Doing Business in Macedonia

EENI- School of International Business

Subject - Doing Business in Macedonia. Skopje

  1. Introduction to the Republic of Macedonia (Southeast Europe, Balkans)
  2. The Macedonian Economy
  3. Doing Business in Skopje
  4. The 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 student's country
  4. To know the free trade agreements of Macedonia
  5. To develop a business plan for the Macedonian Market
The subject “Foreign Trade and Business in Macedonia” is studied...
  1. Doctorate: Europe
  2. Professional Master's Program: International Business
  3. Course (e-learning): CEFTA Countries

Macedonia Version of the Doctorate / Master adapted to Macedonian students

Course learning materials in English + Spanish Macedonia French Macedoine Portuguese Europe.

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

Description of the Subject: Doing Business in Macedonia

EFTA-Macedonia Free Trade Agreement

The Republic of Macedonia

  1. Capital: Skopje
  2. Official Language: Macedonian
  3. Area: 25,713 square kilometres
  4. Population: 2.1 millions of people
  5. Type of Government: Parliamentary Republic
  6. Macedonia is a landlocked country
  7. Borders of Macedonia: Albania, Bulgaria, Greece, Kosovo and Serbia
  8. Religion in Macedonia: Orthodoxy (Christianity).
    1. Islam: 25%
  9. Macedonia belongs to the Economic Area of the Orthodox Civilisation
  10. Independence: 1992 (Yugoslavia)

The 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 Rumania or Poland.
  2. Greece is one of the main investors in Macedonia
  3. 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 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 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)



U-EENI University