Key Competitive Attractions
Macedonia sits at the crossroads of South Eastern Europe, making it an excellent logistics and distribution centre for European trade.
Key Competitive Advantages:
- Four Technological–Industrial Development Zones (TIDZs)
- Excellent investment opportunities provided by The Public Investment Programme 2009-2011, consisting of 90 ongoing investment projects amounting to approximately €2,492.04 million.
- Excellent opportunities in the sectors of energy, logistics, water, public services, environmental technologies, education, science and health.
- Steady growth in GDP of approximately 5% in the last five years
- Low inflation rate averaging at 2.5%
- Excellent cooperation between fiscal and monetary policy.
- In 2001, Macedonia became the first South Eastern European country to sign the Stabilisation and Association Agreement with the European Union.
- The Republic of Macedonia has entered negotiations with the North Atlantic Treaty Organisation to become a NATO member.
- The energy sector is a key priority, with 70% of Macedonia’s hydro-potential open for investment.
- Foreign investors are entitled to own construction land
Labour Force:
- Well-educated, highly-qualified, available workforce.
- The average gross monthly salary is €430.
- Macedonia enjoys an educational system resembling Western Europe, and excellent technical and higher educational institutions.
- The Macedonian Government has implemented training schemes to assist investors with recruitment.
- The majority of the Macedonian workforce is fluent in English
Infrastructure:
- Two major Pan-European corridors pass through the country – Corridor 8 and Corridor 10.
- Two international airports in Skopje and Ohrid, serve direct flights to Europe’s major cities.
- Easy access to the neighbouring ports of Thessalonica, (100 km from the border) and Durres, (150 km from the border.)
- Modern digital telecommunications infrastructure.
Key sectors:
Major International Companies:
EVN, Mobilkom Austria, Societe Generale T-Home, The National Bank of Greece, Hellenic Bottling Company S.A., Titan Group, Mittal Steel, Duferco, Johnson Matthey, QBE Insurance Group Limited, Johnson Controls.
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