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Austria - the biggest investor in BiH

14. June 2011. | 11:12

Source: BH Daily News

According to the records of Foreign Investments Promotion Agency of BiH (FIPA), Austria is a country with the biggest investments in Bosnia and Herzegovina.

According to the records of Foreign Investments Promotion Agency of BiH (FIPA), Austria is a country with the biggest investments in Bosnia and Herzegovina.

Total foreign investments amounts to 6,152 million EUR, and Austria has invested 1.621 million or 26.3% of total foreign investments.

The largest share of foreign investments from Austria is realized in the banking sector (more than 50%) and production (more than 30%).

The most important Austrian investors in the banking sector are:

- Hypo Alpe-Adria-Bank AG
- Oesterreichiche Volksbanken
- Steiermakrische Bank und Sparkasse AG Graz
- Bank Austria AG
- Raiffeisen Zentralbank

Other major investors from Austria are; Asamer Zement Holding AG that has invested in the Cement Factory Lukavac, Studen-Agrana with investments in Studen-AGRANA - Sugar Refinery in Brcko, and OMV Refining & Marketing GmbH that has invested in OMV BiH - a company that trades the oil derivatives.

Office of the Austrian Development Agency in Sarajevo, which supported the projects and programs of university reform, modernization of administration and starting of the economy in BiH for 15 years, will be closed at the end of June.

It is estimated that there are about 200 companies with a majority Austrian capital in BiH.

Austrian investors point out that BiH has a tax system that is quite attractive in comparison with the environment and qualified labor force, and that it represents favorable location for production. Investors also stress that, on the other hand, BiH has a disordered infrastructure and legislation, and disputable legal and political stability.

They hope that BiH will solve these problems in the future, in order to become more attractive destination for foreign investments.


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