Jelica Grujic, the Director of the Foreign Investment Promotion Agency has explained in an interview with bh-news why is Bosnia and Herzegovina the west Balkans country with the least direct foreign investment.
„Some of the countries are already members or are on the verge of becoming EU members, others are more or less on that way. Everyone of the countries is characterized by a political and economical situation which forms a specific business ambient. It is clear that the ambient currently presented by BH is less then satisfying then in its neighboring countries and it is normal for investors to be more attracted by these countries”, Grujic stated.
She added that, according to a report from the Central Bank of BH, in 2010 foreign investments in BH were around 174 million EURO, and that the trend of slight increase of foreign investments is going to continue in this year.
when asked how much time it takes for a foreign investor to complete the legal procedure so he can start with the concrete investment, Grujic said that “according to the latest review from Doing Business, it takes 12 steps and around 20-45 days for the establishment of a company, sometimes even longer”.
She also noted that foreign investment start a positive business cycle, positively affect employment, secure funds for budgets and introduce new technologies.
According to her the fields that attract the most investors to BH are energetics, agriculture, wood and metal industries.
„Investors know that in these sectors we have excellent natural predispositions and a tradition of work in these fields”, the FIPA director stated.
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