By Aldijana Hadzic
BELGRADE, Serbia (AA) - Bosnia Herzegovina's Foreign Investments Agency (FIPA) said on Tuesday that the satisfaction of foreign investors was imperative to breed further investment in the country.
Chairman of the FIPA of Bosnia and Herzegovina Gordan Milinic said that the country had received 800 million euros ($872.36m) in 2018 as foreign investment. He said Austria topped the list of countries who invested in Bosnia Herzegovina.
Since 2006, the FIPA has been playing a key role in attracting foreign investors to the country. It directly deals with foreign investors, guides and introduces them to various sector and also listens to the demands of investors.
Milinic said that there are close to 500 projects ready to be offered to investors.
"After selecting the project together, we carry out on-the-spot inspection and extend support during the entire legal process," said Milinic.
"The investors are satisfied with Bosnia and Herzegovina and this triggers the arrival of new investors. More than 80%of incoming investors are expanding their investments in the country every year," said Milinic.
The FIPA Spokesperson Jasmina Dzevlan said that since 2016, the diplomatic missions of Bosnia and Herzegovina have been conducting a campaign titled "Invest in Bosnia and Herzegovina".
Dzevlan said that the Turkish media also contributed greatly to the execution of the campaign.
"Turkey's direct investments in Bosnia and Herzegovina is around 200 million euros [$217.98 million]. We will continue our cooperation with Turkey and Turkish investors," said Dzevlan.
Head of FIPA Investment Support Department, Dika Mustafic Cokoja, said that they have always been with investors since the day they started their operations. He said they have found solutions by conveying their problems to the government.
Head of FIPA Investment Incentives Department Nina Pobric, said that Bosnia and Herzegovina offers an easy environment in terms of investment.
"The workforce in Bosnia and Herzegovina is much cheaper than in other European countries. In addition, investors have the opportunity to work with highly committed and expert teams," said Pobric.
He pointed out that investors are most interested in energy, food and agriculture sectors.
The natural beauties of Bosnia and Herzegovina also attracts investments in tourism sector.