Home Economy U.S. Ambassador to BiH Maureen Cormack: We want to invest in BiH!

U.S. Ambassador to BiH Maureen Cormack: We want to invest in BiH!


The U.S. Embassy to Bosnia and Herzegovina and the American Chamber of Commerce (AmCham BiH) organized today the conference “U.S. Business Promotion and Networking Forum” in Banjaluka, where they talked about strengthening further cooperation and investments in BiH.

Ambassador of the United States of America to Bosnia and Herzegovina Maureen Cormack pointed out that US investments had a significant impact in BiH and made every effort to attract more investors. Although U.S. firms have invested about $ 250 million in BiH so far, they complain that they are faced with many barriers, such as corruption, non-transparent public procurement procedures and unpredictable fees.

“The U.S. government wants to help investors and exporters to capitalize on the potential of Bosnia and Herzegovina. About $ 200 million has been invested by a major investor over the past three years – KKR, based in the United States, which is as authentic as the owner of Telemach”, Cormack said.

Mayor of Banja Luka, Igor Radojicic, in his speech, emphasized that Banjaluka is an open city for investors, and that the conference is a good sign and a great opportunity for its economic development. He especially thanked USAID and the U.S. Embassy for helping to implement numerous projects.

Particularly important, Radojicic points out, motivates young people to stay in Banjaluka and develop their business ideas here, especially in the IT sector.


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