A meeting of the Cooperation Network was held

Organized by the of Foreign Investment Promotion Agency og BiH (FIPA), a meeting of representatives of the Cooperation Network for Support to Foreign Investors in BiH was held on February 26, 2022 in Sarajevo with the aim to develop a more comprehensive plan for visiting foreign investors in BiH. 

Representatives of the Network are working together to identify barriers to doing business and to eliminate them as soon as possible in order to contribute to increasing the competitiveness of the business environment and increasing foreign capital in the country.

Given the importance of foreign investments for economic development, introduction of new technological solutions and new managerial skills, and increasing the number of employees as a key element in attracting foreign capital, it is necessary to ensure joint action of all relevant institutions in BiH to remove all identified barriers.

The Cooperation Network includes 41 institutions and since 2013, with the technical support of IFC, has been implementing a joint program of post-investment support to investors.

In her address, Milica Marković, Director of FIPA, emphasized the importance of existing foreign investors and supported the work of the Cooperation Network and resolving open issues. She emphasized that the main function of FIPA is to promote investment potentials and build the country's image, but also to support the work of existing investments. She paid special attention to investments in 2021, in which, according to preliminary data for the period January-September, 1,049 million KM (or one billion and 49 million) were invested.

During the meeting, other participants also took part in the discussion, emphasizing the importance of visiting foreign investors, resolving open issues and achieving closer cooperation between institutions and businesspeople.

Proposals for further promotion of investment opportunities of local communities (projects, business zones, locations, etc.) through FIPA's promotional channels were presented.

Other results of the Cooperation Network were presented, further work on resolving open issues of investors which were discussed at the meeting, was agreed, the importance of work on improving the business environment was agreed, and plans for further work of the Cooperation Network partners on visiting investors and other related activities were agreed.