FIPA DIRECTOR AND ITALIAN AMBASSADOR: GREAT ITALIAN INVESTMENT STARTS ON 19 JULY

The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić talked with the Ambassador of Italy to BiH HE Ruggero Corrias on preparations for a big Italian investment in BiH, which starts on July 19 in Sarajevo, by organizing a meeting between the representatives of the Italian company Pyrox and representatives of 60 municipalities in BiH. 

The Italian company "Pyrox" plans to invest about 150 million EUR in co-generation projects on wood biomass in BiH. In each municipality where the project will be implemented, it will be employed 25 workers, and according to the business plan, the annual profit in each municipality would amount to about one million EUR.

FIPA and the Italian Embassy in BiH will provide all necessary assistance to investors and municipalities with a view with the aim to contribute to a faster realization of investments.

The meeting also discussed the annual Business Forum of Central-European Initiative which is to be held on 26 November in Sarajevo and which will gather a significant number of investors from countries members of Initiative, including Italian investors, who according to the Ambassador, are interested in the textile, wood and metal industry of Bosnia and Herzegovina, as well as in energy projects in the field of alternative energy.

The Ambassador Corrias has fully supported the implementation of the FIPA activities related to the realization of direct visits to Italian investors. The Agency planned in cooperation with the Chamber of Commerce of Italy to visit by the end of the year some of interested companies in Italy in order to present them investment opportunities of Bosnia and Herzegovina.