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PM Zaev pledges to open North Macedonia’s door wider to Spanish investors

May 12, 2021
in NEWSROOM, POLITICS
Balkans no longer a time bomb, Zaev tells N1
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Prime Minister Zoran Zaev kicked off his official visit to the Kingdom of Spain on Wednesday by holding a meeting with Antonio Garamendi, head of the Spanish Confederation of Business Organisations (CEOE).

During the meeting, which was attended by the Deputy PM for European Affairs Nikola Dimitrov, PM Zaev said that his visit to Spain, among other things, aims to show that North Macedonia opens its doors wider for investors from Spain, the government said in a press release.

Zaev presented the economic program for financial support for foreign direct investment in the country as well as all other benefits such as tax, customs and other relief for foreign companies, adding that North Macedonia has position of a strategic crossroad of the Western Balkans and Southeast Europe represents strategic hub for expanding business at other markets.

“Our economy develops on the principles of the free market and promotes the best European and global standards for doing business. North Macedonia is developing a friendly environment for foreign investments and this is confirmed by dozens of most renowned companies in the world,” Zaev said, noting there’s a potential for Spanish investors to invest in the green digital economy, renewable energy, agriculture and transport infrastructure as favorable areas for cooperation.

Garamendi underlined that they closely monitor the development of North Macedonia, the performance of the business environment in the country and that one of the main reasons for businessmen from this confederation to show interest is due to the stable and predictable economic situation.

Garamendi added that the Confederation of Business Organisations will make a serious contribution to putting North Macedonia on the investment map of Spanish companies, which show interest in investing in infrastructure, renewable energy and water management.

The interlocutors agreed that this meeting comes at a time when serious efforts are being made in both countries for the economic recovery and mobility and economic movements following pandemic-related restrictions, the government said in a press release.

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