5/10/2019
SESSION OF THE MANAGING BOARD OF THE FOREIGN INVESTORS COUNCIL - The changes to the Law on financial support of investments were presented

СЕДНИЦА НА УПРАВНИОТ ОДБОР НА СОВЕТОТ НА СТРАНСКИ ИНВЕСТИТОРИ - Презентирани измените на Законот за финансиска поддршка на инвестициите

On May 9, 2019, the minister without portfolio responsible for foreign investments, Zorica Apostolska, had a working meeting with the members of the Managing Board of the Foreign Investors Council within the Economic Chamber of Macedonia at which the changes to the Law on financial support of investments were presented.

Talking about the openness of the Government towards the business community regarding the modelling of the economic policies, the minister Apostolska stated that the Economic Growth Plan is a result of the active and creative dialogue with the representatives of the economy.

СЕДНИЦА НА УПРАВНИОТ ОДБОР НА СОВЕТОТ НА СТРАНСКИ ИНВЕСТИТОРИ - Презентирани измените на Законот за финансиска поддршка на инвестициите

“In this manner we articulated their needs, problems and create a package of the stimulative measures that gave results. In the past year of 2018, we broke all records of foreign direct investments, 624.5 million euros, which is 2.6 times more than the average in the past 8 years. The industry had a growth of 5.4%, which is the highest in the past seven years. The objective of the Law on financial support of investments was exactly this, to support the industrial growth that we now witness”, stated the minister Apostolska in front of the representatives of the Foreign Investors Council within the Economic Chamber of Macedonia.

Talking about the commitments of the Government for the economic growth and development to be put on solid grounds, the minister Apostolska stated that this meeting is in the direction of continuing the already established culture of having regular communication with the business community with the final objective to set a dynamic and sustainable economic system.

“In our dedication to continue these positive trends in the economy, changes to the Law on financial support of investments in the direction of facilitating the administrative procedures for applying for financial support and expanding the scope of the companies that qualify for the measures were introduced. These changes are an answer to the ideas originating from the business sector, of the economic entities for which this Law is created” stated minister Apostolska.

The president of the Foreign Investors Council, Stefan Peter expressed his satisfaction that the changes to the Law on financial support of investments are in the direction of a certain liberalization of the procedure and expanding the application possibilities to a wider scope of interested companies that would be potential beneficiaries of the financial support.

“It is in the interest of all the stakeholders that the changed legal solutions are a result of an activity and creative dialogue with the business community and I believe that this process remains open and will continue in the future”, stated Peter.

СЕДНИЦА НА УПРАВНИОТ ОДБОР НА СОВЕТОТ НА СТРАНСКИ ИНВЕСТИТОРИ - Презентирани измените на Законот за финансиска поддршка на инвестициите

Peter expressed hope that the scope of successful companies will be expanded also in terms of foreign investors in the country that can have access to financial assistance pursuant to this law, which will accelerate the pace of growth of the industrial production and of the economy as a whole and he also stated that they will additionally submit their suggestions for upgrading the existing changes.