North Macedonia creates a favorable business climate, noticed 2020 Investment Climate Statement released by the US Department of State


Key advantages:

• legal framework for investment in accordance with international standards and equal treatment of foreign and domestic investors
• simplified regulatory framework for large foreign investors operating in the TIDZ

North Macedonia’s NATO membership and receiving an invitation to begin EU accession negotiations will increase the country’s economic growth.
Attracting FDI is one of the government’s main pillars for economic growth and job creation. As a result of competitive labor costs, low taxes, proximity to European automotive manufacturers and government assistance a number of US companies successfully operate in North Macedonia.
The social and economic crisis caused by COVID 19 significantly affects the growth of the Macedonian economy.
The government of the Republic of North Macedonia takes measures and activities for sustainable economic growth and makes projections that by the end of the year there will be greater stabilization of economic parameters in the country.


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