Marko Kubatlija, Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA), met today with John Ginkel, Chargé d’Affaires of the U.S. Embassy in Bosnia and Herzegovina, to discuss strengthening investment cooperation and economic relations between the two countries.
Director Kubatlija briefed his
counterpart on the services FIPA provides to foreign investors at all stages of
the investment process, from initial interest and company registration to
project implementation and further development. He emphasized that there is
significant potential to enhance economic cooperation, noting that total U.S.
investment in Bosnia and Herzegovina to date amounts to just BAM 57.6 million.
Referring to a recent meeting with
the American technology company Ciena, the interlocutors agreed that ensuring
stable and additional energy sources is crucial for attracting similar
investors, as this represents one of the key prerequisites for the realization
of large-scale investment projects.
Citing the “Southern
Interconnection” project as an example, Mr. Ginkel noted strong interest from
U.S. companies in investing in Bosnia and Herzegovina, adding that the
project—valued at over BAM 1 billion—could further encourage new investment
from the United States.
The need for closer cooperation
between FIPA, AmCham BiH, and the Embassy of Bosnia and Herzegovina in
Washington was also emphasized, with the aim of more effectively promoting
investment opportunities and attracting new investments to the country.