Austria is a country with the biggest investments in Bosnia and Herzegovina, according to the records of Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA).
Total foreign investments to Bosnia and Herzegovina amount to EUR 6,152 million, and Austria has invested EUR 1.621 million or 26.3%.
The largest share of foreign investments from Austria is realized in the banking sector (more than 50%) and production (more than 30%).
The most important Austrian investors in the banking sector are:
- Hypo Alpe-Adria-Bank AG
- Oesterreichiche Volksbanken
- Steiermakrische Bank und Sparkasse AG Graz
- Bank Austria AG
- Raiffeisen Zentralbank
Other major investors from Austria include: Asamer Zement Holding AG that invested in the Cement Factory Lukavac, Studen-Agrana with investments in Studen-AGRANA - Sugar Refinery in Brcko, and OMV Refining & Marketing GmbH that has invested in OMV BiH, a company which trades the oil derivatives. It is estimated that there are about 200 companies with a majority of Austrian capital in Bosnia and Herzegovina.
Austrian investors point out that the country has a tax system which is quite attractive in comparison with the environment and qualified labour force, and that it represents favourable location for production. Obstacles include a disordered infrastructure and legislation, and disputable legal and political stability. They hope that Bosnia and Herzegovina will solve these problems in the future, in order to become more attractive destination for foreign investments.
Office of the Austrian Development Agency in Sarajevo, which supported the projects and programs of university reform, modernization of administration and starting of the economy in Bosnia and Herzegovina in the last 15 years, will be closed at the end of June.