Srpska is a good place for investment and a secure capital for foreign investors

Prime Minister of the Republic of Srpska Radovan Višković opened in Teslić the Investment Conference “Invest Srpska,” stating that Srpska is a good place for investment and a secure capital for foreign investors. The government, he says, is a service to all who wish well for Srpska.

The third investment conference is organized by the Investment and Development Bank of the Republic of Srpska with the support of President Milorad Dodik. The Republic of Srpska offers the most favorable business environment in the region. In addition to its advantageous geographical location, investors are provided with numerous tax incentives.

“In 2023, the Republic of Srpska has almost over 500 million more investments than in the previous period, with an investment cycle exceeding four billion. Our desire is to attract as many investments as possible; that is the way to keep people in these areas and open as many jobs as possible,” stated Radovan Višković, the Prime Minister of the Republic of Srpska.

Dražen Vrhovac, the director of the Investment and Development Bank, emphasized that the success of such conferences lies not in the number of visitors or participants but in the feasibility of conclusions. Therefore, the first two conferences were successful and provided a clear direction for the bank’s future.

Ensuring investment growth amid current global events affecting Srpska’s economy is a primary task, explained the Minister of Economy and Entrepreneurship, noting that it is no coincidence that the Financial Times ranked Srpska among the top ten most desirable investment locations.

“We cannot expect someone to come here on their own. We must present what we offer, the legal regulations, and the stability of the fiscal and tax system,” emphasized Vojin Mitrović, the Minister of Economy and Entrepreneurship of the Republic of Srpska.

Pero Ćorić, the president of the Chamber of Commerce of the Republic of Srpska, added that the goal is to create a vision, as the conference’s slogan suggests, “to have a strong Republic of Srpska, and we will have it as strong as the economy is.”

The budget of the Republic of Srpska is stable, and profit growth has been achieved. In the coming period, a decrease in inflation is expected, which, according to forecasts, should be around six percent annually. To foster Srpska’s development and increase GDP for the implementation of capital projects in the future, credit funds will be secured from the East, where more favorable capital markets have been identified compared to previous loans from Western international creditors.

“It is essential for us to reduce imports because we have many products that can be produced in the Republic of Srpska, but unfortunately, we import them, which is not good because it creates a negative foreign trade balance,” emphasized Zora Vidović, the Minister of Finance of the Republic of Srpska.

As part of the 3rd Investment Conference “Invest Srpska,” tomorrow, a panel on “Local Communities – the Right Place for Investment” will be held, discussing all challenges and opportunities for investment from the perspective of local authorities.