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ECONOMIC CHAMBER OF MACEDONIA YOUR FIRST BUSINESS PARTNER IN MACEDONIA 15,000 member-companies participate with: 95 percent in GDP of RM 95 percent of the total number of employees in the economy of RM 98 percent in payment of taxes and contributions towards the state 94 percent in the foreign trade exchange Оrganization Forms 8 Аssociations / 17 Associations 54 Groups 16 Regional Chambers / 5 Regional 3 Joint Chambers 9 Business Councils Foreign Investor Council Offices BUSINESS SERVICES FOR THE MEMBERS OF THE CHAMBER 1. Implementation of ISO 9001, ISO 14000 and HACCP 2. EEN Macedonia 8. Searching offer and demand; 9. Linking of offer and demand; 3. Теnders and Projects; 10. Using and implementation of ecommerce; 4. Information on credit lines in Macedonia; 11. Using of E-market Center and its services; 5. Extracts from Legal provisions; 12. Searching Fairs and Exhibition database; 6. ЕU legislation and ЕU integration; 7. Carry into own offer and demand; 13. Issuing of documents for the business needs, 14. Оrganization of Seminars … Bilateral trade Bilateral trade among Republic of Macedonia and State of Qatar for year 2013 was no more than 1,7 mil. USA$. Exports from RM to Qatar was 544 thousand USA$, mainly for exporting marble, alabaster, travertine… Imports from Qatar were 1,2 mil.USA$, in 2013 mainly for importing polyethylene. FOREIGN INVESTMENT REGIME • Macedonian Constitution guarantees fair treatment of foreign investors • Complete protection of the ownership rights of foreign investors • Republic of Macedonia is member of MIGA (Multilateral Investment Guarantee Agency) • Investment protection treaties with numerous countries • 100% foreign ownership of a company allowed • No restrictions for repatriation of profits Fiscal Benefits • 10% Corporate & Personal income tax (among lowest in Europe) • 0% Tax on retained earnings • Double taxation treaties with many European countries • 0% tax for operation in a Technological Industrial Development Zone • Real estate taxes at 2% - 4% • VAT at 18%, with 5% on specific items • FTAs with EU, EFTA, CEFTA countries; Turkey and the Ukraine; providing access to over 650m customers Investment and Cooperation Opportunities Target Sectors Construction and infrastructure Tobacco Mining Agribusiness and Food Processing Solar panels Cables CONSTRUCTION AND INFRASTRUCTURE The share of the construction value added within the GDP structure varies from 5.1 percent to 7.9 percent in the last years. In the construction industry are registered over 4,541 companies with around 45,000 employees. The equipment, machinery and transport vehicles of the construction companies are mostly from makes MAN, Magirus, Raba, FAP, Kraz, Marini, Rubber, Komatsu, Caterpillar and others, which perform all kinds of facilities successfully and with high quality. Construction companies are designing and building different kinds of facilities from civil engineering (highways, bridges, civil and military airports), from building construction (residential, industrial and public facilities) and from hydro-projects building (dams, tunnels, irrigation systems, water management systems, sewerage systems with clearing up stations, etc.). Construction companies are elaborating expertise and studies, investment programmes, as well as organization of building of complete facilities (engineering) and professional and technical supervising over the construction of investment facilities in the country and abroad Construction companies have gained high references in designing and building of investment works in the countries of Middle East, Russia, Ukraine, Albania, Bulgaria, Germany, Czech Republic, Serbia and Montenegro and in other countries. The building materials production is based over the rich domestic resources of non-metal mineral raw materials such as: marl, gypsum, brick clay, sand, architectonic – decorative stones, (marble, travertine, granite, onyx, etc.) In building materials production, as major capacities could be divided: cement products, gypsum, gypsum-boards, raw gypsum, raw mortars, clay products (solid bricks, all types of hollow blocks, tiles, etc.), bitumen masses and emulsions and bitumen stripes). Nonmetal – mineral raw materials which the Republic of Macedonia posses are raw material base for production of non-metal products such as: feldspar, bentonite, talc, opalescent (volcanic) tuff, quartz, quartzite, fire resistant clays, etc., which are used as fillers or recipe raw materials within the production in many other industrial branches. SOLAR PANNELS Macedonia is mainly importing solar panel equipment 3 Macedonian companies are producing hot water solar equipment AGRICULTURAL PRODUCTION AND FOOD PROCESSING INDUSTRY Agribusiness is one of the fastest growing sectors with more than 10% increase over the past three years •More than 400.000 people make whole or part of their income from agriculture activities •Sector comprises 16% of national GDP, The primary agricultural production and food processing industry participate with over 18 % of the gross domestic product. •For the last three years (2010, 2011 and 2012) there has been an increase of exports for 10,2 % in average. • The total agricultural complex exports is at the average of 240 million US$, and represents about 16-20 % of the total exports of the country. The biggest export items are the tobacco, wine, 297 agricultural enterprises There are 59 installed capacity in the state for processing of 150.000 tons of vegetables, that gives a production of about 35.000 tons of processed vegetables. Dominating products are tomato puree, vegetable stew, ajvar, ketchup, pickled cucumbers, pickled beet, hot peppers, conserved mushrooms, conserved peas, dried vegetables (papers, onions, leeks), frozen vegetables. •192 082 family owned agricultural holdings •EU Standards applied Tobacco production Tobacco growing is on 16.000 – 22.000 ha of land, and produce 30-35.000 tons of raw tobacco annually. The fermentation is undertaken in 8 companies. Of the total of 35.000 tons of tobacco that is produced, over 31 000 tons is exported. MINING SECTOR Government issues concessions for exploitation of all mineral ore Up to 2014 year around 400 concessions have been issued on different locations in Republic of Macedonia . Most exploited ore in RM are marble , feldspad, Zinc, Lead, gold , ore, coal (lignite) and lime CABLE PRODUCTION 3 production capacities , companies 35.000 tons per year This year 2014- first six months – export to EU countries of 30,7 million euros The share of the Electro metal and metal industry value added within the GDP structure is 4,9 percent Economic Chamber of Macedonia Call center (02) 15 0 15 Phone: ++ 389 2 3244000 Fax: ++ 389 2 3244088 E-mail:[email protected] www.mchamber.mk