Ambassador of the Islamic Republic of Iran Reza Ghelichkhan visited the Agency for the Promotion of Foreign Investments in B&H (FIPA) and met with Director Milica Marković.

Ambassador Ghelichkhan stated that Iranian companies are especially interested in investments in the field of energy, agriculture, metal processing and automobile industry.

Director Marković informed the ambassador and his associates about the work of the Agency, investment opportunities in B&H, FIPA cooperation with relevant institutions, and coordination of the work of B&H institutions in the field of attracting foreign investments.

She pointed out that Bosnia and Herzegovina is the largest exporter of electricity in the region, that it has one of the lowest electricity prices in Europe, that the corporate income tax rate is only 10 percent, and that we have numerous free trade agreements that allow customs-free exports to many markets, while rental and purchase prices of investment sites, including free and industrial zones, are very competitive.

It was agreed to cooperate in presenting and connecting Iranian companies with project owners from Bosnia and Herzegovina when epidemiological conditions are met, and to organize a business forum.

Marković stated that FIPA provides support to investors during all phases of the investment cycle, starting with obtaining initial information, then through the project implementation process, and after that through the aftercare program investors receive support in resolving potential difficulties, FIPA said.