US Lear and Normak Investment Group announced new investment worth 15 million euros

The Director of the Invest North Macedonia, Dejan Pavleski as part of the government team led by the Prime Minister, Zoran Zaev attended the laying of the cornerstone of the new joint investment of the US company Lear and Normak Investment Group in the technological industrial development zone Tetovo. This is the second investment cycle, which amounts to 15 million euros and will create 1000 to 1200 new jobs.

The Chairman of the Board of Directors of Normak Investment Group also attended the ceremony. Lear Corporation is a leading global supplier of automotive seating and electrical distribution systems. All production is intended for export.

“By November 2021, I expect the second phase to be completed and that will mean new 1,000 to 1,200 jobs. We have inspected the permanent factory; it has state-of-the-art technology for cutting leather and canvas. They create high added value products and improve access to financial capital markets. During the Covid pandemic, the company was fully operational, producing and exporting,” said Prime Minister Zoran Zaev.

The Director of the Agency as an Honorary speaker on the “Day of Foreign Direct Investments at the Think Global Conference

Dejan Pavleski, Director of the Agency, today was an Honorary speaker, on the first day of “THE THINK GLOBAL CONFERENCE 2021” of the International Trade Council, FOREIGN DIRECT INVESTMENT DAY. His online presentation title was “Investment and Trade Opportunities” of the country.

In addition to the presentation of the Director for the entire duration of the event, Invest North Macedonia will be present with a virtual booth with opportunities for presentations and meetings in real time, online. Numerous of our domestic, export-oriented companies will also be present and presented.

The Think Global Conference is the largest event in the world for export-oriented companies. With 23,000 C-level participants from 79 countries, this forum is an educational and networking platform where participants can learn about new trends, exchange ideas, tackle the challenges they face and the opportunity to potentially meet. with their next investor, supplier or customer. The Global Conference is attended by companies of all sizes – from Fortune 500 companies and medium-sized companies to small businesses and startups.

For more information please visit the following link: https://thinkglobalconference.org/?fbclid=IwAR1taKvRzMyRKXfLxtvtDTyRPcsICv3yZUT2OwIiLMoXWKEirTTXhMtjW0

Nick’s Balkans announced new brownfield investment

The positive experience of working here and the availability of a skilled workforce is the reason why they decided to expand their business here.

Nick’s Balkans, part of the Swedish brand Nick’s, announced the expansion of their production plant in Bitola, and new brownfield investment in R&D. The investment is worth of €4M, which will create 150 new jobs. It is planned to be realized and to start working by the end of the year.

Nick’s Balkans is present in North Macedonia with production of healthy sweet products since 2017, where the entire production is intended for export. The existing production capacity in Bitola has 60 employees and is a beneficiary of the Government “Financial Support Program”.

Invest North Macedonia continues to maintain contacts and take care for investors in order to achieve mutual benefit, growth and development of companies as well as of the Macedonian economy.

For more information about company, please visit link: https://nicks.se

UNCTAD: Investment Policy Monitor report, 2020

According to the UNCTAD latest Investment Policy Monitor, starting from May to December 2020, 15 countries signed International Investment Agreement (IIA).

The North Macedonia – United Kingdom Partnership, Trade and Cooperation Agreement was signed on 3^rd of December 2020. The Agreement provides a framework for closer political dialogue and increased cooperation on important issues such as the environment, education, and human rights. By signing the Agreement, the UK has reaffirmed its commitment to a close relationship with North Macedonia and to playing a continued positive role in the region.

Get the full report: http://bit.ly/3jwbQ3g

Protection of industrial property rights for greater competitiveness in export markets

The Director of Invest North Macedonia, Dejan Pavleski had a meeting with the Director of the State Office of Industrial Property, Goran Gerasimovski.
They discussed about protection of industrial property rights, one of the most important factors for companies that take into account if they want to invest in a foreign country.
Guided by this, international companies analyze in detail the regulations and conditions for investing in a country. In that direction, in their export strategy, the companies should include industrial property, which increases the competitiveness in the export markets. This is extremely important for domestic companies with export potential because the protection of industrial property is one of the most important elements for the successful functioning of the single European market.
The protection of industrial property, trademark or industrial design enables a favorable market position and loyal customers for their own products and services in foreign markets.

Statistically, countries with strong systems for the protection of industrial property rights attract more foreign investment compared to countries without existing protection regulations. Our country in this area is harmonized with international standards for protection of industrial property rights, providing effective legal protection to companies operating in the country.