Sarovic in Cyprus: Significant Investments and Increase of Trust in BH Economy

May 11, 2017 7:00 AM

sarovic“From a country with a very low rate of utilization of funds of the European Bank for Reconstruction and Development (EBRD), BiH is recording a significant investments and restoration of trust in its economy since last year,” said the Minister of Foreign Trade and Economic Relations Mirko Sarovic, at the 26th annual session of the Board of Governors in Cyprus, as a governor on behalf of BiH.

At the meeting, at which participate more than 70 ministers of finance and economics from all around the world and 3,000 businessmen from the largest companies in the world, and within the specially organized conference dedicated to the topic of investments in BiH, Minister Sarovic and director of the Foreign Investment Promotion Agency (FIPA) Gordan Milinic successfully presented the potentials of BiH and possibilities for investments.

Sarovic recalled that the investments of the European Bank for Reconstruction and Development (EBRD) in BiH amounted to 200 million EUR last year, which is close to record investments, and he added that he expects a similar level of investment in BiH again this year.

“The EBRD has around 60 active projects in BiH. Most of them are focused on infrastructure, local communities and small and medium enterprises, which managed to significantly increase their competitiveness and reach EU standards through these credit lines,” said Sarovic.

The importance of investment in the energy sector was especially emphasized to foreign investors, especially due to the fact that only 38 % of this potential is used.

During the meeting, they agreed on the established of the Investment Committee of the EBRD in Sarajevo, which the EBRD will finance with the aim of increase and support to investments in BiH.

(Source: akta.ba)

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