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Business climate in Macedonia improves.

The business environment in Macedonia has improved via direct interventions in the economic reforms. Economy Minister Fatmir Besimi believes that with the aid of the US donation of 8 million euros significant results were scored in Macedonia's business climate.

Mike Fritz, director of the USAID mission in Macedonia, agrees that the business environment improved yet says a lot more should be done to remove the obstacles that have an effect on the economic growth. At the ceremony on the occasion of the end of the 4-year business environment project, Mr. Fritz stressed there should be higher coordination in the process of attracting foreign investments and in clearing up the role of the administration in order to overcome certain red-tape impediments and delays that investors complain about.

Minister Besimi said the reforms would continue to ensure higher export and higher economic growth.
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Title Annotation:BUSINESS NEWS
Publication:INFOMAC Daily News Service
Geographic Code:4EXMA
Date:Dec 6, 2010
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