FIPA Activities

The FIPA Director met with representatives of German companies 123 eco-systems GmbH and Exzellent Energie Management

4/20/2016

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Representatives of German companies 123 eco-systems GmbH and Exzellent Energie Management Bernd Imhof and Andreas Jehnert visited the Foreign Investment Promotion Agency of BiH (FIPA) in order to get information about currently available waste management projects in BiH.

The mentioned companies are specialized in the waste recycling and in manufacturing plants for recycling of waste from which they produce electricity. They have been operating in several countries in the world such as Switzerland, the Netherlands, Hungary, etc., and offer three different types of cooperation in the implementation of projects of common interest.

They have recently opened the company "Elektor san" in BiH whose main activity will be the production of solar energy.

The FIPA Director Gordan Milinić informed investors about the services and assistance that the Agency provides to investors, the main activities, as well as about the support provided by the competent institutions in BiH.

Currently available projects from the mentioned field were presented at the meeting, including information about free zones and locations in Bosnia and Herzegovina that may be interesting to investors.

FIPA will inform holders of projects, as well as the local communities/municipalities about the possibilities for cooperation with the mentioned investors, and after the shown interest, it will connect projects owners and investors for further negotiations and possible cooperation.

 

 

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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