The Director of Invest North Macedonia Mr.Bekim Emini met with Director of Albanian Investment Development Agency (AIDA), Mr. Sokol Nano and Director of Kosovo Investment and Enterprise Agency (KIESA), Mr.Zef Dedaj.
The meeting was held in the context of conceptual presentation and the promotion of inter-institutional cooperation. During the meeting, the representatives discussed their differences and potential for collaboration. At the meeting’s conclusion, it was agreed to work on signing a future cooperation agreement.
The Agency for Foreign Investments and Export Promotion yesterday within the Terra Auditorium, one of the five thematic auditoriums at the fair organized a business event “North Macedonia Opportunities in travel, trade and tourism” at the world’s largest event EXPO 2020 Dubai.
The event was opened by the Director of Invest North Macedonia, Bekim Emini, who discussed the benefits of investing in the country, with a focus on the target sectors and export potentials of domestic companies.
The export capacities of our country were presented in two special sessions of the forum, with special emphasis on the fast growing industries – ICT sector and agribusiness as well as the tourism potentials and opportunities of North Macedonia for tourism development in all four seasons of the year.
The event was attended by the Ambassador of the Republic of North Macedonia to the UAE, H.E. Abdulkadar Memedi and Bekri Ajdini, Commissioner General for EXPO 2020 Dubai and Economic Counselor, representatives for the Dubai and Abu Dhabi Chambers of Commerce, as well as representatives from the Dubai food and IT industries.
North Macedonia’s participation in EXPO 2020 Dubai aims to increase the country’s visibility in the Middle East region and globally, as well as to create a network of business contacts and opportunities to expand economic cooperation with Eastern countries and beyond.
Invest North Macedonia, within the Expo 2020 Dubai will organize the conference “North Macedonia opportunities in travel, trade and investments” on 14 January 2022.The event will be held at the TERRA AUDITORIUM, one of the five main thematic auditoriums of the EXPO and will be in the form of three panel discussions: Investment opportunities; Trade opportunities; and Tourism – potentials and opportunities.
What is the role of Invest North Macedonia in supporting the Macedonian textile companies?
Six domestic from textile industry Zlatex, Eurosolid, Eurojeans, Lars, Albatros, and Textile Solutions for the first time with InvestNorthMacedonia support participated in the A+A – International Trade Fair and Congress fair for security, protection and Health in Dusseldorf, Germany. Participation at the fair was also supported by the Swiss Import Promotion Programme (SIPPO) and the Textile Cluster.
“About 60 textile companies use the benefits of the Law on Financial Support of Investments for new capital investments, construction of new halls and facilities. Starting from this year, we have enabled the installation of photovoltaics in order to produce electricity from our own sources. So, the benefits are here and the companies recognize them”, stated director Dejan Pavleski. “Our goal is to create a national brand that will be able to perform with greater capacity with its own, branded clothing, not only in our country, because our market is small, but to try to perform in one of the larger, above all European markets.” Using opportunities for online sales especially in the textile sector is our second goal” said Pavleski.
Energy, mining, tourism, agriculture and ecology are the areas in which there is great potential for intensifying economic cooperation between Poland and North Macedonia. The two countries have no open issues, and their good political relations are an excellent basis for strengthening business relations, it was concluded at the Polish-Macedonian Business Forum.
The Forum was held on 19th November as a part of the Polish President Andrzej Duda’s official visit to the country, and was opened by the President of North Macedonia H.E Stevo Pendarovski and President of Poland, H.E. Andrzej Duda.
We have traditionally good relations with Poland and the Polish people, and there are no open issues between the two countries, only open opportunities. We must not wait for better time to start the cooperation. “Better times will come if we start cooperating sooner”, Pendarovski said in his address.
He urges businessmen to use the signing of the Memorandum and focus on achieving its goals.
I am glad that some important Polish companies are already are presented into the Macedonian market. Today we will take another important step in this direction. The Memorandum of Understanding will enable dynamics in the cooperation. I expect the business communities of the two countries to us this opportunity” said President Pendarovski. He also referred to the benefits and underlined that in addition to the Agreement for avoidance of double taxation, we also have an Agreement for mutual protection of investments. The Chamber of Commerce of North Macedonia and the Polish Chamber of Commerce nurture long-term formal cooperation.
The President of the Republic of Poland, Andrzej Duda also stated that North Macedonia offers excellent investment opportunities, and the potential for intensifying cooperation between the two countries is great. This confirms the growth of trade in the recent years, especially last year in the time of Covid crisis, when many bilateral cooperation, as Duda pointed out, either decreased or even stopped altogether.
“I am happy with the quality of the economic relations. Our exchange is growing, but I see a great potential for strengthening cooperation. The trade exchange last year was 397 million euros, which is 5.3% more than in 2019”, stated President Duda.
He also said that the Macedonian economy is the most competitive in the region. North Macedonia is a perfect place for foreign investment given the facilities and great support. The investment support program includes direct subsidies, tax breaks and access to infrastructure, said the Polish president, noting that energy, mining, tourism, agriculture and the environment are the areas where there is a greatest potential for co-operation. Poland and North Macedonia face common challenges, especially in terms of energy transformation, a condition they need to meet in terms of EU membership.
Invest North Macedonia director, Dejan Pavleski and Chairman of the Polish Investment & Trade Agency, Krzysztof Drynda during the forum signed Memorandum of Understanding between both Agencies.
We do not have significant Polish investments. With signing of this Memorandum we want to encourage business for bigger, but also more balanced trade exchange, by placing more of our products there, as well as to encourage investment companies in both countries. “Our trade in recent years has increased significantly and takes place at a level of about 300 million euros per year, but Macedonian exports compared to Polish imports are four times lower”, said Pavleski.
We want to work together for greater competitiveness in the region because today the global market is difficult to attract. We are looking for some kind of synergy and we are sure that together we will succeed. Our trade has more than quadrupled since 2015 which is very important and impressive. “We want to sit down together and see what we can do for our regions, for the Polish and Macedonian economy”, stated Krzysztof Drynda.
During the visit of the President of Poland Andrzej Duda to the country, a Macedonian-Polish business forum was held at which representatives of companies from both countries will consider the possibilities for intensifying economic cooperation.
Presidents Stevo Pendarovski and Andrzej Duda addressed the business forum, after which a Memorandum of Understanding was signed between the organizer of the event, Invest North Macedonia, and the Poland Investment & Trade Agency.
The Memorandum was signed by the director Dejan Pavleski and Krzysztof Drynda, director of the Agency for Investments and Trade of Poland. The purpose of the forum is to improve and strengthen the cooperation of companies from both countries, for which attendees will have the opportunity after the official part of B2B meetings, networking and presentations.
