The effects from subsidizing foreign investments are overwhelmingly positive, says Deputy PM Vladimir Pesevski adding that they should be observed not only in the short-term, but also on the long run and with respect to the entire economic development.

Foreign investments bring something now, but also a lot more in the future, the Deputy PM for economic affairs told reporters Wednesday after meeting with the managers of the Irish software company Barracuda FX in Skopje.

“The fact that an economic growth has been registered as well as an increase in the number of employments speaks volumes about the positive effect from subsidizing foreign investments. The highest increase in jobs at the level of foreign investments in Europe was recorded last year… This shows that the effects are positive,” said Pesevski.

By establishing itself as a target investment destination where foreign companies can operate successfully, Macedonia is already enhancing its position of a destination for foreign investments, according to him. “Gradually, with the establishment of local companies as suppliers, the current positive effects will become even more positive.”