PRINCE MICHAEL OF KENT ANNOUNCES NEW BRITISH INVESTMENTS IN MACEDONIA
admin1 – February 2, 2012 – 1:46pm

Establishing two funds, agricultural and investment, of approximately 100 million euros are the initial results of the visit of the high-ranking business delegation from the United Kingdom led by Prince Michael of Kent, who believes that most attractive sectors to British investors are mining, tourism, hotels, financial services, infrastructure and water and waste management.

According to a representative of the British Business Group, which organized the visit of the Prince to Macedonia, the initial value of the agricultural fund would be 50 million euros to be used for investments in agriculture in Macedonia, Kosovo and Albania. The appeal of agriculture to British investors rest in the fact that in the region prices of agricultural products are lower than the European Union, the products are of high quality, the legislation has been harmonized and the nearness of the market is also helpful.  They say there is also serious interest in making investments in the ski centers Mavrovo and Popova Sapka.

In Macedonia, significant British investments at the moment are the tobacco company Tutunski kombinat Skopje, Mittal Steel and Johnson Matthey. The British business owners announced new investments and said they would soon visit Macedonia again to finalize their investment decisions.