Feature Story

FIPA visit to the Municipality of Čajniče

11/22/2023

Send document by e-mail

From:
To:
Comment
Representatives of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) met with the Mayor of Čajniče Municipality, Goran Karadžić, and the Head of the Department for Economy, Finance and Social Activities, Mladen Janjić.

At the meeting, they discussed sectors attractive for investments in Čajniče, where they pointed out the wood sector, the agriculture and tourism sector, and wood-processing capacity.

This region is very rich of water sources, it is suitable for the development of agriculture, especially cattle breeding, sheep farming, and to some extent also fruit growing.

It has all the prerequisites for the development of tourism, because it has attractive natural beauties and an ecologically clean environment.

Investment projects and locations that FIPA could present to potential foreign investors were presented.

They highlighted the insufficiently developed road infrastructure as the main obstacle to foreign investment.

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“.

 

Feature Story

Follow us
Investment Project