by darko
Interview – Dejan Pavleski
Government friendly and proactive relations with investors is the main reason why they dedice to reinvest their profit.
Government friendly and proactive relations with investors is the main reason why they dedice to reinvest their profit.
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
North Macedonia credit rating BB- with stable outlook has been confirmed.
Projected successful economic recovery and stable economic growth by overcoming the shocks caused by the crisis caused by the Covid-19 pandemic.
Stable credit rating is a positive signal for investors and a clear indicator of their confidence in the Government policies. Increased industrial production in December 2020 is a good indicator of economic recovery.
Forecasts for 2021:
The Director of Invest North Macedonia, Dejan Pavleski had a meeting with the Plant Manager of ARC Automotive, Svetislav Smilkov. Current operations and challenges in this period of crisis that companies are facing were discussed at the meeting. The initiative of Invest North Macedonia to create a systemic solution to address issues affecting the work of investors was presented.
“Investor care is one of our priorities. A positive example of a successful company is ARC Automotive, which is currently working on installing a new production line, which will increase the company’s productivity and competitiveness. This will be an opportunity to create new jobs, retain existing workers, increase production and increase export in the automotive industry”, said Pavleski.
The American company ARC Automotive is a manufacturer that produces a complete program of car inflators for car airbags, located in TIDZ 1 Skopje. The total investment worth is €15M. The company is working on installing a new line for production of inflators, and after installation the total investment will exceeded to over €20M. The company currently employs over 400 people. The entire production of the company is intended for export, mainly for the market in Europe and America.
The total production capacity of the company is 2 to 4 million inflators per year. Last year 2.1M inflators were produced.
More information about the company at the following link: http://www.arcautomotive.com/
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 3rd 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
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.