Brčko, 17 October 2015 – Brčko factory for edible oil production BIMAL, a subsidiary of STUDEN Holding, has expressed its readiness for cooperation with foreign investors, with the goal of expanding the scope of investments from Turkey and other countries in the country’s agricultural and food industry.
President of STUDEN Holding Steering Board and BIMAL CEO Ilija Studen points out that the Company is ready to cooperate with investors on expanding the capacities in the oil industry, agriculture and some other projects in the food industry. “Potential investors can gain with us a strong partner with comprehensive knowledge and capacities in industrial production and distribution,” Studen noted.
In June this year STUDEN Holding opened its own distribution company in Turkey, which was followed by the inquiries started coming from other B&H companies that want to sell their products in the Turkish market.
“In a broader sense, opening of our distribution in Turkey does not only secure our companies’ and brands’ direct exit in this market, but also provides an easier access to investors from this country to tap into the huge potential for food production in Bosnia and Herzegovina and a call to give more attention to Bosnia and Herzegovina’s industry” Studen points out but also emphasises that the state of Bosnia and Herzegovina has a key role in attracting new investments.
“If the state were to finally resolve the issue of pointless and damaging red tape and significantly reduce the level of corruption in state bodies, surely it would be easier for investors and the country could flourish economically,” concludes the study.