FOREIGN INVESTORS CALL FOR IMPROVEMENT OF BOSNIA'S INVESTMENT ENVIROMENT

SARAJEVO, Bosnia (December 5,2008) - Foreign investors complained yesterday of long procedures and excess paperwork when registering a business or taking out building and work permits in Bosnia. They also named taxes as one of the areas that need to be reformed to improve Bosnia's investment environment, representatives of the Foreign Investors Council (FIC) said.

The White Book 2008, presented yesterday in the Bosnian capital Sarajevo by the FIC, lists 25 obstacles and proposals to the government for improving conditions to foreign investors in Bosnia.

The FIC members greated changes made at local level, they warned of the urgent reform in three crucial areas mentioned. They are not satisfied with implementation of their proposals from last year’s issue of the White Book.
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