Country profile of Republic of Macedonia

Location: Southeast Europe
Area: 25, 713 sq. km
Country code: MK or MKD
Time Zone: GMT/UTC + 1hr
Population: 2,1 million
Languages: Macedonian (official), Albanian, Turkish, Serbian
Government: Parliamentary Democracy
Capital: Skopje (500,000)
Other major cities:Bitola, Tetovo, Kumanovo, Ohrid, Stip
Currency: Macedonian Denar (MKD)
GDP: US$10.6 billion
GDP per capita: US$ 2.243 (State Statistical Office"2003")
Inflation: 2-3% annually
Major tradingpartners: Former Yugoslav republics, Germany, Italy, Austria, Greece, Bulgaria
Dialling code: + 389
Weights and measures: Metric

Good Reasons to Invest in Macedonia

Market Access - Duty-free access to a market of over 650 million people including the EU, Eastern and South European markets and Turkey
Good Strategic Position – At the crossroads of Europe with major pan-European transportation corridors intersecting the country; Corridor 10 (North-South) and Corridor 8 (East-West)
Low Costs – One of the most cost competitive locations in Europe with average monthly gross salaries of approximately 380 Euro
Low Taxes – Corporate Income Tax rate moving down from 15% to 12% in 2007 and 10% in 2008; a ten year tax holiday is available in special Free Economic Zones
Great People – A young (45% under 30), loyal, and educated workforce available (unemployment rate of 37%) with a strong work ethic and excellent industrial relations record
Stable Democracy – A stable political and economic climate within a multi-party parliamentary democratic system and with official EU Candidate Country status
FDI a Top Priority – A new Government elected in July 2006 whose top priority is the attraction of more Foreign Direct Investment (FDI) to Macedonia; open door to two young and dynamic special Cabinet Ministers whose sole responsibility is the attraction of FDI
Negotiable Financial Incentives – An attractive package of support incentives can be negotiated on a case by case basis
Good Infrastructure – Excellent telecommunications system(100%digital), extensive WiFi coverage, motorway standard roads connecting main cities, plentiful supply of power, 10 international airlines serving the capital Skopje
Responsive University System – Universities willing to collaborate with incoming investors in finding ways to meet skills needs
Excellent Linguistic Skills – The major Balkan languages understood in Macedonia with English (widely spoken), French and German being compulsory at primary and secondary level of education
Good Living Environment – Highly attractive living and working conditions with good houses, apartments, hotels and restaurants available at very competitive rates

If you are interested in investing in macedonian textile companies you can obtain the necessary information by contacting us at contact@fashionmk.com or just click here.

Useful links:
www.stat.gov.mk
www.sinf.gov.mk
www.mls.gov.mk
www.finance.gov.mk
www.mtsp.gov.mk
www.economy.gov.mk
www.dtk.gov.mk
www.vlada.mk
www.sobranie.mk