FIPA Activities

THE FACTORY FOR THE PRODUCTION OF TEXTILE PRODUCTS "RAMA TEX" WAS OPENED IN PROZOR – RAMA

4/16/2012

Send document by e-mail

From:
To:
Comment
The representatives of FIPA for the region of Herzegovina, Amir Kazic, attended on 14th April opening of the factory for the production of textile products "Rama Tex" in Gracac, near Prozor – Rama.
 

100 people will find a job in the renovated former factory premises of ''Dekorativa'', where previously were produced car upholsteries.

Funds for starting this facility were provided by Dragomir Culjat, entrepreneur from Croatia, together with the Municipality of Prozor, which has handed significant financial resources from the Fund for the Employment Promotion.

A hundred new work places will mean an important progress in the field of employment and a great encouragement for the future of the entire Municipality.

Through the German company of "CGL Sports Fashion", "Rama-tex" will export its products at the market of the Western Europe.

Besides the Mayor of Prozor-Rama, Jozo Ivancevic, the factory opening were attended by Damir Ljubic, Minister for Human Rights and Refugees of the B&H Council of Ministers, Amer Zagoricic, Minister of Economy of Hercegovina-Neretva Canton, Bernd Epler, representative of the German company of "CGL Sports Fashion" and other.

 

 

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“.

 

FIPA Activities

Follow us
Investment Project