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Slovenia Business Week no. 07/2005: Automotive Companies Seek Ways to Boost Bosnia-Slovenia Trade

Representatives of 14 automotive and metal companies from Slovenia took part in a business conference in Sarajevo to gather information and look into new business opportunities

Representatives of 14 automotive and metal companies from Slovenia took part in a business conference in Sarajevo on Thursday, 10 February to gather information and look into new business opportunities.

Jozko Cuk, the president of the Chamber of Commerce and Industry (CCIS), said that the chamber wants to boost the ongoing investment process of Slovenian companies in Bosnia-Herzegovina.

The once robust automotive and metal industries in Bosnia-Herzegovina are expecting a revival, and Slovenian automotive companies, which are heavily export-oriented, are looking for new business opportunities, the CCIS said.

Slovenian Ambassador to Bosnia-Herzegovina Tadej Labernik told the businessmen that Bosnia's exports to Slovenia have been growing for the past two years, and the export-import coverage with Slovenia is 33 percent.

Slovenian companies have so far invested 550 million convertible marks (EUR 283m) in Bosnia-Herzegovina, and new investments are expected, Labernik said according to the Bosnian press agency Fena.

Source: Slovene Press Agency STA

Author: STA