The company Lokum is producing cakes starting from 2016 and represents an investment of the Republic of Turkey. It invested 4 million BAM and employs between 25 and 30 workers, depending on the needs of the production.

The company co-owner Mustafa Yavuz, after successful investment in the company Yavuz, which produces aluminium doors and windows, decided to expand his business in BiH.

According to Mr. Yavuz, the company Lokum exports its products to the market of Germany, Austria and Serbia. Satisfied with the business environment in BiH, he is convinced that simplifying administrative procedures would contribute to significantly increase the number of foreign investors in BiH.

The company Elin Motoren GmbH from Austria was founded in 2015 the company Elin Motors Bosnia Ltd which produces electric motors, generators and transformers, and employs 180 workers. The company primarily employed 40 workers, but after the good business results, the number of employees increased at 180.

Since the company opening, it was invested 8 million BAM in equipment and construction of new production facilities. The company has reinvested 3 million BAM in a project that will be completed by spring 2017. All products are being exported to Austria for a well-known customer.

The Administration Manager Sandra Suljić and the Quality Control Manager Adnan Halilagić made representatives of the Network for Cooperation for Support to Foreign Investors to BiH familiarized with their plans for the production expansion, as well as the difficulties they face.

Representatives of the mentioned company have pointed out that they have very good cooperation with representatives of local government, but estimate they should have more important support from higher levels of government, and that the procedures for the import of chemicals, they need for production, are too complicated.