FIPA: foreign investments down by 20 per cent

Based on the records of the Foreign Investment Promotion Agency (FIPA), foreigners invested around EUR 177 million in BH is the first three quarters of 2010, which was by 22 per cent less in comparison with the same period of 2009.

Despite this slowdown, it is encouraging that foreigners invested in production the most – 46 per cent of FDI in this period. Furthermore, 22 per cent was invested in shopping centres and ten per cent on the financial sector. Increased FDIs at the annual level were reported for tourism (nine per cent of total FDI) and real estate (six-percent share).

FIPA expects bigger FDI in the following year, based on the implementation of several announced projects.

News source: Limun.hr link: article