FDI into Bosnia hits record high
» FDI into Bosnia hits record…
Direct foreign investment in Bosnia and Herzegovina reached a record 400 million euros in 2018, an increase of 2.8 per cent compared to 2017.
According to Gordan Milinic, the director of the country’s investment promotion agency FIPA, the amount of FDI is highly satisfactory, not least as last year proved extremely difficult to attract foreign investors due to populist pre-election rhetoric that made many investors question whether their capital would be safe in the country.
A significant amount of investments has already been announced for this year, as well as the implementation of a large number of projects started in 2018.
Montenegro’s EPCG gets loan from Germany’s KfW for hydro plant overhaul
SARAJEVO (Reuters) – Montenegro power utility EPCG EPCG.MOT signed a 33 million euro ($36.5 million) loan deal with German state-owned development bank KfW [KFW.UL] on Wednesday to help fund the overhaul of three turbines at its 307 megawatt (MW) Perucica hydro power plant. The deal is a part of the KfW’s ongoing 80-million-euro Greening Public…
Consultant sought to help launch renewable energy auctions in Kosovo
Author: Balkan Green Energy News The European Bank for Reconstruction and Development (EBRD) has invited expressions of interest in providing it with consultancy services in order support the Government of Kosovo* in developing and implement a competitive scheme for the award of future support to renewable energy generators. The EBRD previously engaged with the Kosovo*…
Montenegro govt endorses concession deal with PM Hydro for HPP construction
PODGORICA (Montenegro), September 6 (SeeNews) – Montenegro’s government has approved a concession agreement with local company PM Hydro for the construction of a 995 kW hydro power plant (HPP), it said on Friday. The project envisages the construction of a hydro power plant on Vranjestica river in Kolasin municipality, which will produce 3.35 GWh of…