FIPA Activities

Mayor of the Municipality of Krupa na Uni visited FIPA

3/2/2016

At a meeting with the Director of FIPA Gordan Milinić, the Mayor of the Municipality Krupa na Uni Kličković presented the opportunities that this Municipality can offer to potential foreign investors, such as energy, tourism, agriculture, livestock and food production.

The Mayor stated that this place has 1,500 dairy cows, and the goal is to reach the number of 2,000 in the future, and that a cooperative will be organized for purchasing milk. At the end of the year, they plan to plant 100,000 seedlings of raspberries, for which they need to install a cold storage. They also work on projects of native trout in the ponds.

He pointed out the project related to the construction of four mini hydroelectric power plants of 1MW they are for seeking financial support for, as well as the project "Bašta sljezove bojea" in Hašani which implies 70 different contents from the cultural to the production facilities.

The Director Milinić emphasized the readiness of FIPA to include those projects in the base projects of the Agency, to present them to the target group of investors and to direct possibly interested investors to the Municipality.

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“.

 

Follow us
Investment Project