Although German companies in the country think the current business situation is worse compared to the previous years and expect no changes in terms of export of goods, yet almost 70 percent would invest here again, shows the latest poll of the Delegation of German Industry and Commerce.
The members of the Macedonian-German business association once again pointed out issues involving rule of law and also political issues, it said in a press release Thursday.
The findings, according to the Delegation, are not surprising.
As little as eight percent of the respondents deem their business situation as good (2019: 29%), and it is satisfactory for 53 percent (2019: 61%), says Patrick Martens, Chief Executive of the Delegation of German Industry and Commerce.
Expectations in terms of export are also worse compared to 2019, according to him. “Of those, only 34% assume that export of their goods and services will improve compared to the previous years (2019: 51%. 40 percent don’t expect any changes regarding the export of goods this year, whereas 26 percent assume that export of their goods and services will drop,” says Martens
He says the dialogue with the North Macedonia government will continue to improve business conditions.
“We’ll continue to have a dialogue with the Macedonian government to improve these conditions in the country. Almost 70 percent of the investors would invest again despite already having invested in North Macedonia. It’s solid foundation to further develop the German-Macedonian business ties,” Martens says.
The delegation of German businessmen in North Macedonia has been conducting a poll since 2006 to rate the country as an investment destination. This year, the poll was carried out from March 1 through April 14.