Business in Macedonia, Skopje

EENI Business School & HA University




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Syllabus of the Subject - Doing Business in Macedonia. Skopje (Course, Master).

  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 know the business opportunities in the Macedonian Market
  3. To analyse the trade relations of Macedonia with the country of the student
  4. To know the Macedonian Free Trade Agreements
  5. To develop a business plan for the Macedonian Market

The Subject “Foreign Trade and Business in Macedonia” is part of the following Online Higher Education Programs taught by EENI:
  1. Doctorates: European Business, Global Trade
  2. Masters: Business in Europe, International Business, Foreign Trade
  3. Course: Business in the CEFTA Countries

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

E-learning Courses, Diplomas (Foreign Trade)

The course materials are available in Master in International Business in English + Study Master Doctorate Business in Spanish Macedonia Study, Master in International Business in French Macedoine Masters Foreign Trade in Portuguese Macedónia.

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

EFTA-Macedonia Free Trade Agreement (Course)





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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries
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Description of the Subject: Doing Business in Macedonia

The Republic of Macedonia

  1. Macedonian Capital: Skopje
  2. Official Language of Macedonia: Macedonian
  3. Macedonian 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 of Macedonia: 1992 (Yugoslavia)

Religion in Macedonia: Orthodoxy (Christianity).

  1. Islam: 25%

Macedonia belongs to the Orthodox Economic Area

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 million dollars
    1. Agriculture: 10%
    2. Industry: 25%
    3. Services: 65%
  4. GDP per capita of Macedonia: 4,461 dollars
  5. Currency of Macedonia: Macedonian Denar
  6. Macedonia is an official candidate country for access to the European Union
  7. Macedonia has demonstrated in the recent years a very strong commitment to the 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. The main Macedonian Exports are foods, beverages, tobacco, textiles, manufactures, iron, steel, automotive parts, buses
  2. Top Macedonian exports destinations: Germany (33%), Kosovo, Bulgaria, Greece 4.5%
  3. The main Macedonian Imports are machinery and equipment, cars, chemical products, fuels, food products
  4. The main suppliers of Macedonia are 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. Macedonia-European Union Stabilisation and Accession Agreement (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. Convention Relating to Temporary Admission
  9. United Nations
  10. International Chamber of Commerce
  11. World Bank
  12. World Trade Organisation
  13. Group of States of the European Council Convention against Corruption (GRECO)
  14. Economic Commission for Europe (UNECE)
  15. International Monetary Fund (IMF)
  16. Organisation for Security and Cooperation in Europe (OSCE)
  17. Regional Cooperation Council

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

European Union Enlargement (e-Course)

Central European Initiative (CEI), Course



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