The core focus of Macedonia’s government is to continue building a modern and efficient economy by supporting innovation, increasing FDI inflows, raising export levels and driving up productivity. As a company’s production network expands, there are new destinations of investment to help extend its geographical reach and a structured, facts-based approach to pick the best available location for the optimization of its product value chain. Investor weighing a country’s operating conditions and their impact on performance metrics such as lead times, total cost of ownership and the financial bottom line, will agree the skills of the local workforce make a major contribution to productivity and economic success.
MGB – Skopje is a synonym for the industry and business in the Skopje region and wider in the country, as a headquarter of the most successful domestic and foreign companies in the country in a few leading industrial sectors – pharmaceutics, metallurgy, metal processing industry, agribusiness and FMCG, logistic industry, energy industry, retail and wholesale trade, automotive components industry, health industry, IT industry and many others.
With the challenging economic prospects over the next couple of years, MGB will offer many Greenfield and Brownfield opportunities for the potential domestic and foreign investors, many digital electronic services and partnership approach as a efficient and effective way in supporting business community in MGB as well as investor community.
In that direction we can offer the best conditions for potential investors with already turn key infrastructure, excellent infrastructure services in relation to transport, energy, telecommunication, communal services, close to main markets in the region, close to the main ports in Thessaloniki, Durres, Bar and Burgas, and of course many incentives.
There are numerous government-sponsored programs to improve the skills of employees, boost the capability of local suppliers and enhance Macedonia’s proposition to inward investors.
BASIC ECONOMIC INDICATORS FOR REPUBLIC OF MACEDONIA
|
GDP (real growth rates) |
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|
|
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|
2010 |
2011 |
2012 |
2013 |
2014 |
Q1 |
Q2 |
Q3 |
Q4 |
|
2014 |
2014 |
2014 |
2014 |
|||||
|
2,9 |
2,8 |
-0.4* |
2.9* |
/ |
3.9* |
/ |
/ |
/ |
|
Inflation (end of period, on annual base, in %)/1 |
|
|
|
|||||
|
2010 |
2011 |
2012 |
2013 |
2014 |
Q1 |
Q2 |
Q3 |
Q4 |
|
2014 |
2014 |
2014 |
2014 |
|||||
|
3,0 |
2,8 |
4,7 |
1,4 |
/ |
0,2 |
-1,1 |
/ |
/ |
|
Unemployment rate (in %) /2 |
|
|
|
|
|
|
||
|
2010 |
2011 |
2012 |
2013 |
2014 |
Q1 |
Q2 |
Q3 |
Q4 |
|
2014 |
2014 |
2014 |
2014 |
|||||
|
32,0 |
31,4 |
31,0 |
29,0 |
/ |
28,4 |
/ |
/ |
/ |
|
Budget balance (Central budget and Funds budget balance as % of GDP) |
|
|
||||||
|
2010 |
2011 |
2012 |
2013 |
2014 |
Q1 |
Q2 |
Q3 |
Q4 |
|
2014 |
2014 |
2014 |
2014 |
|||||
|
-2,4 |
-2,5 |
-3,9 |
-4,1 |
/ |
/ |
/ |
/ |
/ |
|
Exports (in million of EUR)/6 |
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|
|
|
|
|
||
|
2010 |
2011 |
2012 |
2013 |
2014 |
Q1 |
Q2 |
Q3 |
Q4 |
|
2014 |
2014 |
2014 |
2014 |
|||||
|
2.534,9 |
3.214,9 |
3.124,0 |
3.211,8 |
/ |
814,3 |
906,4 |
/ |
/ |
|
Imports c.i.f. (in million of EUR)/6 |
|
|
|
|
|
|||
|
2010 |
2011 |
2012 |
2013 |
2014 |
Q1 |
Q2 |
Q3 |
Q4 |
|
2014 |
2014 |
2014 |
2014 |
|||||
|
4.137,1 |
5.052,9 |
5.070,6 |
4.968,4 |
/ |
1.240,4 |
1.350,7 |
/ |
/ |
|
Current account balance (as % of GDP)/7,8 |
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|
|
|
|
|||
|
2010 |
2011 |
2012 |
2013 |
2014 |
Q1 |
Q2 |
Q3 |
Q4 |
|
2014 |
2014 |
2014 |
2014 |
|||||
|
-2,0 |
-2,5 |
-3,0 |
-1,9 |
/ |
/ |
/ |
/ |
/ |
|
Gross external debt (as % of GDP)/6 |
Gross external debt (as % of GDP)/6 |
|
||||||
|
2010 |
2011 |
2012 |
2013 |
2014 |
Q1 |
Q2 |
Q3 |
Q4 |
|
2014 |
2014 |
2014 |
2014 |
|||||
|
58,2 |
64,9 |
69,4 |
67,8 |
/ |
/ |
/ |
/ |
/ |
|
*Preliminary data for 2012 and estimated data for 2013 and 2014 (SSO). |
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** The data in Euro for Balance of payments and Gross foreign reserves are available starting from 2003, and for Gross external debt starting from 2004. |
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1/ Up to 1999, according to the retail price index, since 2000, according to the consumer price index. |
