INTERNATIONAL BUSINESS PAGES Possibilities of faster and more signifi- cant inflows of foreign capital in the textile, leather and footwear sector are: -Greenfield investments, in factories for fabric finishing, leather process- ing, wool processing and facilities for the production of fashion cloth- ing and shoes of world-renowned brands. -Joint ventures, through the pur- chase of new machines, through the training and recruitment of new workers, and modernization and ex- pansion of existing companies ca- pacities. -Privatization and takeover of exist- ing bankrupt companies with sig- nificant unused production capac- ity and -Establishment of a partnership be- tween domestic and foreign com- panies based on division of busi- ness (domestic companies provide inputs for production, and foreign designs models and determine pro- duction quantities in accordance with the needs and requirements of foreign markets.PREVENT BH d.o.o. “Why Bosnia and Herzegovina? Simply because Bosnia and Herzegovina provides us with a comparative and a competitive edge in the automotive and textile sector. Bosnia and Herzegovina has a cultural position in terms of its industrial culture and experience over the last 100 years, it also holds a major infrastructure advantage, it has its proximity – it’s very close to the European market and therefore we are very close to our customers and that’s one of the pillars of Prevent’s experience with its customers. More- over the favourable tax system provides a unique advantage and a position to international investors and foreign direct investment and its one of the most significant advantages of Bosnia and Herzegovina in attracting for- eign investments. The labour force in Bosnia and Herzegovina is motivated, loyal, it has industrial culture that dates back over several hundred years and most importantly it is price competitive compared to the region. Pre- vent group is one of the clear examples that Bosnia and Herzegovina has the capacity and has the business environment to attract foreign direct investment. Bosnia and Herzegovina is able to attract, keep and provide the base for further expansion of companies and industries within its environ- ment”. - Mr. Almir Jazvin, Managing Director SPORTEK KOTOR VAROS “Last year, we have invested in equipment and facilities more than 3.5 mil- lion KM, and we intend to build a new hall and expand production. Bosnia and Herzegovina has a favourable business environment for investors when it comes to the price of labor. There are options to invest in other types of production, and not just in the footwear industry.“ - Mr. Federico Zeketo, Owner of Sportek Kotor Varos Success StoriesOLIP BOSNA TRAVNIK Some of the successful foreign inves- tors in the textile sector of Bosnia and Herzegovina are:“The facility “Olip - Bosna” in Travnik has employed 1.182 employees directly in production, and indirectly, this Group has 27 smaller facilities, in which another 1.000 employees work. About 97 percent of the footwear produced here goes to the markets of the European Union,United States and Canada.“ - -PREVENT GROUP is the most im- portant international group and member of a global company that employs over 13.000 employees in 36 locations worldwide. Sportek d.o.o. Kotor Varos, (inves- tor Diamant Holding s.r.l. and Diamont s.r.l. from Italy). A Greenfield investment that currently employs close to 2.000 workers. -Olip-Bosna d.o.o . Travnik. Inves- tor Olip Italia Spa Verona. The com- pany currently employs close to 1.300 workers. -Bema d.o.o. Banja Luka is a Slovenian investment in the produc- tion of men’s, women’s, children’s and sports footwear with 1.350 employees in factories.- Mr. Slobodan Borojevic, Managing Director BEMA BANJA LUKA “We currently have more than 1500 employees and also we plan to hire new workers. In the past ten years in the development of production and repair facilities, we invested more than eight million KM. We are proud of the fact that we have grown into very successful company.“ - Mr. Marinko Umicevic, Technical Director -Boxmark d.o.o. Lukavac. Inves- tors Boxmark Leather Holding GmbH from Austria. It is engaged in production of upholstery for auto industry seats and employs 440 workers. -Devic-Tekstil d.o.o. Teslic is a greenfield investment Devic d.o.o. Zagreb. with more than 300 work- ers in Teslic and Srbac. NCM-MARCH 2020 65-FEN BH d.o.o. Lukavac. Investor Fenschlaf System Düsseldorf, Germany, has been operating in BiH since 1997 and employs nearly 300 workers in two shifts. -Dubicotton Kozarska Dubica, a company for the processing of cot- ton and viscose fibers. Production started in 2007. They currently employ over 250 workers.