Analysis 13 Feb 17

Macedonia Pays Dear to Lure Foreign Investors

Macedonia spent at least 150 million euros on attracting foreign investments over the last decade, a study of budget bills shows – over half the value of the investments that the country attracted.

Aleksandar Janev
BIRN
Skopje
The industrial development zone near Skopje. Photo: MIA

The authorities in Macedonia in the last ten years have spent at least 148.7 million euros on attracting foreign investment, FDI, and on marketing, promoting and constructing technological industrial development zones.

This is the figure that emerges from a detailed search of all the final bills of Macedonia’s national budgets from 2007 to 2015. The data for 2016 were obtained from the last budget rebalance for that year.

The search using the key words “foreign investments” revealed that most of the money has been spent via two key institutions set up for this purpose.

These are the Agency for Foreign Investments and Promotion of Exports and the Directorate for Technological Industrial Development Zones, DTIRZ.

Subscribe to Balkan Insight Premium to read the full article.

Please login to your account below if you are already a Premium Subscriber.

Buy Premium Subscription

Our Premium Service gives you full access to all content published on BalkanInsight.com, including analyses, investigations, comments, interviews and more. Choose your subscription today and get unparalleled in-depth coverage of the Western Balkans.

Buy Premium Subscription

If you have trouble logging in or any other questions regarding you account, please contact us

Talk about it!

blog comments powered by Disqus

Premium Selection

poison-gas-the-bosnian-war-s-forgotten-weapon-07-27-2017
27 Jul 17

Poison Gas: The Bosnian War’s Forgotten Weapon

Poison gas and other toxic chemicals were used dozens of times during the Bosnian conflict to torture and murder prisoners, but almost no one has been held directly responsible in court.

bosnian-hostel-tells-story-of-assassination-that-changed-world-07-26-2017
27 Jul 17

Bosnian Hostel Tells Story of Assassination that Changed World

A stay at an unusual hostel in Sarajevo takes visitors back to the event in 1914 that put the city on the map and unleashed the First World War.

27 Jul 17

Busting Myths About Russia’s Balkan Designs

24 Jul 17

The Many Charms of Serbia's Valjevo

24 Jul 17

The Srebrenica Refugee Camp that Never Closed

20 Jul 17

Serbia in Two Minds Over New IMF Deal