FIPA Activities

FIPA presentation at International Conference on Banking and Finance ICBF

7/19/2017

The Faculty of Economy of the Sarajevo University, in cooperation with the University of Utara Malaysia, organizes the 5th International Conference on Banking and Finance ICBF from 17-19 July 2017.

On this occasion, Nina Pobric, Head of Investment Promotion Department at FIPA, had on 17 July a presentation on possibilities for investing in BiH with a focus on the financial and banking sector

The CBF conference provides the opportunity to exchange knowledge and experience with experts from around the world in the fields of corporate and international finance, accounting, risk management and insurance, development economy and banks management.

The FIPA representative Nina Pobrić introduced the attendees with the legal regulations related to the banking sector, the structure of the BiH financial sector and basic parameters of the banking sector in BiH. She also introduced the guests with other attractive sectors for investments and the advantages that BiH offers to foreign investors such as low profit tax, free trade agreements, low operating costs and a liberal legal framework for foreign investors.

The main speaker at the conference was PhD Salim Rashid, Professor at the prestigious University of Utara, Malaysia, as well as at the University of Illinois, USA. One of the speakers at the conference was Professor PhD Kemal Kozarić, Dean of the Faculty of Economy in Sarajevo.

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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