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BiH attracts EUR 350mn FDI in Jan-Sep.

BiH attracts EUR 350mn FDI in Jan-Sep. BiH has attracted EUR 350mn (KM 684.5mn) worth of FDI in Jan-Sep, which is higher than the FDI volume attracted in full-2005, BiH Foreign Investment Promotion Agency director Haris Basic announced as ONASA informed. Basic expects that the FDI amount in full-2006 could plausibly reach KM 1bn with the finalisation of investments in progress, Basic said alluding at the privatisation of telecommunication and oil segments in RS. In the meantime, the Organisation for Economic Development and Cooperation (OECD) has pointed out that in order for BiH to attract larger investments with greater value-added, BiH authorities should continue their rigorous fight against corruption and organised crime, encourage competition, as well as regional trade and cooperation with its neighbouring countries. Furthermore, Bosnian institutions and administrative capacity should be reinforced so that a fruitful business environment is established.

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