Foreign investments in B&H plunge

Sarajevo, 14 September 2014 (MIA) - The volume of 2014 foreign investments in Bosnia&Herzegovina has dropped by over 67 percent, which comes as a result of the political instability and administrative obstacles, reads daily "Dnevni Avaz".

Foreign Investors Council president Branimir Muidza says Bosnian laws for investment protection are not implemented in practice or violate the legislation of EU and neighboring countries.

"For example, getting a building permit requires 180 days", Muidza told the paper, adding Bosnia needs a more stable political and legal system, lower taxes, efficient administration and qualified workforce.

Statistical data shows foreign investments in the first half of 2014 amount to EUR 27,2 million, which is a 67.1 percent drop compared to the same period in 2013.



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