A business delegation from Izmir, led by the Honorary Consul General of Bosnia and Herzegovina to Turkey Ahmet Kemal Bayask talked with the management of the Foreign Investment Promotion Agency of BiH (FIPA) on possibilities for realization of projects of animal husbandry and breeding of ornamental plants in BiH. It is about the businesspeople who successfully operate in Turkey, but also at the markets of the Russian Federation.

The Deputy Director of FIPA Blaženka Mišković thanked the Turkish businessmen for their visit and briefly presented basic information about the Agency's work, noting that Bosnia and Herzegovina is expecting higher inflow of investments from Turkey, considering the good existing political, cultural and other relations between the two countries.

Entrepreneurs were informed about the legal framework related to foreign investors in BiH, the way they can start up a company or branch, conditions for investing, certain reforms that have contributed to facilitating the start-up of business activity, benefits and incentives in FBiH and RS.

They were given information on locations that are convenient for the above mentioned activities.

FIPA will be in constant contact with the said and provide all necessary assistance to bring about the realization of the investment.

The Honorary Consul Baysak informed the FIPA management that he has on daily basis contacts with Turkish businessmen who are interested in visiting Bosnia and Herzegovina in order to meet with representatives of the institutions with whom they would discuss about investment opportunities, what is witnessed by today's visit, as well as previous visits he organized.

He also spoke about the project of the International University of Sarajevo (IUS) which he implemented in cooperation with a few friends from Turkey and Bosnia and Herzegovina and in which it was invested so far 35 million EUR. The project started in 2004, it is not yet completed and it is expected that it will cost 60 million EUR. IUS now has 300 employees. This project has the character of Waqf, which has also contributed to the development of the economy.