Macedonian-UK business cooperation intensifying

Agriculture, construction, financial services, insurance, information technology, road safety and innovation are potential spheres for establishing a new and intensifying the existing Macedonian-UK business cooperation, it was concluded at a forum Tuesday aimed at facilitating links between companies from both countries.

45 Macedonian and 16 UK firms held meetings at the forum, organized by the Macedonian Chambers of Commerce and the British Embassy in Skopje.

Vice PM for economic affairs, Vladimir Pesevski said the cooperation between Macedonia and the UK was bolstering. The Government and the Embassy in particular have been fostering an excellent collaboration thus far.

It was announced that British companies would invest in Macedonia during the visit by Prince Michael of Kent, however details are expected to be revealed upon their launching.

"The Prince Michael of Kent, who has paid a visit to Macedonia recently, held talks with business delegations. Contacts were established then, which are expected to result in concrete investments. In 2011, a business forum was organized in London to present country's investment opportunities and in month's time we will take part at a business forum once again as we plan to visit several cities in Britain. The objective is to enable companies to hold direct talks for cooperation and to boost trade exchange and transfer of knowledge," Pesevski said.

The British Embassy backs the Macedonian Government with several projects, including the Regulatory Impact Assessment (RIA).

"British businessmen are here to inspect the investment and business opportunities offered by Macedonia. It is expected over 100 direct meetings to be held with their Macedonian peers. Increased trade cooperation will benefit both countries," UK Ambassador Christopher Yvon stated.

UK is experiencing an economic growth and export is boosted. "That's why we are here. We are seeking ways to expand on new markets. We want to see what kind of a partner for cooperation is Macedonia," Nick Owen - a British businessmen - said.

Tuesday's event aiming at facilitating links between Macedonian and UK companies is a resumption of last year's UK Chamber to MK Chamber event that established institutional cooperation between nine chambers of commerce from the UK and four chambers from Macedonia.