Speeches Shim
Last updated: July 12, 2021
For any business to succeed, it needs qualified and satisfied workers, but this is not a given in the country of Bosnia and Herzegovina, let alone the town of Vlakovo. With assistance from USAID, however, local furniture manufacturer Sinkro managed to develop an educated, productive workforce – that is also happy to stay put, thank you very much.
GRADISKA, BOSNIA AND HERZEGOVINA—A small town of some 50,000 people in northwestern Bosnia and Herzegovina (BiH) opened its door to investors and they noticed: Some of Europe’s biggest companies are looking to invest in Gradiska after it rolled out the industrial zone equivalent of the red carpet – a wastewater treatment plant – and became a certifiably ‘business friendly’ town.
The temptation to shave numbers and shift funds between accounts leads some companies down the dark road of tax evasion year after year. But some countries are making good progress in fighting such corruption, including Bosnia and Herzegovina (BiH).
USAID makes Bosnia attractive to investors, one municipality at a time
Efforts to make small cities in Bosnia and Herzegovina (BiH) ‘business friendly’ seem to be paying off. London-based Financial Times (FT) included such BiH cities in its 2018/19 report ranking the most promising European cities and regions for investors.
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