THROUGH JOINT COOPERATION TO CREATE CLEAR RULES OF THE GAME TO STRENGTHEN MUTUAL TRUST AND ENCOURAGE NEW INVESTMENTS
➢ News (01.07.2021, во 09:54:07)
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THROUGH JOINT COOPERATION TO CREATE CLEAR RULES OF THE GAME TO STRENGTHEN MUTUAL TRUST AND ENCOURAGE NEW INVESTMENTS

The Directorate for TIDZ in partnership with the  Foreign Investors Council and the Association of Foreign Companies with technologicaly advanced production, with today's panel discussion on "Clear rules and definitions for eligible investment costs and more efficient system for payment and monitoring of state aid", begins the series debates with the business community aimed at improving the services and business climate for investing in N.Macedonia.

"We are introducing a new system for improving relations with investors. We want to reach a solution through an open process of conversation for all the practical challenges we face but also to use what exists as potential to improve services. "Today we are talking about a specific topic - using and monitoring state aid and defining eligible costs, which will strengthen mutual trust and encourage the improvement of the business climate by setting Northern Macedonia as a serious investment destination," said Jovan Despotovski, director of TIDZ. He stressed that the goal is to introduce a protection mechanism for companies, but also for the state, and that this should result in guidance that will be applied to companies outside the zones. Our ambition is that what we are discussing today should continue to apply to companies outside the zones. "This is a real pioneering step in the direction that we want to be reflected in all other elements of granting state aid," said Despotovski.

Stefan Peter, President of the Foreign Investors Council, welcomed the initiative for such an open debate. "We can all agree that foreign direct investment is important for every country, especially for a small country like North Macedonia." They bring fresh capital, employment, education, technology transfer. All countries compete in attracting foreign investment. In the Council alone, we now have 130 foreign companies with a turnover of 5 billion euros and employ 50,000 people. "That is why I think we can and must always improve things in order to improve the system, to have more flexibility and to have a development that can be predictable," said Peter.

The President of the Association of Foreign Companies with Technologicaly Advanced Production, Viktor Mizo, stressed the need for more frequent updating of this guideline, which regulates eligible costs.

Vlatko Stojanovski
Associate at the organizational unit for development, innovation, and knowledge