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/// * University of Tuzla, Faculty of Economics, [email protected] ** University of Tuzla, Faculty of Economics, [email protected] *** University of Tuzla, Faculty of Economics, [email protected] /// INSTITUTIONAL MARKETING COMMUNICATIONS IN ROLE OF ATTRACTING FOREIGN DIRECT INVESTMENTS TO BOSNIA AND HERZEGOVINA ABSTRACT The problem frequently faced by companies from transition and developing countries in attraction of Foreign Direct Investments (FDI) is lack of an adequate institutional framework which would adequately promote the potential those companies have through its activities, and with that also influence the attraction of foreign capital. The goal of this paper is to show the necessity of having such institutional framework, as well as institutional marketing communications which, together with other points of attraction of certain location in future, would be significant destination of inflows of FDI. Keywords: JEL classification: 1. INTRODUCTION

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* University of Tuzla, Faculty of Economics, [email protected] ** University of Tuzla, Faculty of Economics, [email protected] *** University of Tuzla, Faculty of Economics, [email protected]

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INSTITUTIONAL MARKETING COMMUNICATIONS IN ROLE OF ATTRACTING FOREIGN DIRECT INVESTMENTS TO BOSNIA AND HERZEGOVINA

ABSTRACT

The problem frequently faced by companies from transition and developing countries in attraction of Foreign Direct Investments (FDI) is lack of an adequate institutional framework which would adequately promote the potential those companies have through its activities, and with that also influence the attraction of foreign capital. The goal of this paper is to show the necessity of having such institutional framework, as well as institutional marketing communications which, together with other points of attraction of certain location in future, would be significant destination of inflows of FDI.

Keywords:

JEL classification:

1. INTRODUCTION

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2. RESEARCH METHODOLOGY

Subject of research:

Hypothesis:

- H1

- H2

- H3

Methods for collection of primary data:

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3. COURSES OF FDI IN BOSNIA AND HERZEGOVINA UNTIL 2010

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No. Country Invested amount %

Source: The Ministry of Foreign Trade and Economic Relations of BiH, www.mvteo.com, December 2010

Source: The Ministry of Foreign Trade and Economic Relations of BiH, www.mvteo.com, December 2010

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�Telekomunikacije Republike Srpske� a.d. Banja Luka

Source: The Ministry of Foreign Trade and Economic Relations of BiH, www.mvteo.com, December 2010

No Company State

investor Foreign investor

Invested amount (in BAM

mn)

Source: The Ministry of Foreign Trade and Economic Relations of BiH, www.mvteo.com, December 2010

Volksbank a.d. Banja Luka, Hypo Alpe Adria Bank d.d. Mostar i Hypo Alpe Adria Bank d.d. Banja Luka.

�M-BL� d.o.o. Banja Luka, �TU�� d.o.o. Sarajevo,

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Merkator BH d.o.o. Sarajevo, Petrol BH Oil Company d.o.o. Sarajevo, �JEL�INGRAD� a.d. Banja Luka, Argeta d.o.o. Sarajevo, CIMOS �TMD aut. ind.� d.o.o. Grada ac and �Cimos TMD Casting� d.o.o. Zenica.

�Arcelor Mittal Holding AG� in �Arcelor Mittal Zenica� d.o.o. Zenica.

4. INSTITUTIONAL FRAMEWORK FOR MARKETING COMMUNICATION OF BOSNIA AND HERZEGOVINA WITH FOREIGN INVESTORS

-

- -

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- -

Foreign Investment Promotion Agency in BiH (FIPA)

-

-

- -

-

-

-

-

-

-

-

-

- -

-

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Foreign Trade Chamber of BiH (FTC)

The Ministry of Foreign Trade and Economic Relations (MFTER)

-

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-

- -

-

-

-

-

-

-

- - -

The Ministry of Foreign Affairs (MVP)

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

-

Privatization Agencies

Krivaja, Agrokomerc, Hepok, Soko, � uro Salaj�

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5. EVALUATION OF EFFICIENCY OF THE INSTITUTIONAL NETWORK OF PROMOTERS

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Source: Created by Authors

Source: Created by Authors

Source: Created by Authors

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Source: Created by Authors

Source: Created by Authors

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Source: Created by Authors

6. CONCLUSION REFERENCES

Books

Foreign Direct Investment: Research Issues

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Journal articles

1. Strani kapital u Bosni i Hercegovini i mogu nost ulaganja (stanje i perspektive) (Foreign capital in BiH and investment possibilities (status and perspectives), Ekonomika,

2. Determinante privrednog sistema za privla enje stranih direktnih investicija u zemljama u tranziciji, Industrija (Determinants of economic system for attraction of foreign direct investments in transition states, Industry),

3. Dinamika stranih direktnih investicija (FDI) na Zapadnom Balkanu sa posebnim osvrtom na BiH (Progress of foreign direct investments (FDI) on Western Balkans with special reviews on BiH) Eonomska revija,

Conference Paper

Uticaj imid�a na vanjskotrgovinske odnose BiH

Website

, www. unctad.org/fdistatistics

www.unctad.org/fdistatistics

Transnational Corporations

and the Infrastructure Challengewww.unctad.org/fdistatistics

Transnational Corporations,

Agriculture Production and Development. www.unctad.org/fdistatistics

www.unctad.org/fdistatistics

Studies, publications, reports

Investor Guide 2007

Strategija promocije�privla enja direktnih stranih investicija u Bosnu i Hercegovinu (Strategy of promotion-attraction of direct foreign investments in BiH)

Informacija o

direktnim stranim ulaganjima u BiH od maja 1994. do 31.12.2009. (Information on

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direct foreign investment in BiH from May 1994 to December 31, 2009)

Marketing aktivnosti u funkciji privla enja stranih direktnih investicija (Marketing activities in function of attraction of foreign direct investments), Master�s thesis, School of economics Sarajevo