Sarajevo Canton awaits investors

Bosnia and Herzegovina is a small country in the Balkans, but decorated with natural riches. The availability of its natural resources and riches, its favourable geographical location, shows that this country is a suitable place to invest. The Council of Ministers of Bosnia and Herzegovina established a Fund for Supporting Foreign Investors in 2007. Foreign investors have the same rights and responsibilities as citizens of Bosnia and Herzegovina according to the established Support Fund. Accordingly, the assets of foreign investors cannot be expropriated and confiscated. Foreign investors have the right to open an account with any commercial bank in Bosnia and Herzegovina via the local currency KM. Foreign investors can hire foreigners with work permits. Foreign investments are exempted from customs duties.

Austria, Serbia, Croatia, Slovenia, Russia, Germany, Switzerland, the Netherlands, Turkey, and Italy were the most important investors in Bosnia and Herzegovina between 1994 and 2010, respectively, according to statistics.

The Sarajevo Canton, where Sarajevo is the capital of Bosnia and Herzegovina, is one of the ten cantons of Bosnia and Herzegovina. Sarajevo Canton, which is in a position to attract foreign investors with its geographical location, is seen as a place where very good investment opportunities can be provided with its natural wealth, agricultural lands and water resources, rich forest areas, minerals, and protected areas.

Sarajevo Canton has quarries, metallic mineral raw materials, and coal. The canton is also rich in drinking water, mineral water, thermal water, and thermomineral water.

Agriculture and food industry, farming, fruit growing, livestock, dairy, and beekeeping sectors have an important position in Sarajevo Canton. Tourism in the Sarajevo Canton is also showing a trend of continuous growth. (www.balkannews.com.tr)