The Cantonal Agency for Investment Promotion and Privatization of Sarajevo Canton (KAIP) and the Hungarian Export Promotion Agency (HEPA) have signed a Memorandum of Cooperation in Budapest, aiming to facilitate and promote investments and strengthen economic ties between Bosnia and Herzegovina and Hungary.
The agreement was signed by Adnan Jašarević, Director of KAIP, and Jenei Gabor, Director of HEPA.
On the occasion, Director Jašarević stated:
“There is significant interest in Sarajevo Canton, particularly in tourism, the IT sector, and energy. Through this agreement, we want to accelerate the implementation of investment projects and activate new opportunities. Investors need encouragement—capital flows where the doors are open. There is no economic growth or prosperity without investment. By creating an institutional framework for cooperation with our partners from the EU, we are sending an important and positive message about our commitment to development and the economy, the business climate in Sarajevo, the opportunities for progress, and the vast potential for investment.”
In addition to signing the Memorandum, Jašarević held a series of meetings with potential investors and business representatives in Budapest, where discussions focused on concrete projects and possible investments.
“We are especially encouraged by the news that the Hungarian government will provide additional financial support to companies that choose to invest in Bosnia and Herzegovina,” Jašarević emphasized.
The Memorandum of Cooperation establishes an institutional framework to enhance bilateral relations, attract investors, and overcome challenges in economic cooperation—serving the interests of both sides. Through this partnership, Sarajevo Canton will further promote its investment potential to Hungarian companies and other EU-based businesses.
With the signing of this agreement, KAIP continues its active engagement with international partners to attract investment and present the development potential of Sarajevo Canton more effectively on the European and global stage.
