Investment climate significantly improved, Gruevski tells Stuttgart forum

Macroeconomic stability, low doing business costs, debt and taxes, benefits of technological-industrial zones, access to a large market through the signed free trade agreements, proper functioning of institutions, as well as Government's support to investing companies are some of the benefits that Nikola Gruevski presented Thursday to investors at a business forum in Stuttgart, organized in cooperation with The Financial Times.

Gruevski said Macedonia was competitive not only because of its taxes, but also low customs duties, social contributions, energy, logistics, and conditions in economic zones.

"Three industrial zones are already operational, with 14 planned in total. The land is leased under favorable conditions and symbolic prices for a period of 99 years. The Government takes part in the construction costs, depending on the number of new jobs and size of investment", he added.

Gruevski said Macedonia had a qualified workforce and young educated individuals.

"We have undertaken series of reforms and we are investing in the education, which is acknowledged by the youth", he stressed.

Vice Premier and Finance Minister Zoran Stavreski said infrastructure is also important for investors.

"This year we have launched the construction of two motorways in the country's west and east, thus improving transport and logistics, and we have also started the construction of the railway towards Bulgaria", underlined Stavreski.

Germany is Macedonia's third-largest investor and its primary trading partner.