www.westfalia.co.rs W&P BAUMIT D.O.O. ARANDJELOVAC Roland HOCHHOLDIN-GER, Director Venčački put bb 34300 Arandjelovac +381 34 727 410 r.hochholdinger@wup.baumit. com; www.baumit.com BAUMIT D.O.O. Branko BANJEGLAV, Director Smederevski put 25 k 11113 Kaludjerica +381 11 3475082 office@baumit.rs WIENER STÄDTISCHE OSIGURANJE A.D. BEOGRAD Director Christoph RATH Branko KRSTONOŠIĆ Trešnjinog cveta br.1 11070 Beograd, Srbija +381 11 2209 900 office@wiener.co.rs www.wiener.co.rs WOLF, THEISS & PARTNER D.O.O. BELGRAD Miroslav STOJANOVIĆ, Director Bul. Mihaila Pupina 6 11070 Novi Beograd +381 11 330-2900 beograd@wolftheiss.com WOMA BEOGRAD Aleksandar VELIČKOVIĆ, Director Rableova 18, 11050 Beograd +381 11 3422-204 velicko@eunet.rs YKK AUSTRIA GMBH Kristijan MILANOVIĆ, Director Predstvnistvo u SRbiji Kosančić Ivana 5 21000 Novi Sad +381 21 473 94 13 kristijan_milanovic@ ykk.rs PREDSTAVNISTNO JOHNSON CONTROLS AUSTRIA GMBH Zoran PETROVIC, Director Bul. Mihajla Pupina 10D 11070 N. Beograd +381 11 311 41 43 zoran.petrovic@jci.com IMO D.O.O. Mirko Vincetic Stevana Markovica 8 11080 Beograd(Zemun) +381 11 3162 906 imo@eynet.rs B.M.R.MONTAZE D.O.O. Aleksandar DESPOTOVIĆ, Director Hajduk Veljka 38, 15000 Sabac +381 15 303-202 office@bmr.rs INSERT D.O.O. Saša JELAČA, Director Paunova 41a 11000 Beograd +381 11 3066371 insert@eunet.rs
For Better RESULTS Non-customs barriers are substantially hampering the trade exchange between the two countries
W
e talked with the Ambassador of Bosnia and Herzegovina to Serbia, H.E. Boriša Arnaut about economic cooperation between Serbia and BIH, business results achieved by BIH companies in Serbia in 2010 and the investment climate in Serbia in respect of BIH companies and other foreign businesses.
What outlook do companies from your country have in terms of investments in 2011? - I think that if Serbia creates a better business environment, more foreign capital will come into the co u n t r y, i n c l u d i n g that from Bosnia and Herzegovina. I think that developing the regional economy and cooperation is in both countries’ best interests. In that context, I would like to underline that, in April this year, Bosnia and Herzegovina will be the host of the Second Investment Conference ‘Sarajevo Business Forum 2011’ that will have a regional quality this year on the basis that regional projects will be presented as one.
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Generally speaking, what is your view of the results achieved by companies from your country in Serbia in 2010? - I have to say that the Republic of Serbia occupies a very high place on the list of Bosnia and Herzegovina’s foreign trade partners, but I also have to underline that BIH is still recording a deficit in trading with Serbia. In regards to assessing how well Bosnian companies did in Serbia in 2010, we are not too happy with their results. We think that the results could have been much better if certain obstacles, which are more of a political than technical ► Do you expect the investnature, were removed. I am referring to non-customs barment climate in Serbia to Investors riers that are substantially improve in 2011? are still - Each hampering the trade exchange investor, whether dofacing many mestic or foreign, wants the between the two countries. obstacles business environment to pro► Could you tell us what you vide stability, the predictability of risk and to stimulate investthink of the forecast of three-billioning and the creation of added values. I euros worth of FDIs being made in think that Serbia has done a lot on adSerbia in 2011? vancing its investment climate by al- I don’t think that this forecast is reallocating substantial funds for the conistic. Let me remind you that a similar struction of infrastructure, and having forecast was made at the beginning of tax and financial incentives for inveslast year and that it turned out that intors. However, investors are still facvestments in Serbia that year amounting many obstacles with corruption ed to only a billion euros. According being one of the biggest. I think that to my estimates, the FDIs made in if bureaucracy and corruption were Serbia by the end of 2011 will probato be reduced and new laws enacted, bly amount to 1.5 billion euros at the Serbia would have a really favourable most, not counting the money generatFDI environment. ■ ed from selling Telekom Serbia. ►
Bosnia and Herzegovina
International Business Sector in Serbia March 2011
H.E. Boriša Arnaut Ambassador of Bosnia and Herzegovina to Serbia
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