Vienna, Austria (PRWEB) June 15, 2012
Bosnia is a country full of opportunities and natural resources; in order to use them in the most efficient way and in order to attract the needed foreign capital, the past has to be left behind”, the participants in a panel discussion that took place on June, 11, 2012 in the Vienna Hofburg, agreed.
The panel included Ms. Ermina Salkicevic-Dizdarevic, Deputy Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina, Dr. Friedhelm Boschert, President and CEO of Volksbank International and Manuel Mahler-Hutter, Managing Director of Energy Eastern Europe Hydro Power GmbH.
“Economic and political parameters predict a relatively fast recovery from the crisis, that has hit Bosnia anyhow relatively little” remarked Dr. Friedhelm Boschert, CEO of Volksbank International and Honorary Consul of Bosnia and Hercegovina in Austria.
“Hydropower accounts for approximately 45% of the current generation of electricity in Bosnia and Hercegovina, compared to 12% within the European Union. However still only 40% of the economic viable potential is actually used in the country. The growing demand in the region and the integration of the Western Balkan Area in the European Electricity Market will foster additional investment.” contributed Manuel Mahler-Hutter, Director of Energy Eastern Europe Hydropower GmbH
“The young people, that have lived abroad and did not experience the war and the ethnic tensions afterwards directly will be a key driving force of economic prospect of the country” according to Ms. Ermina Salkicevic-Dizdarevic, Deputy Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina