The Chairperson of the Presidency of Bosnia and Herzegovina Dr. Dragan Čović hosts a joint delegation of “Kohlberg Kravis Roberts” (KKR) Company and the European Bank for Reconstruction and Development (EBRD), led by the retired U.S. Army general David Petraeus (26-2-2016) http://www.predsjednistvobih.ba/saop/default.aspx?id=69800&langTag=en-US

STATEMENTS

The Chairperson of the Presidency of Bosnia and Herzegovina Dr. Dragan Čović hosts a joint delegation of “Kohlberg Kravis Roberts” (KKR) Company and the European Bank for Reconstruction and Development (EBRD), led by the retired U.S. Army general David Petraeus

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2/26/2016

The Chairperson of the Presidency of BiH Dr. Dragan Čović held talks with the delegation led by the retired U.S. Army general David Petraeus, the chairperson of one of largest global investment companies Kohlberg Kravis Roberts (KKR), which launched big investment projects on telecommunications and internet services provision in South Eastern Europe.

KKR, as a big U.S. company, invested over 1.5 billion dollars in BiH and several other countries of South Eastern Europe, which is a significant message to other potential investors from Europe and other parts of the world.

In particular, Dr. Čović pointed out the importance of visibility of investment in BiH made by companies such as KKR, and informed general Petraeus and other members of the delegation on BiH's progress on her European path. The interlocutors agreed that, after submission of the application for membership in the EU, new possibilities opened up for an enhanced investment momentum in BiH, which was very much needed at this point.

The importance was underlined of preserving the continuity of the new reform course to the EU because a strong message would be send in that way to investors worldwide that they could have full confidence in BiH, her institutions, and that they could be confident that their investment and capital would be safe here.

General Petraeus and the members of the delegation expressed their great satisfaction because BiH, after a long standstill period, progressed on her European path and, in this sense, they underlined a huge importance of the EU laws for regulation in the areas of competitiveness, investment and business environment. Application of the EU standards in these areas will certainly ensure a better availability, cost-effectiveness, quality and diversity of all modes of internet services. It is hugely important to pursue the developmental trends in the area of digital economy, which brings about resources of increasing importance for young people. It is in this way that young people can develop their business activities within BiH, without having to go abroad.