FIPA and HEPA signed a Memorandum of Cooperation on the Foreign Market Growth Program"

The Acting Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) Marko Kubatlija and the Director of the Hungarian Export Promotion Agency HEPA Gábor Jenei signed a Memorandum of Cooperation in Budapest, which defined cooperation within the framework of the new program of the Hungarian Government named Foreign Market Growth Program, which supports the activities of Hungarian companies abroad. 

Foreign Market Growth Program is a new and second program of the Government of Hungary, which has shown great interest of Hungarian companies in investing in Bosnia and Herzegovina and the Western Balkans.

It was agreed a HEPA support in presenting the investment potentials of Bosnia and Herzegovina

The Memorandum of Cooperation includes assistance to the BiH companies to enter the Hungarian market, and vice versa. Both parties will encourage and support investments and business promotion activities such as business conferences, fairs, investment promotion and other export-related activities, and will cooperate in connection with projects in which Bosnia and Herzegovina is presented as an investment location within the Growth Support Program to the External Market that implements HEPA.

On the basis of the Memorandum, FIPA signed a letter of support for the Lugos company for the implementation of the solar park project in Trebinje with the company Elektroprivreda of the Republic of Srpska.