PM Gruevski announces three new investments, 4,000 jobs

Two U.S. and one German company have passed internal decisions over the construction of factories for automotive parts or cables, set to be located in Tetovo, Struga and Skopje, announced Prime Minister Nikola Gruevski after putting into use reconstructed road section Rastak-Cresevo on Saturday.

"The three factories will open 4,000 jobs, of which 2,000 in Tetovo, about 1,500 in Struga, and up to 500 in the one near Skopje", said Gruevski.

According to him, Macedonia has already become increasingly attractive for foreign investors, since business conditions are improving, but also due to the state's aggressive approach at the foreign market with regards to its promotion.

Gruevski stressed a call for construction of a Kavadarci-based factory for automotive cables, employing 4,000 people over a period of several years, has already been released.

"Besides the announcement of a Belgian company that will manufacture buses in the free economic zone near Skopje, along with the announcement of 2,200 new jobs in a new mall in Karpos municipality, there are also announcements by other companies, including a Japanese-Italian investment of a plant for automotive parts", he added.

He said a British company has already passed an internal decision over the construction of a plant for automotive parts near Skopje, an investment worth about EUR 60 million, along with an announcement for construction of a plant in the chemical industry near Struga.

Gruevski emphasized that Macedonia might have the lowest taxes and most favorable conditions, but this would not reach the investors without proper promotion.

"We are doing this through international media, continual campaigns over the benefits of investing in Macedonia, promoters in about 30 countries, road-shows of government teams in numerous countries, as well as series of other activities involving embassies, diplomatic and consular offices, etc", underlined PM Gruevski.