The EU4Business project announced the beginning of 34 development projects worth a total of EUR 4.7 million to assist tourism, agri-food and rural development sectors and foster entrepreneurship in Bosnia and Herzegovina, thus contributing to increased competitiveness and job retention and creation.
Statement published on the official website of the EU Office in Bosnia and Herzegovina reads that a total of EUR 10 million worth of EU grants is available under the EU4Business to stimulate the country’s economy and help enterprises, farmers and entrepreneurs save jobs.
In addition, the project helps young entrepreneurs and women to start their own business, and also make new investments in the sector of tourism, rural areas and agriculture to enable local communities in Bosnia and Herzegovina recover more quickly.
“These projects are only the beginning of the EU assistance to the recovery of the affected economy in Bosnia and Herzegovina. I am looking forward to many more projects to come, because only together we can heal the losses and respond properly to the country’s needs”, said Head of the EU Delegation to BiH and EU Special Representative Johann Sattler.
He explained that new projects would focus on the use of new information and communication technologies in agri-production, tourism and employment, severely affected by the coronavirus epidemic.
The 34 projects were selected according to criteria of four Calls for Proposals published in 2019-2020 within the EU4Business project: Development partnerships in tourism, entrepreneurship, farmers and cooperatives engaged in the primary production and SMEs and cooperatives working on adding value to agricultural products and marketing.
More details on each project can be found on the EU4Business interactive map.
EU4Business is the European Union’s project aiming to strengthen Bosnia and Herzegovina’s capacity for economic growth and employment by fostering competitiveness and innovation in selected sectors. The project is jointly implemented by the German Agency for International Cooperation (GIZ), United Nations Development Program (UNDP) and International Labor Organization (ILO), from April 2018 to March 2022.