FIPA Activities

FIPA Director Participates at Economic Forum in St. Petersburg

6/24/2025

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The Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA), Marko Kubatlija, participates at the 28th St. Petersburg International Forum at the invitation of the Advisor to the President of the Russian Federation, Executive Secretary of the Organizing Committee of the St. Petersburg International Economic Forum, Anton Kobjakov.

The main topics of the forum are development economics, new technologies, environmental protection, topics related to the quality of life, health, education and preservation of traditional values.

Director Kubatlija had a series of meetings with Russian businessmen and representatives of the competent institutions for economic issues and investments of the Russian Federation.

On this occasion, investment opportunities in Bosnia and Herzegovina were presented, as well as available investment projects. A number of important contacts were established with whom cooperation will continue in the coming period.

He also participated at the plenary session of the forum, at which Vladimir Putin, President of the Russian Federation, spoke.

The Forum is attended by around 20,000 representatives from 140 countries. More than 150 events were held within the framework of the Forum, including the SCO and BRICS Forums, the G20 Regional Business Community Forum.

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“.

 

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