Hungarian, Bosnian business representatives meet in Budapest

Tourism

A delegation of representatives of companies in Bosnia and Herzegovina met with Hungarian business people in Budapest on Wednesday.

Economy Ministry state secretary Ábel 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 Herzegovina’s fast expanding economy, low labor costs and favorable taxes make it a good place to invest.

FDI in Bosnia and Herzegovina rose to €1.6 billion in 2007 from €562 million in 2006. Hungary is the 13th biggest investor in the country, bringing in €12 million, Basic said. Bilateral trade between Hungary and Bosnia and Herzegovina increased to €357 million in 2007 from €285 million in 2006 according to FIPA figures. (MTI-Econews)

ADVERTISEMENT

Annual Inflation Hits 23-Year High in May Analysis

Annual Inflation Hits 23-Year High in May

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest targets tourists with public transport fare hikes City

Budapest targets tourists with public transport fare hikes

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.