The European Perspective: Prospects for SEE Modernization and Harmonization with the EU

Member of the ASA Prevent Group Management Board Ćazim Hamzić said at today's Sarajevo Business Forum (SBF) 2017 that ASA Prevent employed 7000 persons in 15 towns across the country, adding that maintaining stability was their basic business strategy.

"Our profits are always re-invested in improving business and development. As for workforce, it can be an advantage of this region and we do not face challenges in the market in that regard", said Hamzić.

He pointed out that productivity in the region must be at a high level, which was a guarantor of stability itself. According to him, their startup was linked to the growth and vertical integration and knowledge transfer.

He said that the materials they produced were used for products of various industries, such as medical, automotive and furniture industries. He added that they managed to integrate diversity since they supplied many famous brands.

"Today, we are mainly oriented towards Europe to which we export many products. We are also well represented in the US, Asia and North Africa", said Hamzić.

He reiterated that they had a large number of employees whom they worked together with and that positive practice from BiH could be a good example for entire region.

Director of the KfW Office in Sarajevo Matthias Schmidt-Rosen said that it was important to focus on a sector that contributed most to the exports, and that is electricity generation. He added that BiH and the region had suitable areas for electricity generation, while stressing the importance of hydroelectric power plants that run on wind.

He pointed out that they needed a quality support plan, introduction to the technology of wind powered plants and regulations that would regulate this field and ​​environmental protection. According to him, construction of three wind power plants is planned and two of them are under construction now.

He said that some challenges still existed and one of them is obtaining permits, because the permit system should be simplified in the sense of establishing a one-stop shop or reducing the number of institutions that are involved in the process.

 "These issues are established and recognized. I believe that the permitting system and general support will be improved", said Rosen.