The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić and the Minister of the FBiH Ministry of Environment and Tourism Edita Đapo met to discuss joint activities in order to attract foreign investors in projects of tourism and environment protection, and to organize joint promotion of the currently available from these fields.
Commenting on the trend of inflow of foreign investments in BiH in recent years, Mr Milinić pointed out the fact that the political turbulences in the second and third quarter of 2016 (organizing a referendum in the function of the election campaign of SNSD, and in this regard recalling secession and war by some parties) are directly related to the decline in the inflow of foreign investments.
In this period, at the beginning of meeting at FIPA, potential investors made questions about the political situation and expressed concern for capital that they would eventually invested.
Speaking about activities of FIPA on promotion of BiH as an investment location, the Director Milinić pointed out among other things that the promotion itself cannot compensate shortcomings of the system, and that all relevant institutions should be engaged on the removal of barriers to facilitate running business in our country.
In its database of contacts, FIPA has 6,700 potential investors with whom it communicates through various communication channels on investment opportunities and that FIPA wants to animate to show greater interest in the BiH projects. Among more than 500 investment projects and locations that FIPA offers to foreign investors, there is a larger number of projects in the field of tourism, for which there is a great interest of foreign investors.
The Minister Đapo presented information on 100 investment projects of the Government of FBiH among which there are projects of tourism and the environment, and that the Ministry is currently working on creating recycling yards in FBiH.
It was concluded that problems related to the environment protection slow down faster coming of foreign investors in certain projects, including some energy projects worth several billion of BAM.
It was agreed that FIPA and Ministry jointly participate in conferences where projects in the field of tourism and the environment are promoted and where all relevant institutions are trying to attract as many foreign investors, and that this year they organize an Investment Conference on investing in tourism in Bosnia and Herzegovina.
