British businessmen: Macedonia is good investment destination

The Republic of Macedonia is good investment destination because it offers many benefits to potential investors and good infrastructure, British businessmen assess at the business forum which was held late Tuesday in London where PM Nikola Gruevski presented Macedonia’s investment opportunities.

Representatives of over 100 companies from financial, production, services, information technology and construction sectors attended the forum.

Manager of Thomas Miller Investment Abby Oltangment said that forum provided lot information regarding the investment climate in Macedonia.

The commitment of government officials in attracting foreign investors is obvious. Investment policies for which Prime Minister spoke for the country as Macedonia are excellent and remarkable. From what I have heard it can be said that good investment climate exists, he said.

Class Smith Solbaker, manager of Urban Group, said that Macedonia can offer many interesting investment opportunities, especially in the sphere of banking, investment fund and opening operational offices in Macedonia using the benefits in tax and other spheres. He underlined that Macedonian government provides many interesting advantages to investors but not only this but also good infrastructure which is excellent for business startup.

Gruevski in his address emphasised that Macedonian government is friendly-oriented towards investors and business, Government’s Press Office said in a press release.

We work with investors in order to hear their demands, heir problems and issues that are important to them taking into consideration best experiences abroad we have made many changes not in the legislative but in its applying, we conduct reforms and in this way we are making progress, Gruevski said.

He also referred to macroeconomic indicators which showed stability and growth. Last year we ended last year with GDP growth of 3% which is third largest growth in Europe, this year the GDP in the first six months was 3.9% , the Q1 was around 3.5% and in Q2 was 4.2% whereat the average is 3.9% which is the largest growth in Europe in the past 6 months, he said.

He also underlined Government’s commitment in investments in infrastructure thus emphasizing the construction of three new highways, railroad to Bulgaria and gasification activities.

Deputy PM and Finance Minister Zoran Stavreski, Minister without Portfolio in charge of Attracting Foreign Investments Goran Mickovski and Director of the Directorate for Technological Industrial Development Zones Viktor Mizo also addressed the business forum.

Stavreski said that London business forum is characterized with excellent commitment of companies in England and global companies from different sectors-production, finances, information technology.

It is great satisfaction that companies which already invested in Macedonia are present here and they can speak about their investment experiences in the country which is a good recommendation for those who consider investing in our country. Excellent conditions in tax system, growth, perspectives of Macedonian economy, skilled work force making the country an attractive model for investment for the British investors, Stavreski said.

Minister Mickovski referred to reforms and tax and financial benefits as well as good business climate and opportunities for intensive cooperation and communication of potential investors with government institutions.