IRBRS / INVEST SRPSKA Conference Highlights Key Recommendations for Economic Growth

The third investment conference "INVEST SRPSKA," which was held from October 30 to November 1 in Banja Vrućica near Teslić, ended with a summary of numerous recommendations that the Investment and Development Bank of the Republic of Srpska will analyze in detail and present to the public in the form of concrete leaflets in the coming days.

The conference organized by the Investment and Development Bank of Republika Srpska, gathered about 250 participants. What is already visible as one of the conclusions is the need to organize and establish export receivables insurance under the auspices of IRBRS, which in its various application modalities would enable the promotion of domestic exports, as well as the replacement of imports with domestic production. There is a special need for this in the agro-industrial sector, which records certain foreign trade disparities.

There is also a need for more active engagement when it comes to preparing small local communities for more active involvement in the existing processes of preparation, recognition of investment potential, and investment promotion itself. The key role in these processes can certainly be assumed by IRBRS in cooperation with local communities, which have achieved notable results when it comes to work on the promotion and attraction of foreign investors, as well as cooperation with authorities and institutions in the Republic of Srpska.

The conference participants also pointed to the need for additional affirmation of our diaspora, as well as the representative offices of the Republic of Srpska in the world and the DKP network when it comes to work on investment promotion and facilitating the appearance of domestic companies on export markets.

The need to organize events such as the recently held INVEST FORUM in the coming period was also recognized, all with the aim of concretely connecting domestic businessmen with potential partners from abroad and creating prerequisites for the realization of concrete investments in the domestic socio-economic environment.

The conference brought together the most important decision-makers, representatives of local self-government units, business and financial communities of Republika Srpska and the region. Through four panels, we dealt with the topic of increasing investments and developing the export results of the Republic of Srpska. The successes and effects of all previous investment conferences, including the recently held INVEST FORUM, testify to the correctness of our vision and the value of events such as INVEST SRPSKA.