A Government team led by Prime Minister Nikola Gruevski will present the opportunities and conditions for investing in the Republic of Macedonia before German businessmen in Munich on Wednesday.

The Macedonian officials will present Government activities towards improvement of the business climate, benefits offered by technological-industrial zones, macroeconomic indicators, targeted projects and sectors, as well as activities for the country's promotion as a good investment destination, MIA reports.

The target sectors where German investments are expected are the automotive industry, ICT, agriculture and food processing, business services, pharmaceutical industry, energy and renewable energy sources, construction, tourism and infrastructure.

German foreign direct investments up to 2010 amount to EUR 71 million, i.e. approximately three percent of the total FDIs in Macedonia, mainly through privatization and post-privatization of textile industry, metal-processing industry and transport.

Germany is one of Macedonia's most significant trading partners, topping the list in 2010 with regards to bilateral trade exchange. Total exchange in 2011 amounts to US$ 1,1 billion with surplus on the Macedonian side.

Macedonia's investment opportunities will also be presented at a business forum in Dusseldorf.

Prime Minister Nikola Gruevski met late Tuesday with Bavaria's State Minister for European and Federal Affairs, Emilia Mueller, whereas a meeting with Rainer Lindner, Executive Director of the Committee on Eastern European Economic Relations is scheduled on Thursday.

PM Gruevski is accompanied by Vice Premier for European Affairs Vladimir Pesevski, Minister for Foreign Investments Vele Samak, director of Agency for Foreign Investments and Export Promotion Visar Fida, and director of the Directorate for Technological Industrial Development Zones, Viktor Mizo.