16/05/2023
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Investment opportunities of North Macedonia presented in Abu Dhabi, OAE

The director of Invest North Macedonia Gazmend Abdija during his stay in Abu Dhabi used the opportunity to present the potential of investments in our country to the giant ‘Magna Investment’ from the United Arab Emirates.
‘Magna Investment’ is an investment company that works at the international level and is specialized in the field of foreign investments and the development of large projects. The company has a successful track record of investing in multiple sectors.
The director, Mr. Abdija shared with great pleasure the news that “Magna Investment” showed great interest in investing in our country. They discussed the possibilities for the development of the agricultural sector and also for the creation of new opportunities for economic development in our country.
In such manner, it has been agreed that representatives of ‘Magna Investment’ will visit our country in the near future, in order to do more research and identify specific investment projects. This is an extraordinary opportunity to promote economic development and the creation of new jobs in the agricultural and other sectors.
We work with great commitment to create a favorable investment environment that attracts foreign investors and encourages the development of the agricultural and other sectors. Foreign investments are an important driving force for the growth and modernization of our economy.
12/05/2023
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The Director Gazmend Abdija participated in the Annual Investment Meeting in Abu Dhabi, UAE

The Director of Invest North Macedonia, Gazmend Abdia participated in the Annual Investment Meeting (AIM) in Abu Dhabi, where he was accompanied by Bekri Ajdini, the economic counselor of North Macedonia in Abu Dhabi. This meeting was a valuable opportunity to present the Agency for Foreign Investments and Export Promotion and to present the investment potential of our country on an international level.

          AIM is a great platform to share perspectives, make new contacts, and explore foreign investment opportunities.

The Invest North Macedonia team had the opportunity to meet and talk with industry leaders, finance experts, and successful investors from around the world. The exchange of ideas and information has been a blessing, offering us a tremendous chance to expand our business horizons.

     

During the meetings and panel discussions, the challenges and opportunities of investing in a rapidly changing world were revealed.

We discussed innovation, technology, other innovative sectors, and the potential for investment growth in our country. We have been assured that the Agency for Foreign Investment and Export Promotion in North Macedonia is ready to support foreign investors interested in exploring and investing in our exceptional market.

During the event, Invest North Macedonia held a constructive meeting with representatives from the Abu Dhabi Chamber of Commerce. This meeting was an important opportunity to share ideas and discuss potential cooperation between the business community of our country and business in Abu Dhabi.

Our participation in AIM will help foster new relationships with foreign companies and increase the level of investment in our country.

The Annual Investment Meeting or AIM is a leading investment conference that brings together all types of investors, entrepreneurs and government sectors from all over the globe. Annually held in the United Arab Emirates which serves as a platform for all sectors to have an open discussion of the latest investment trends and opportunities, have an opportunity to exchange ideas and explore potential partnerships. Focusing on emerging markets and growing technologies, Annual Investment Meeting aims to drive innovation and economic growth globally. Part of the key features on this event are keynote speeches, panel discussions and much more sessions as well as opportunity to build valuable network. The Annual Investment Meeting aims to provide attendees insights to wide range of topics including fintech, blockchain, sustainable investing and much more. The Annual Investment Meeting is the avenue for anyone looking to gain competitive edge in today’s rapidly changing investment landscape.

For more information visit: https://www.aimcongress.com/

05/05/2023
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The Director of Invest North Macedonia, Gazmend Abdija met Zef Dedaj, General Director of KIESA

The Director of the Agency for Foreign Investments and Export Promotion in the Republic of North Macedonia, Mr. Gazmend Abdija, met with the General Director of the Kosovo Investment and Enterprise Support Agency (KIESA), Mr. Zef Dedaj.
The meeting was very constructive and they discussed the activities of both agencies, as well as the possibilities for future cooperation.
The director, Abdija, stated that he believes that this is just the beginning of a successful cooperation between the two countries and our two agencies.
During the conversation, the importance of building strong ties between our two countries in the business sphere, especially in food production, was emphasized. In this regard, it has been agreed to organize B2B meetings between our companies and those of Kosovo to help develop business and increase investments.
In addition, the meeting discussed the possibility of signing a Memorandum for cooperation in the near future, with the aim of intensifying the cooperation between two institutions and promoting investments and open business.
25/04/2023
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Financial support measures for investments and competitiveness

