The Foreign Investment Promotion Agency of Bosnia-Herzegovina (FIPA) is organizing this year’s event of Choosing the Most Important Foreign Investor for 2019.
FIPA wishes to acknowledge foreign investors with this contribution, which will be held on February 27th in Sarajevo, and thank them for their contribution to the economic development of Bosnia-Herzegovina, the employment of Bosnian citizens, and the growth of all other economic indicators based on these investments.
The 2019 investment award will be given to 11 firms from different manufacturing sectors, which invested 470.5 million BAM and employed 5,560 workers.
The winners of this year’s Selection of the Most Important Investor in BiH are: Ella Textile (Calzedonia Group) – Gradiška, HIK-SM d.o.o. Sanski Most, dm drogerie markt d.o.o. Sarajevo, Bosmal Arjaan by Rotana – Sarajevo, Eastern Mining (Adriatic Metals) Sarajevo, Delta Real Estate – Banja Luka, PASSd.o.o. Bijeljina, PMP Jelsingrad a.d. Gradiška, Elsta Mosdorfer Bosnia – Živinice, Bosnalijek – Sarajevo and Sinkro d.o.o. Sarajevo, according to a statement from the Foreign Investment Promotion Agency.
Foreign direct investments in Bosnia and Herzegovina, in the first six months of 2019, amounted to 650.1 million BAM, of which 252.8 million BAM in the first quarter and the rest in the second quarter of 2019.
There is an increased inflow compared to the same period last year, when 423.3 million was recorded BAM. In terms of components, the majority of investments were realized in the form of equity shares which amounted to 304.8 million BAM, while retained earnings amounted to 293.3 million BAM.
The largest investments in the first six months came from Russia, 265.1 million BAM, followed by Croatia, 114.2 million BAM and the Netherlands, 83.1 million BAM.
The Central Bank of Bosnia and Herzegovina (CBBH) has upgraded the available foreign investment statistics, as quarterly levels of retained earnings are now provided for the first time. In this way, users will have more detailed information before conducting a full annual FDI survey.
It is important to keep in mind that direct investment is a very dynamic category of flows, and especially a component of retained earnings that can change significantly during the year, depending on the decision of foreign investors to pay dividends.
The final annual amounts may therefore differ significantly from the annual amounts, which should be kept in mind when making projections.