EU TEACHES MACEDONIA HOW TO ATTRACT FOREIGN INVESTMENTS
admin1 – June 8, 2006 – 2:40pm

Irish experts are going to teach the Government how to attract foreign investments through the project "Technical Assistance to the Ministry of Economy for Improving Macedonia's Investment Climate" funded by the European Union and carried out by the consulting house TDI Group.

The idea for this project is a result of the small volume of foreign capital in Macedonia compared with the rest of the region. In 2004 investments in the ten new member states of the Union topped $20 billion and those in Southeast Europe peaked at almost $11 billion. On the other hand, foreign capital of merely $157 million entered Macedonia.

At the Wednesday promotion of the project Economy Minister Fatmir Besimi said that Macedonia's main priority over the period to come would be a higher economic growth, improved standard of living, new jobs and integration with the EU.