Doing Business in Macedonia

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Syllabus of the Subject - Doing Business in Macedonia. Skopje.

  1. Introduction to the Republic of Macedonia (Southeast Europe, Balkans)
  2. Macedonian Economy
  3. Doing Business in Skopje
  4. Macedonian Foreign Trade
  5. Foreign Direct Investment in Macedonia
  6. Access to the Macedonian Market
  7. Business Plan for Macedonia

The objectives of the subject “Doing Business in Macedonia” are the following:

  1. To analyse the Macedonian Economy and Foreign Trade
  2. To evaluate the business opportunities in the Macedonian Market
  3. To analyse the trade relations of Macedonia with the country of the student
  4. To know Macedonia's free trade agreements
  5. To develop a business plan for the Macedonian Market
The Subject (e-learning) “Foreign Trade and Business in Macedonia” is part of the following Higher Education Programs taught by EENI (Business School) and the Hispano-African University of International Business:
  1. Doctorate: Europe
  2. Professional Master's Programs: International Business, Europe
  3. Course (e-learning): Countries of the EFTA

Macedonia Version of the Doctorate / Master adapted to the Macedonian Students

Course learning materials in Higher Education in English + Tertiary Education in Spanish Macedonia Post-secondary Education in French Macedoine Study in Portuguese Macedónia.

  1. Credits of the subject “Doing Business in Macedonia”: 1 ECTS
  2. Duration: one week

Description of the Subject (Online Learning): Doing Business in Macedonia

EFTA-Macedonia Free Trade Agreement (FTA)

The Republic of Macedonia

  1. Capital: Skopje
  2. Official Language: Macedonian
  3. Area: 25,713 square kilometres
  4. Macedonian Population: 2.1 million people
  5. Type of Government: Parliamentary Republic
  6. Macedonia is a landlocked country
  7. Borders of Macedonia: Albania, Bulgaria, Greece, Kosovo and Serbia
  8. Independence: 1992 (Yugoslavia)

Religion in Macedonia: Orthodoxy (Christianity).

  1. Islam: 25%

Macedonia belongs to the Economic Area of the Orthodox Civilisation

Macedonian Economy.

  1. The Republic of Macedonia has experienced one of the highest economic growth rates in Europe with an average of 4% (even during the political crisis) making it comparable to countries like Romania or Poland
  2. Greece is one of the main investors in Macedonia
  3. Macedonian GDP (nominal): 10,198 millions of dollars
    1. Agriculture: 10%
    2. Industry: 25%
    3. Services: 65%
  4. GDP per capita: 4,461 dollars
  5. Currency: Macedonian Denar
  6. Macedonia is an official candidate country for access to the European Union
  7. Macedonia has demonstrated in recent years a very strong commitment to economic reforms, the principles of free trade and regional integration
  8. Macedonia has the best index of economic freedom in the region
  9. Top Macedonian Industries: foods, beverages, textiles, chemical products, iron, steel, cement, energy, pharmaceutical products

Macedonian Foreign Trade.

  1. Main Macedonian Exports: foods, beverages, tobacco, textiles, manufactures, iron, steel, automotive parts, buses
  2. Top Macedonian exports destinations: Germany (33%), Kosovo, Bulgaria, Greece 4.5%
  3. Main Macedonian Imports: machinery and equipment, cars, chemical products, fuels, food products
  4. Main suppliers of Macedonia: Germany (16%), the United Kingdom, Greece, Serbia, Bulgaria, Turkey

International economic relations of Macedonia

Trade Relations European Union-Western Balkans

  1. Central European Free Trade Agreement (CEFTA)
  2. Stabilisation and Accession Agreement Macedonia-European Union (European Union-Western Balkans)
  3. European Union Enlargement
  4. Macedonia-EFTA States Free Trade Agreement
  5. Macedonia-Ukraine Free Trade Agreement
  6. Macedonia-Turkey Free Trade Agreement
  7. Central European Initiative (CEI)
  8. United Nations
  9. International Chamber of Commerce
  10. World Bank
  11. World Trade Organisation
  12. Group of States of the Council of Europe Convention against the corruption (GRECO)
  13. Economic Commission for Europe (UNECE)
  14. International Monetary Fund (IMF)
  15. Organisation for Security and Cooperation in Europe (OSCE)
  16. Regional Cooperation Council

Examples of the subject - Foreign Trade and Business in Macedonia:
Central European Free Trade Agreement (CEFTA)

European Union Enlargement

Central European Initiative (CEI)



(c) EENI- Business School & Hispano-African University of International Business