The worldwide economic crisis dried up investment capital around the globe, and Macedonia was no exception during the drought. But now things are beginning to look up again. Between January and April 2011, the total amount of investment from abroad increased to 186.8 million euros. Of the total, 127 million euros were capital stock and reinvested gains, while one third, or 75.5 million euros, entered the country as working capital through inter-company loans. Compared to last year’s total of 221.4 million euros and a meager 145 million euros in 2009, this year already shows a strong trend towards growth.
Some of the investments include:
- Investment by the Turkish company TAV in the air transport and tourism infrastructure. Improved facilities and services will benefit both tourists and Macedonian nationals.
- Construction of four skyscrapers by Dzevair Holding, an investment worth 150 million Euros.
- Opening of a new Eye Clinic in Skopje (which has been completed).
- Opening of a new glue factory in the eastern town of Berovo.
- Possible opening of two additional factories by Shishe Dzam, a Turkish company, for production of plain and automobile glass.
The Macedonian government’s commitment to creating a positive business climate seems to be working. When investors feel safe they are more willing to put significant amounts of capital at risk. A continuation of this trend should stimulate foreign investment and thus considerably improve the local economy.
No comments yet.