FIPA Activities

FIPA Director at a meeting with the Mayor of the Municipality of Sokolac

1/31/2025

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The Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) Marko Kubatlija met with the Mayor of the Municipality of Sokolac Strahinja Bašević. It was an opportunity to discuss the possibilities of cooperation and attracting foreign investors.

The Municipality of Sokolac has the potentials for development, and the task of the competent institutions is to create favourable conditions for investments.

Through FIPA, the Municipality has the opportunity to apply for projects that will be presented to investors from Europe, Eurasia and Africa, with the aim to ensure concrete investments and opening production capacities.

The focus of the authorities is to provide everything investors need to attract, retain and make their Municipality competitive compared to others.

Delegating as many projects as possible, increase the chance that some of them are interesting to foreign investors who will recognize Sokolac as a Municipality that meets their requirements.

This opens up opportunities for new jobs, additional production, payment of taxes and contributions, greater turnover of funds, and trade of goods and services.

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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