Greater integration of domestic companies in TIRZ

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Government together with the domestic business community and foreign investors is considering opportunities for greater cooperation between them and greater integration of domestic companies in the technological industrial development zones.

The today’s meeting organized by the Ministry of Economy is expected to arise some suggestions that will be considered by the Government.

According to Economy Minister Valon Saracini, no law provides distinction or restriction of domestic and foreign investors and the conditions apply to both foreign and domestic investors.

– The public had the impression that domestic investors do not have the same conditions as foreign investors do and encouraged us to organize such a debate. Our main goal is attracting both domestic and foreign investments, creating new jobs, increasing exports and overall economic growth, Economy Minister said.

He said that as a result of government policies jobs are opened in TIRZ zones, exports is increased and for the first time in recent years finished products with added value are exported from Macedonia.

– Currently 2,600 people work in TIRZ zones, and 3,600 new people will be hired in the near future. We have achieved exports of € 250 million in the first quarter in the zones, compared with last year’s € 126 million for the first quarter there is an increase by 95 percent, Sarachini said.

Minister for Foreign Investments Vele Samak noted that the purpose of the government is to allow more domestic companies to integrate in the long manufacturing processes of foreign investors.

According to the President of the Economic Chamber of Macedonia Branko Azeski there is a misunderstanding for possibilities for using terms for domestic companies in TIRZ.

– Legal ability to enter the domestic companies in TIRZ exists for certain activities. We can not insist Macedonian companies that are well placed in a particular activity, to invest now in high technology. Therefore Macedonian Chamber of Commerce believes that domestic companies should be supported through other mechanisms and thus affecting the equitable position in the market, Azeski said.

Azeski sees the greatest support in increasing the capital of the Macedonian Bank for Development.

The Chambers of Commerce consider that the capitalization of the Macedonian Bank for Development should increase and Guarantee Fund for manufacturing companies that are export- oriented should be set up.

MIA

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