Improvement of business climate and competitiveness, political and legal stability and predictable tax policy are key priorities for authorities in BiH if they want to keep and attract investors; it was emphasized at the presentation of the 6th edition of the White Book of the Foreign Investors Council in BiH. In one year, nine billion BAM were invested in BiH and 13.000 people were employed.
“Priorities that would improve the environment are the rule of law, education reforms, legal reform, incentives for investments and employment, and better stimulating tax system. Nearly 70 percent of members intends to reinvest their profit in BiH over the next two years and 80 percent of them has new employment planned,” said the Council president Branimir Muidža.
Muidža emphasized that the Reform Agenda is largely compatible with the recommendations and that they expect the reforms to enter parliamentary procedures and be implemented eventually. Some of them are related to the public administration reform, extension of tax basis, reduction of gray economy, as well as reduction of tax burden on labor and investments.
Prime Minister of FBiH Fadil Novalić called the White Book an important reform document, highlighting that recommendations help the Government to make the FBiH a simpler and more favorable environment for investing, in accordance with their powers.
“GDP increased by 900 million BAM in 18 months. According to the Tax Administration, the number of employed persons increased by 25.000 and for the first time in 20 years the decrease in the number of public administration workers was recorded,” said Novalić.
Prime Minister emphasized that 2015 was the most successful year in the FBiH, when the total turnover increased to 42.5 billion and GDP jumped from 17.880 to 18.900 million.
Participants agreed that a state is as strong as its economy is strong, and in order to make economy successful some key recommendations must be implemented. Each solution must be better than those already existing in laws.
(Source: klix.ba)
