FBiH Council for Foreign Investors held a meeting: Crisis is also a chance for more foreign investment

A comprehensive analytical review of foreign investment in the Federation of BiH in the year of the projected global recession caused by the COVID-19 pandemic was the main point of the 7th session of the FBiH Council for Foreign Investors held on June 24, via a video link at the FBiH Government headquarters in Sarajevo, chaired by Federal Minister of Trade Zlatan Vujanovic. 

What prevailed in most of the presentations of the Council members is that Bosnia and Herzegovina in this global crisis, as well as almost all countries in the world, will record a recession, which will be the largest in recent history.

According to the data presented by Goran Mirascic, the Council member and advisor to the federal prime minister, it is estimated that the recession in FBiH will amount to minus 3,2 to 5 percent, and if we take into account that before the pandemic the planned GDP growth was 2,8 percent, then the amount of the fall would be between 6 and 8 percent.

However, as he pointed out, every crisis is also a chance for the situation to stabilize and the economy to recover, primarily by stopping the negative spiral trough attracting foreign investments and creating a more favorable business environment.

This primarily refers to positioning BiH in the strongest European supply chains after those that exist in Asian and Far Eastern countries are endangered and investors want to move production to ​​Eastern and Southeastern Europe regions.

He estimated that the economy in the Federation of BiH could return to the level from February this year in next 15 to 18 months.

Stating that the world economy has shown instability after the corona virus pandemic, President of Foreign Investors Council in BiH and Council member, Branimir Muidza gave the example of the Kakanj Cement Factory (Heidelberg Cement Group, which despite the disruption caused by pandemic, recorded significant production, sales and exports.

The conclusion of all participants at the meeting was that despite to all negative effects of the pandemic, this is a chance for the economy in FBiH to strengthen, restructure and improve the business environment and adopt the necessary legislation, to take a position that will allow significant foreign investment in future.

  • SHP Celex
  • Sparkasse
  • FCL
  • Phoenix
  • SKF
  • Eco Energy
  • ALBA
  • GOPA Worldwide Consultants
  • Philip Morris
  • EFT
  • Bosna Bank Internations
  • infobip
  • Arcelor Mittal
  • Telemach
  • Hotel Bristol
  • Studen Holding (Bimal)
  • Network
  • JTI
  • Eastern Mining
  • Meggle
  • British American Tobacco
  • Mtel
  • Natron - hayat
  • Mastercard
  • PWC
  • McCann
  • Dimitrijević & Partners
  • Coca-Cola HBC Adria
  • AL Shiddi
  • Europian Bank
  • UniCredit Bank
  • Maric And Co
  • SR Investment
  • Gazprom
  • Violeta
  • hepok
  • Raiffeisen Bank
  • MOP
  • Aljazeera Balkans
  • Volkswagen
  • Hypo Aple Adria
  • Kakanj cement
  • Hold INA
  • Saga NFG d.o.o.
  • DDC
  • manpowergroup
  • Sisecam
  • Messer
  • Sarajevo City Center
  • Marbo
  • SHAD Invest
  • LRC
  • Carmeuse
  • ProCredit Bank
  • Bosnaplod
  • Karanovic/partners