Foreign investments created 11,000 jobs, enabled exports to rise up to billion euros, says Stavreski
- Monday, November 10, 2014 5:21 PM
Skopje, 10 November 2014 (MIA) – The policy of attracting foreign investments in Macedonia, deemed as a significant generator of economic growth and employment, has proven to be the right one. 11,000 jobs have been created in the companies and 950 million euros of exported goods were registered in the first 10 months and the figure of one billion euros of exports from these companies is expected to be surpassed this month.
This was stated Monday by Deputy PM and Finance Minister Zoran Stavreski at a news conference saying the result was “fantastic” allowing Macedonia to export goods in circumstances when external demand was not high in Europe and elsewhere.
“From a long-term point of view, this means that the structure of Macedonia’s economy has been improved as well as the opportunity to export goods having high-level technological value even when there aren’t favourable external conditions,” said Minister Stavreski.
He said he expected the realization of upcoming investments in the zones, including the American ones announced at last week’s business presentation in the United States, to pave the way to increase the production process and create new jobs in an attempt to reduce the unemployment rate, which “is registered at a record-low level of 28.2%.” “However, I think unemployment is still high and efforts need to be made in the future to open new factories and create new jobs.”
There is also potential to boost the integration of local companies into the chain of suppliers for foreign companies, according to Stavreski. Measures and activities will be analyzed allowing local companies to join the chain of suppliers of foreign firms.
The measures include ways to strengthen the culture of entrepreneurship, capacity building in management teams, improve the standardization of products, etc.
This will also enable domestic companies to export on their own in the long run, said FinMin Stavreski. ba/17:13
All Rights Reserved.This material may not be stored, published, broadcast, rewritten or redistributed in any form, except with the prior express permission of Macedonian Information Agency.
- 8:51 PM | EU's Tusk tells Kosovo to improve relations with Serbia
Donald Tusk, president of the European Council, urged Kosovo on Thursday to improve relations with S...
- 8:24 PM | Pompeo becomes U.S. secretary of state as Iran, North Korea issues await
The U.S. Senate confirmed Mike Pompeo as President Donald Trump’s secretary of state on Thursday, pu...
- 8:13 PM | Speaker Xhaferi meets Croatia’s President Grabar-Kitarovic
Parliament Speaker Talat Xhaferi held talks Thursday with Croatian President Kolinda Grabar-Kitarovi...
- 7:26 PM | 70 countries promise new measures against funding of terrorism
Some 70 countries have promised to take new measures to prevent the funding of terrorist organizatio...
- 5:59 PM | Macedonia and Iran pledge to boost trade cooperation
Businessmen from Iran consider Macedonia a gateway to the region and Europe in general. On the other...