Explore the latest trends and forecasts shaping the global economy. Discover the key drivers of economic growth, investment, and market dynamics in the coming years. What do these global economic trends mean for North Macedonia and the region?
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Significant developments are ahead as activity in the Western Balkans is projected to accelerate, with growth reaching 3.7% in 2025 and 3.9% in 2026. North Macedonia, alongside Kosovo, Montenegro, and Serbia, is set to benefit significantly from increased private consumption and investment.
While the euro area’s growth may remain sluggish, the European Commission’s Growth Plan for the Western Balkans presents a transformative opportunity. This initiative could potentially double the size of the region’s economy within a decade, supporting EU accession, boosting infrastructure financing, and enhancing market integration through the Single Euro Payment Area initiative.
At Invest North Macedonia we’re committed to leveraging these opportunities, positioning our country as a key player in this economic expansion.
A significant meeting was held at the Agency for Foreign Investments and Export Promotion with representatives of the Korea Trade-Investment Promotion Agency (KOTRA).
The Director of the Agency, Refik Xhemaili, met with the Director of KOTRA’s office in Sofia, Rhee Dong-Hyun, who is also responsible for North Macedonia. During the meeting, they discussed the opportunities for investing in North Macedonia, highlighting the country’s competitive advantages, including its strategic location and favorable business conditions.
Despite global economic and political challenges, North Macedonia remains an attractive destination for new investments. The meeting concluded with an agreement to strengthen cooperation through the organization of a joint event to showcase investment opportunities. Additionally, it was emphasized that all interested Korean companies can rely on support and partnership in their investment endeavors in the country.
Together towards new investments and economic growth!