Chennai 9th October 2012 (MIA) – Macedonia is fast-growing economy, being located at the crossroad between the East and the West and the North and the South, which facilitate the work of businessmen operating in Macedonia to export goods to any European country.


This is how Vice Prime Minister and Minister of Finance, Zoran Stavreski presented Macedonia as a favourable business destination before the Indian companies at a business forum in Chennai.

– Macedonia is a fast-growing economy compared to other countries in Europe, meaning that we are comparing the country with other European countries having a growth rate of one to two percent. Prior to the crisis, Macedonia registered an average growth rate of 5%-6% and at the same time it coped with the crisis more easily than other European countries. Growth rate in 2010 and 2011 amounted to 3% as a result of the export, increasing by 25% to 30% on annual basis. This is a result of the foreign direct investments i.e. companies that have opened their own businesses in the free economic zones, the Minister said before the Indian businessmen.

He stressed that Macedonia was a candidate country for EU membership, being important for every businessman, since, as he said, it provides a high level of stability and predictability of the legislation, policies and regulations, which are crucial for the business itself.

Chennai, being the fifth Indian city where the Macedonian government delegation presented the country’s investment opportunities before the Indian businessmen in several cities, is one of the economically fastest growing cities in the world and the only city, being ranked in the Forbes “Top Ten Fastest-Growing Cities” list. As for this Indian city with a population of up to 4.7 million inhabitants, there are 24 Indian companies doing business and being worth over US$ 1 billion. It is known as a city famous for the car industry with factories of Hyundai, Renault, Nissan, Ford, BMW, Mitsubishi. IT industry is also well developed.

Tuesday’s presentation was held in cooperation with India’s largest Chamber of Commerce CII – Confederation of Indian Industry.

Investment potentials of Macedonia were also previously presented before the business communities in New Delhi, Bangalore, Trivandrum and Hyderabad.

Government delegation also includes the Minister without portfolio responsible for attracting foreign investments Bill Pavleski and the Director of the Directorate for Technological Industrial Development Zones Viktor Mizo.

Оваа вест е достапна и на: Macedonian

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