SARAJEVO, February 26 (FENA) – The Chairperson of the Council of Ministers of Bosnia and Herzegovina, Borjana Krišto, participated today via video link in the EBRD’s 10th anniversary summit on investment in the Western Balkans.

In her address, Krišto spoke about the business climate in BiH, benefits for foreign investors and regional projects.

She emphasized that Bosnia and Herzegovina is on the verge of opening negotiations with the EU, and that we are a country that has achieved astonishing progress in improving the business environment over the past year through a strong reform process.

She emphasized that Bosnia and Herzegovina is an open and desirable destination for foreign investments.

Krišto said that the comparative advantages of our country are a convenient geographical position, natural resources and beauty, a tradition of industrial production, a large number of available industrial zones, locations and production facilities, favorable legislation, low taxes, skilled labor, a currency tied to the euro, numerous signed bilateral and regional agreements, the perspective of EU accession and post-investment programs for foreign investors.

She noted that numerous foreign companies operate successfully in Bosnia and Herzegovina through 283 active investment projects, most of which are in the sectors of agriculture and food production, tourism and energy.

Krišto pointed out that BiH recognizes the importance of the green transition as a key element of sustainable development and modernization of the economy, and through active cooperation with partner countries and institutions strives to implement policies and projects aimed at achieving the goals of sustainable development and environmental protection.

At the end of her address, Krišto said that Bosnia and Herzegovina continues to work on achieving its priority goals in regional projects, striving to strengthen regional connectivity, sustainable development and stability of the region, said the Council of Ministers of Bosnia and Herzegovina.