NEWS

Invest Macedonia starts with direct cooperation with the World Bank team to implement measures and strengthen the capacities for running a campaign for investment promotion. In this regard, the teams from both sides will discuss and work on the broad framework for planning and implementing a campaign for promotion of investment opportunities in front of potential investors in Macedonia.

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Experts from Invest Macedonia met with senior representatives from the World Bank Team, Armando Heilbronn - Investment Development Leader, William Mut - Senior Investment Policy and Promotion expert, Perica Vrboski - Senior Expert for Investment Promotion and Investment Relationships Macedonia and Marton Kerkapolu - Specialist for investment policy and promotion.

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This cooperation is especially important for better implementation of the concept for attracting FDI, as well as for selecting target sectors on the Macedonian market, identifying the existing resources for investing in Macedonia, recognizing the weaknesses in the process and facilitating it, introducing new principles in work and time frame for realization, assessment of needs for planning and implementation of a campaign for representation before investors, agreeing on a temporary schedule for planning and implementation of field campaigns, as well as the specific support that the World Bank team should undertake during this activity.
This is a great opportunity for the Invest Macedonia team to strengthen their own capacities and opportunities for attracting foreign direct investments as the primary activity of the institution.

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Invest Macedonia presented the investment potentials of Macedonia, as well as the favorable business climate for starting and doing a business in front of a business delegation from Turkey from the Macedonian-Turkish Business Council within the framework of the Foreign Economic Cooperation Committee (DEIK).The business forum was held in the Macedonian Chamber of Commerce.

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Macedonian and Turkish companies presented potential opportunities for cooperation, as well as an opportunity for starting a new business.
Turkish businessmen already target the potential for cooperation in the metal industry and energy, construction, chemical industry, pharmaceuticals and tourism. Turkish companies as investors are present in a significant number in the country in the banking sector, construction, traffic, medicine, tourism.

As a conclusion of the meeting it was pointed out that Macedonia could be the starting point for the development of Turkish businesses and investments in the entire region, also that Turkey is important for Macedonia as the first destination through which it can penetrate the markets in the countries of the Middle East.

In addition to the business meeting, activities are planned as a direct visit to companies with Turkish capital, as well as meetings with government officials in order to increase the cooperation and open new opportunities for connecting companies and businesses between the two countries.

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The total trade between Turkey and Macedonia in 2018 increased by 14.5% compared to 2017. Exports increased by 8.5%, while imports in 2018 increased by 15.9% compared to 2017. Last year, Turkey is the eighth trading partner in the foreign trade of the Republic of Macedonia.

This meeting is the basis for increasing the economic cooperation and encouraging the investment activities between the two countries, besides there are many similarities in the culture and tradition of the countries, hence there is a good basis for deepening another type of cooperation between both countries.

Representatives of the Agency for Foreign Investments and Export Promotion of the Republic of Macedonia, from the Export Promotion Sector, attend the textile fair Pure London origin, starting from 10th to 12th February 2019.

On the second day of the fair, a working meeting was held with the organizers of Pure London origin, which discussed the possibilities for organizing a national stand for textile companies from Macedonia for the next year.

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The meeting was attended by Michael Richardson - manager of Pure London, Myriam Carnot Osborn, Head of Pure Origin and international sales. The meeting highlighted the importance of the UK market with high demand from the countries of our region, so the participation of some of the Macedonian textile companies.

The fair offers great opportunities for exhibitors where they meet a large number of retails, there are more than 60% international buyers who are ready for orders from exhibitors offering CM, CMT, Full business and clothing brands.

Their stands from the closer countries have Serbia, Ukraine, Poland, Romania and Greece.
Held in the heart of London alongside Pure London and Pure Man, Pure Origin will bring together all aspects of fashion sourcing and manufacturing under one spectacular roof at London’s Olympia. A convenient and cost effective way for buyers to meet with UK and international manufacturers.

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Key brands and retailers that visit include: Asos, White Stuff, Victoria Beckham, River Island, JD Sports, Marks & Spencer and Selfridges.

