🇬🇧 Opportunities for entrepreneurs and investors in Bosnia and Herzegovina

If you are looking for investment opportunities around the world, this text is about opportunities in Bosnia and Herzegovina. This site has texts with opportunities in other countries and if you follow my profiles on social networks you will have more information of this type, and other information of interest to those who, like you and me, consider the world as home.

One of the options for investors is to seek information on companies that are being privatised in Bosnia and Herzegovina, as these are opportunities open to both citizens and foreigners.

Furthermore, the country offers interesting opportunities in the following sectors.

Agriculture and food processing:

The agricultural sector in Bosnia and Herzegovina offers enormous opportunities for potential investors, based on the following main advantages:

• Abundance of agricultural land - about 50% of agricultural land is uncultivated.
• Favourable weather conditions.
• Availability of skilled and cheap labor and a long tradition in agriculture.
• Educational system developed.
• Bosnia and Herzegovina is a major importer of agricultural and food products.
• Privatisation of state-owned companies.

Automotive industry:

The main reasons for choosing Bosnia and Herzegovina as a destination to invest in their automotive sector are:

• Strategic position: the geographical proximity to the automotive production base in Europe offers foreign investors low distribution costs and punctuality in the delivery of products.
• A long tradition in the supply of auto parts and in the metalworking industry.
• Steady export growth and reliable customers.
• The existence of research and development institutes (six engineering faculties).
• Production quality - ISO and industrial certificates.
• Existence of infrastructures and availability of energy sources.

Energy:

The energy sector is one of the strongest economic sectors in Bosnia and Herzegovina, with a long tradition and enormous potential and opportunities for further development and investment, such as:

• The main primary energy source in Bosnia and Herzegovina is coal (brown coal and lignite) with estimated reserves of 10x109 tons.
• The hydroelectric potential, which is 6,000 MW, is used for only 35%.
• According to the analyses, there is significant potential for wind energy.
• The sources of raw materials for the production of energy from biomass are very favourable, including about 1.5 million m³ of forest residues and residues of the wood industry (wood residues, wood chips and technical wood residues, etc.).
• Opportunities for harnessing geothermal and solar energy are widely available, but have yet to be explored and exploited.
• Preliminary investigations on oil and gas indicate the existence of potential fields in a large number of sites in Bosnia and Herzegovina (reserves are estimated at around 50 million tons of oil).

Forestry:

The most famous natural resource of Bosnia and Herzegovina is wood. 53% of the country is covered by forests, used for wood processing and furniture production.

Forests and forest land in Bosnia and Herzegovina cover an area of ​​2,709,800 hectares.

In addition to wood as a raw material, the country's forest sector has important opportunities for the production of:

• Bioenergy based on forest residues, sawdust and shavings;
• Non-woody / secondary forest products: stone fruit, berries, bark, roots, pine cones, grasses, flowers, medicinal and aromatic herbs, mushrooms;
• Endemic species of plants and animals and much more.

Tourism:

Bosnia and Herzegovina has natural beauties and historical and cultural heritage that largely satisfy the new trends of the travel market, especially the demands of travellers looking for new destinations, adventure and authenticity.

The most promising branches of tourism in Bosnia and Herzegovina are:

• Winter and mountain tourism
• Ecotourism
• Spa tourism
• Cultural and religious tourism
• Sports and adventure tourism
• Maritime tourism

The tourism sector has enormous development potential and all the prerequisites to play a significant role in the country's economy. Therefore, tourism development is recognised as one of the most important priorities of the country's general economic development policy.

Textile and clothing industry:

The proximity of Bosnia and Herzegovina to Western and Eastern European markets is a great advantage.

Why invest in the textile and footwear sector in Bosnia and Herzegovina:

• A long tradition in the production of clothing and footwear
• Good reputation as a supplier in the German and Italian markets
• Low labor costs
• Skills of the workforce in spinning, weaving and knitting
• Proximity to the main world textile markets
• Development of small and medium entrepreneurship

Bosnia and Herzegovina can be a good choice to start your business in a country that offers benefits not found in the place where you live. If your field of interest has not been mentioned in this text, it is worth making a business plan to evaluate its feasibility in Bosnia and Herzegovina or research other countries that offer interesting advantages for what you want to implement, or which, culturally, are more interesting for you, because living in a country where we have no cultural affinities is not a good choice.

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Nycka, the Nomad