The Foreign Investors Council, as an advisory body to the Government of the Republic of Srpska, has established a permanent dialogue between foreign investors and republic institutions with the aim to improve the business environment and increase the volume of foreign investments, the Ministry of Economy and Entrepreneurship said.<\/p>\n
This advisory body has issued recommendations for improving regulations and practices in the Republic of Srpska and identified limiting factors that affect the volume of foreign investments. \u2013 The effects of the Council\u2019s work are not always directly measurable because this body has no executive powers, but rather has influence through recommendations and initiatives, so the Council should be seen as a useful supporting mechanism to the improvement of investment environment \u2013 the relevant Ministry explains.<\/p>\n
Two sessions were held in the second half of last year, which confirms the Council\u2019s active performance of the advisory role in the field of promoting and encouraging foreign investments. \u2013 As the Council discusses current topics, one of the items on the agenda of the upcoming session will be dedicated to analyzing the possibilities to improve cooperation between higher education and the economy, with the aim of strengthening institutional cooperation and connecting the educational system with the needs of the economy and foreign investors \u2013 the Ministry of Economy and Entrepreneurship states.<\/p>\n
It was said that the Foreign Investors Council of the Republic of Srpska was one of the bodies that should contribute to further encouraging investments in Srpska through participation in proposing strategic directions and measures to eliminate limiting factors for foreign investments \/systemic, but also individual\/, and providing recommendations for amendments to regulations that may encourage investment. The Ministry explained that it was particularly important to establish strong cooperation between the local and republic levels with the aim of best possible information exchange and quick responses in implementing the ongoing investments or attracting new investments.<\/p>\n
\u2013 The existence of such a body is of exceptional importance because it ensures constant dialogue between institutions and foreign investors, contributes to the early recognition and removal of obstacles to investments and strengthens the credibility of the Republic of Srpska as an investment destination \u2013 stated the Ministry of Economy and Entrepreneurship. The Republic of Srpska Government appointed the Foreign Investors Council consisting of 19 members at the end of 2021. Council members are representatives of line ministries, all cities of the Republic of Srpska, the Chamber of Commerce of the Republic of Srpska and foreign investors.<\/p>\n
Source: RTRS \u2013 SRNA<\/p>\n
Photo: RTRS<\/p>","protected":false},"excerpt":{"rendered":"
The Foreign Investors Council, as an advisory body to the Government of the Republic of Srpska, has established a permanent dialogue between foreign investors and republic institutions with the aim to improve the business environment and increase the volume of foreign investments, the Ministry of Economy and Entrepreneurship said.\nThis advisory body has issued recommendations for improving regulations and practices in the Republic of Srpska and identified limiting factors<\/p>","protected":false},"author":1,"featured_media":8179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,77],"tags":[],"class_list":["post-8342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vijesti","category-vijesti-republika-srpska"],"yoast_head":"\n