Pure Origin allows buyers, designers and retailers to meet with manufacturers and suppliers from all over the world under one roof at London Olympia, it connects you to the right people and gives you the opportunity to network with industry experts.

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https://www.purelondon.com/

The CEO of Invest Macedonia, Vullnet Ademi and Deputy CEO Sami Rushidi had a meeting with the Deputy CEO of the InvestBulgaria Agency, Ms. Madzide Aleksova, and their other representatives. It was discussed about increasing the economic cooperation between countries, connecting the Macedonian and Bulgarian companies, the conditions for starting and doing a business, interest in various projects, as well as increasing the trade exchange between Macedonia and Bulgaria.

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It was emphasized that Macedonia is an important economic partner of Bulgaria, given the advantages of the Macedonian market for the Bulgarian companies, primarily in the part of low transport costs.We expect our EU membership commitments to cause greater interest in starting and doing a business and increased trade, not only for Bulgarian companies, but also for companies of all EU Member States.The meeting was held after the Macedonian-Bulgarian business forum in Skopje, who was attended by over 50 companies from Bulgaria and a large number of representatives of Macedonian companies.

This Business Forum is the first event after the signing of the Agreement for Friendship, Good Neighborhood and Cooperation between Macedonia and Bulgaria in 2017.

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Eaton Vance Management sees the Republic of Macedonia as one of the most attractive investments in central and eastern Europe, with the former Yugoslav state on track to integrate more with the European Union, Bloomberg reports.

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Macedonia is  ranked on 10th, ahead of all other countries in the region, based on the average of each economy’s ease of doing business scores for the ten topics included in the aggregate ranking. Macedonia also ranked 7th in terms of protecting minority investors.
In comparison, Slovenia is ranked 40th, Kosovo 44th, Serbia 48th, Montenegro 50th, Croatia 58th, Bulgaria 59th, Albania 63rd, Greece 72nd, and Bosnia and Herzegovina 89th.
http://www.worldbank.org/content/dam/doingBusiness/media/Annual-Reports/English/DB2019-report_web-version.pdf
 

The CEO of Invest Macedonia, Mr. Vullnet Ademi visited the fair for the world's most influential companies in the media, entertainment and technology industry which was held from 14th to 18th September in Amsterdam , Netherlands.

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Over 1700 participants from the field of media, entertainment and technology industries took part at the Fair, providing the perfect platform for connecting and building connections between suppliers and customers, to discover the latest trends and technologies, as well as to create innovations and development strategies.

It was visited by over 57,000 visitors, including representatives from the world's most influential media, from over 170 countries through the presence of start-up companies to the top C-Level executives with presentations and briefings on the future of technology and research from leading research and development laboratories.

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The IBC exhibition provides high quality, specially designed presentation that helps visitors quickly and effectively expand their knowledge and understanding of the latest trends, strategies and development of online media, TV and video.

The Agency for Foreign Investments and Export Promotion organized a national stand for the Macedonian textile companies to present the investment potentials of the domestic textile industry at the Munich Apparel Source clothing fair, held from 4 to 6 September in Munich, Germany.
 
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"Macedonia has great potentials in the field of textile industry that we need to present to foreign investors. According to our Plan for activities and the proposal of the business community, Invest Macedonia organizes the presentation of Macedonia as a destination for investments in the textile industry, but also helps connect businesses, thus opening opportunities for new investments and new employments. The Munich Apparel Source fair connects European brands and merchants with clothing manufacturers that maintain high standards in production quality, "said Vullnet Ademi, the CEO of the Agency for Foreign Investments and Export Promotion.
Six domestic textile companies - Eurosolid, Astibo Fashion Group, Kuli, Metas and Albatross - presented their products at the national stand.
At the fair in Munich, around 200 international companies in the textile and fashion industry presented product portfolio and production services related to Cut-Make-Trim (CMT) solutions, high quality production and a complete package of services.
The participation of the textile companies at the fair was also supported by the Swiss Export Support Program (SIPPO) and the Textile Cluster of the Republic of Macedonia.
 
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