Application for granting financial support for investments for investment projects outside technological-industrial development zones and industrial zones managed by the Directorate for Technological Industrial Development Zones is submitted to the Agency for Foreign Investments and Export Promotion.
Beneficiaries of financial support for investments can be business entities that:
  • Have a productive initial investment
  • Achieved an increase in total income from operations in the last year compared to the average of the previous 3 years or for a shorter period if the business entity was registered and started operating in a period shorter than 4 years and
  • The average number of employees in the last year compared to the average of the previous three years was not reduced by more than 5% or for a shorter period if the business entity was registered and started its activity in a period shorter than 4 years.
Application deadline: May 31, 2023
More information at the following link: https://bit.ly/3Lcd7fm

 

06/04/2023
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Investment opportunities were presented to Chinese business delegates

The Director of the Agency for Foreign Investments and Export Promotion of the Republic of North Macedonia, Mr.Gazmend Abdija, met today with Dr. Johny Hon, Chairmen, president of a global group of companies (http://www.global.hk,) led by Mr. Trajche Rushev, head of the economic diplomacy department at the Ministry of Foreign Affairs.

At the working meeting, the Chinese delegates were presented with the favorable business climate in the Republic of North Macedonia and the additional benefits for the investors regulated by the Law on Financial Support of Investments.

The possibility of deepening mutual cooperation and joint presentation of the favorable business climate in the Republic of North Macedonia and investment opportunities to a larger number of Chinese companies was also discussed.

28/12/2022
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A record 45 million euros of state aid has been paid to domestic companies

The Director of the Agency, Bekim Emini, attended the press conference of the Deputy Prime Minister of the Government of the Republic of North Macedonia in charge of economic issues, coordination with the economic departments and investments, Fatmir Bytyqi, about this year’s payment of state aid for investments to companies.

“The establishment of the Economic Growth Plan in 2017 and its realization and success in these 5 years, confirms that this Government knows the right path for economic growth and development of the domestic economy. This year alone, 645 companies have received assistance under the Plan for Economic Growth, which includes the Law on Financial Support of Investments, the Fund for Innovation and Technological Development, and the Law on State Aid Control.

And this year, we will continue to provide strong support to investment companies that improve their competitiveness through new manufacturing processes, the introduction of new technologies, and the creation of higher-paying jobs.

The relationship of support, trust, and partnership grows from year to year, as evidenced by the number of signed contracts with businesses.

We signed 630 contracts between 2017 and 2022, of which 546 are currently active and 84 are completed contracts on various grounds. That is, 69 contracts, or companies, have completed their investment cycles, while 15 have requested amicable termination of the signed contracts.

In 2022, 277 new contracts were signed, by far the highest number since the law was passed.

These are just a few facts that confirm the positive growth trend of companies and increasing their competitiveness, but at the same time a key factor, increasing the confidence of the private sector in the partnership relationship with the Government.

As you can see on the screen behind me, we have a record payment of 23 million euros this year, as well as a record number of companies supported, 410 under the Law on Financial Support of Investments. Since we began this program in 2017, the number of companies as well as the support budget has grown year by year. In comparison to last year, we have a 79% increase in paid financial support this year, from 12.9 million to 23 million euros. The remaining increases are shown in the chart behind me.

This year, 436 requests for payments from businesses have arrived, with 410 of them meeting the conditions and being approved for financial support for investments under the Law on Financial Support for Investments. These companies invested 100 million euros in 2021 and received 23 million euros in state aid.

This is how we collaborate with companies to increase their competitiveness through the introduction of new technologies, new manufacturing processes, overall development, and, of course, the creation of new and better-paying jobs. In the previous year 2021, these companies created 2,000 new jobs, and they employ a total of 27,431 people,” stated Deputy Prime Minister Fatmir Bytyqi at today’s press conference.

More information at the following link: https://vlada.mk/node/31586