BAKU, Azerbaijan, May 19. Both entities of
Bosnia and Herzegovina – Republika Srpska and the Federation of
Bosnia and Herzegovina – are committed to creating a favorable
economic and business environment to draw in new investments, said
Željka Cvijanović, Chairwoman of the Presidency of Bosnia and
Herzegovina, in an exclusive interview with Trend.
“We offer numerous advantages to investors, from a highly
skilled and cost-competitive workforce by European standards to
various incentives and an excellent geographical position,”
Cvijanović noted. She added that these advantages position Bosnia
and Herzegovina as an attractive destination for investment,
particularly in sectors like energy, infrastructure, agriculture,
tourism, and education.
Cvijanović also identified the energy sector as a significant
area of potential development, especially in cooperation with
Azerbaijan. She explained, “Energy is one of the most promising
industries and has become a crucial pillar of overall development.
Azerbaijan, with its abundant natural and energy resources,
presents valuable opportunities for collaboration.”
She pointed out that Bosnia and Herzegovina, particularly
Republika Srpska, possesses substantial untapped natural resources,
notably in hydropower and wind energy. “We have significant
potential in this sector, and I believe energy can serve as a key
point of economic cooperation between our countries,” Cvijanović
added.
Energy security, she stressed, is an existential challenge
worldwide, making the energy sector even more important for both
Bosnia and Herzegovina and Azerbaijan. Cvijanović also mentioned
that discussions on energy cooperation have been ongoing, with
high-level institutional meetings and continued communication at
the institutional level.