FIPA Activities

The Director of the company DLB Group visited FIPA

2/18/2016

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The Director of FIPA Gordan Milinić with his associates had a meeting on 17 February 2016 with Mr Ivan Kindler von Knobloch, CEO of DLB Group for Spain and expert for attracting foreign investments of the Swedish Jarl Hjalmarson Foundation.

DLB Group is a leading marketing agency that provides services in the field of digital media, retail marketing, organizing promotional events, branding, design and PR.

The meeting was related to establishing cooperation in the process of attracting foreign investors from Spain to Bosnia and Herzegovina.

The FIPA representatives informed Mr Kindler on activities of the Agency in the process of attracting foreign investors, attractive sectors and projects that could be of interest to potential investors.

FIPA will provide basic information about the business environment and investment potentials of Bosnia and Herzegovina, in order that Mr Kindler could make his clients familiarized with opportunities in BiH.

It was also agreed that representatives of FIPA will get contacts of companies-potential investors from Spain in order to prepare appropriate projects and information on investment locations, and to organize a visit to Bosnia and Herzegovina.

It was noted that a successful cooperation could be achieved, considering the fact that many Spanish companies are looking for new sites for their investment.

Bosnia and Herzegovina is very close to the European Union, we have a quality work force, attractive locations for investment, low operating costs and numerous free trade agreements.

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“.

 

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