Hungarian, Bosnian business representatives meet in Budapest
A delegation of representatives of companies in Bosnia and Herzegovina met with Hungarian business people in Budapest on Wednesday.
Economy Ministry state secretary Ăbel Garamhegyi said Bosnia-Herzegovina could be a good target for Hungarian investments, especially in the environment, construction, agriculture and tourism industries. Haris Basic, who heads the Bosnian Investment Agency (FIPA), said Bosnia and Herzegovinaâs fast expanding economy, low labor costs and favorable taxes make it a good place to invest.
FDI in Bosnia and Herzegovina rose to âŹ1.6 billion in 2007 from âŹ562 million in 2006. Hungary is the 13th biggest investor in the country, bringing in âŹ12 million, Basic said. Bilateral trade between Hungary and Bosnia and Herzegovina increased to âŹ357 million in 2007 from âŹ285 million in 2006 according to FIPA figures. (MTI-Econews)
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