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2/ For the period 1993-1995 the unemployment rate published by Statistical Office of the Republic of Macedonia is given, |
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while for the period 1996-2003 the unemployment rate from the Labour force survey of Statistical Office of the Republic of Macedonia is given. |
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6/ The data are in accordance with foreign trade statistics. |
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7/ The data are in accordance with the Balance of Payments and International Investment Position Manual (BPM6). |
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8/ Calculated on the basis of SSO nominal GDP in denars convert in USD (EUR) using average exchange rate. |
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Last update: 12.08.2014 |
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Source: National Bank of Republic of Macedonia |
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MOST SUCCESSIVE PILLARS IN MGB BY CAPITAL IN 2013
|
Company name |
Activity |
Capital 2013 (in 000 euros) |
Employees |
|
TETO |
Energy |
183.129 |
55 |
|
ALKALOID |
Pharmaceutics |
143.181 |
1110 |
|
PIVARA |
Beverages and beer |
85.358 |
293 |
|
MAKSTIL |
Casting Iron |
84.404 |
831 |
|
ARCELOR MITTAL |
Pig Iron, Steel, Ferroalloys |
72.492 |
496 |
|
SKOPSKI LEGURI |
Pig Iron, Steel, Ferroalloys |
66.312 |
167 |
|
VV - TIKVES |
Manufacturing of grape wine |
46.936 |
245 |
|
JSP SKOPJE |
City transport |
37.338 |
1346 |
|
M-6 Svetlana and others |
Engineering consulting |
27.469 |
4 |
|
ELEKTROELEMENT |
Wholesale trade |
23.198 |
187 |
|
FAIR INVEST |
Civil engineering |
21.090 |
|
|
FINE |
Real Estate |
20.900 |
11 |
|
KAM |
Retail Trade |
20.442 |
525 |
|
SKOPJE'S FAIR |
Fair and business events |
19.638 |
15 |
|
SKOVIN |
Manufacturing of grape wine |
19.289 |
123 |
|
KAMFUD |
Real Estate |
18.994 |
4 |
|
KOGEL NORTH |
Heating |
18.959 |
4 |
|
SLAVIA |
Real Estate |
18.632 |
34 |
|
UNITIRES |
Manufacturing of car vehicles |
18.180 |
8 |
|
ROW AND REFIND COMODITIES |
Wholesale trade with metals and metal ore |
16.744 |
2 |
|
FAKOM |
Manufacturing of metal construction |
16.207 |
566 |
|
EVROPA |
FMCG |
15.757 |
393 |
|
WABTEC |
Manufacturing of rail vehicles and locomotives |
15.477 |
278 |
|
REPRO |
Renting and leasing of machines, equipment |
14.732 |
7 |
|
FON |
University education |
14.491 |
230 |
|
PROMES |
Retail Trade with meat and meat products |
13.202 |
346 |
|
RZ USLUGI |
Pipeline transport |
13.064 |
160 |
|
MEGA |
Manufacturing of meat and poultry |
13.011 |
403 |
|
MAKINVEST |
Retail trade |
12.859 |
334 |
|
BALKANMETAL |
Retail trade |
12.816 |
5 |
|
DUROPAK |
Paper industry |
10.230 |
178 |
|
ALKALOID KONS |
Wholesale trade with pharmaceutics |
9.989 |
38 |
|
MAK AUTOSTAR |
Retail trade with car vehicles |
9.924 |
64 |
|
MZT LEARNICA |
Casting Iron |
9.904 |
165 |
|
MA TRUST |
Retail trade with car vehicles |
9.074 |
|
|
LEK |
Wholesale trade with pharmaceutics |
8.894 |
35 |
|
KARAORMAN |
Real Estate |
8.758 |
44 |
Source: Central Register of Republic of Macedonia
MOST SUCCESSIVE PILLARS IN MGB BY EBTDA IN 2013
|
Company name |
Activity |
EBTDA (in 000 euros |
Employees |
|
KAMFUD |
Real estate industry |
14.872 |
4 |
|
PIVARA |
Beverages and Beer Industry |
11.231 |
293 |
|
ALKALOID |
Pharmaceutics Industry |
10.030 |
1110 |
|
KAM |
Retail trade Industry |
5.193 |
525 |
|
KNAUF |
Wholesale Trade Industry - construction materials, sanitary and wood |
3.304 |
16 |
|
ILG INTERNATIONAL |
Manufacturing of motor vehicles |
2.823 |
141 |
|
ALEKS MK |
Entertainment |
1.986 |
95 |
|
BALKAN ENERGY GROUP |
Heating Industry |
1.587 |
157 |
|
VITALIA |
FMCG |
1.479 |
138 |
|
BALKAN METAL |
Wholesale Trade Industry |
1.433 |
5 |
|
LEK |
Wholesale Trade Industry - pharmaceutics products |
1.137 |
35 |
|
UGOTUR |
Catering Industry |
1.012 |
29 |
|
MAK AUTOSTAR |
Retail trade Industry - car vehicles |
989 |
64 |
|
AVT INTERNACIONAL |
Wholesale Trade Industry |
956 |
74 |
|
RAD KOM |
Wholesale Trade Industry - waste and scrap |
765 |
18 |
|
INOVA L.T.D. Zlatko |
Wholesale Trade Industry - construction materials, sanitary and wood |
750 |
16 |
|
VARDARGRADBA |
Hydro construction |
712 |
128 |
|
TORAKS |
Construction |
681 |
118 |
|
NOVIKOM KONSTRUKTOR |
Construction |
656 |
59 |
Source: Central Register of Republic of Macedonia
fax : 00 389 (2) 3215 112
