Meeting of the FIPA Office representatives in Mostar with the co-owner of the company '' FEMIS '' - Posušje

Representatives of the FIPA Agency Office in Mostar Amir Kazić and Ana Kvesić met on 20 January with the co-owner of the company ''FEMIS'' - Posušje Mr Mijo Begić. The meeting was focused on results of the previous remarks that the mentioned company had on the BiH administration, and on the planned reinvestments. 

One of the remarks made by the investor at the previous meeting was referred to the Instruction of the Indirect Taxation Authority of BiH on the simplified procedure of the customs clearance when exporting, which caused increase of the cost for the company.

The FIPA Agency was informed the competent authority on the mentioned problem in the document “Proposals for Improving the Business Environment”, adopted by the Council of Ministers of BiH in 2015. A correction of the Instruction was done, and thus the problem was eliminated and the remark of the company FEMIS was positively resolved.

Mr Begić expressed his gratitude for the help of FIPA in solving problems, because FEMIS exports 70% of its products and has annual revenue of 10 million EUR.

In 2016, the company plans to build an additional 1500 m2 of the production space, to purchase a new production line and to hire up to 10 new employees.