14th January 2025, Skopje – Economy is in the focus of the Government of North Macedonia, and over the past 6 months since taking office, maximum efforts have been put to making changes that will bring about predictability for investors and better investment climate, Minister of Finance, Gordana Dimitrieska-Kochoska pointed out during her opening keynotes at this Forum organized by Invisso, previously known as Euromoney, which takes place in Vienna. EBRD’s First Vice President, Jürgen Rigterink, Governor of the Austrian Central Bank and Member of the Governing Council of the European Central Bank, Robert Holzmann, Georgia’s Deputy Minister of Finance, Ekaterine Guntsadze, and Regional Vice President at the International Financial Corporation within the World Bank Group, Alfonso Garcia Mora also delivered opening keynotes thereat.
“During these six months since taking office, we remained focused on both the economy and the necessary changes of relevance to the investors. In the past 7 years, plenty of changes were made as regards the tax policy, and for this reason, we have emphasized the need for a predictable tax policy, a flat tax rate, while also making sure that, as in the previous period, the next 4 years will remain stable without any changes. as important for the companies since this give them an advantage in making their plans” Minister said. She thereby stressed the infrastructure as another significant aspect the Government is concentrated on, all to end of demonstrating results through actions. “We managed to complete the major expressway connecting Skopje to Sofia. Moreover, we are dedicated on finalizing the road section in the western part of the country, from Kichevo to Ohrid, which has been under construction for more than ten years, which completion is expected in the next two years.” “This is highly significant for investors, in particular given the numerous foreign investments in Ohrid region,” Dimitrieska-Kochoska pointed out.
Minister emphasized that significant actions are being taken in the fight against crime and corruption, as well as activities aimed at fiscal consolidation and budget deficit reduction, along with other reforms favourable for the investors.”
“We are fully committed and focused on the economy, and I can promise that substantial results will be delivered in the upcoming period, as already evident, with the GDP growth in the third quarter of 2024 unquestionably speaking in favour thereof. We are also working on reforms that are crucial for both us and investors, implying our efforts to completely change the work concept, which should be based on professionalism,” Minister said.
During her speech, she also touched upon the implementation of reforms related to our country’s EU integration, thereby highlighting that the Reform Agenda is being actively pursued and that the respective assumed obligations will be fulfilled.
“All activities outlined in the Reform Agenda will be completed. “The Loan Agreement is already being prepared, and I would like to hereby underline that we are the first of the five countries from the Western Balkans to fulfill our obligations, which displays our serious commitment thereto” Minister of Finance pointed out.
At the margins of the Forum, Minister Dimitrieska-Kochoska will hold several meetings with investors and representatives from international financial institutions.
The Forum is an annual event, which gathers multi-sector financial market and banking sector professionals, thus providing them with the opportunity to get informed about the latest financial developments, as well as initiate discussions about the financial markets’ trends and the future thereof.
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