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15th January 2021, Skopje – Foreign direct investments from Italy in the country amounted to EUR 107 million, however there is potential to further deepen this cooperation. Country manages the COVID-19 crisis well, while under the four set of anti-crisis measures, support has been provided to the business sector and the citizens aimed at overcoming this crisis, as it was pointed out at the meeting between Minister of Finance Fatmir Besimi and the new Italian Ambassador to North Macedonia Andrea Silvestri.

Minister of Finance Besimi introduced the new Ambassador with the economic situation in our country. He underlined that the performance of projected revenues exceeded 99% last year despite the COVID-19 crisis.

Four sets of anti-crisis measures were targeted for companies and citizens affected by COVID-19 crisis, being also aimed at protecting the health of people. The overall sets of anti-crisis measures amounted to around EUR 1,000,000,000 or approximately 10% of our GDP.

As for this year, it was stressed that our economy would get back to the economic growth trajectory, thereby reaching the pre-crisis level next year. What is to be expected this year is a recovery of the investment activity, the consumption and the net foreign demand, with projected growth of 4.1% in 2021 in line with the baseline scenario.

Redesigning of the budget policy and the policies aimed at economic recovery and intensified growth (SmartER Growth) are solid basis for accelerating the economic growth in the coming period, getting the economy back to the pre-crisis trajectory in the second half of 2022 and ensuring accelerated growth in the medium and long run, as pointed out by the Minister.

During the meeting, they both expressed hope for deepening the economic cooperation between the two countries.

Also available in: Macedonian Albanian

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