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Bosnia & Herzegovina/ Bosnia & Herzegovina Foreign Investment Promotion Agency - FIPA
Bosnia & Herzegovina Foreign Investment Promotion Agency - FIPA
Key Competitive Attractions
Bosnia and Herzegovina has been negotiating its membership with the EU since 2005, and has undergone extensive reforms to its social, political and economic policies as a result, accelerating its progress and invigorating its business environment.
Key Competitive Attractions:
- The fastest growing economy in South Eastern Europe.
- Macroeconomic stability
- Three Free Zones – Vogosca, Visoko and Hercegovina-Mostar
- Highly competitive operational costs
- Excellent availability of natural resources
- For the last 10 years, the economy has increased by 5% per year, a trend projected to be sustained in future.
- Expanding levels of productivity and export volumes
- Stable currency - the konvertibilna marka is pegged to the Euro with a fixed exchange rate (1 KM = 0, 51 EUR).
- Lowest inflation rate in South Eastern Europe.
- The Government is facilitating the privatisation process for companies of strategic importance with the aim of increasing economic growth and the level of foreign investment.
- Bosnia and Herzegovina has signed Central European Free Trade Agreements with its bordering countries and is negotiating entry into the WTO.
- BiH has preferential export regimes with the EU, as well as with the USA, Japan, Canada, Russia and Turkey.
- Bosnia and Herzegovina has received a total of €5.8 billion in Foreign Direct Investments, and attracted €1.6 billion in 2007 alone – a record amount in the last 15 years.
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