Fifteen students who have completed their first semester at faculties of technical sciences will be awarded with scholarships from the company Draxlmaier Macedonia. Representatives of the company, the ministry of education and the Skopje University signed Thursday a memorandum of cooperation.

The company's move to award scholarships is a genuine contribution toward producing a workforce that meets the needs of the market, according to Minister of Education and Science Spiro Ristovski.

"A foreign company decides to provide scholarships for the first time," Ristovski said urging other foreign and local companies in Macedonia to follow suit.

The Minister for Foreign Investments, Vele Samak said this was one of the indirect effects from attracting foreign investments.

"One of the direct benefits from foreign investments in Macedonia is the opening of new jobs. Draxlmaier already hires 1,000 people and plans to increase this number to 4,000 in the next 18 months," Samak stated.