world's largest car producer per capita. They currently have four car assembly plants: Volkswagen, PSA Peugeot Citroën, Kia Motors and Jaguar Land Rover.

Among the electrical engineering companies, Foxconn and Samsung stand out, and many global companies, including IBM, Dell, Lenovo, AT&T, SAP and Accenture, have built outsourcing and service centres.

The reasons for the arrival of multinational companies in Slovakia are the proximity of Western Europe, a qualified workforce and a large number of universities and research centres, political stability and an organized business environment.