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Creditworthiness control to reduce the risk.

Reports will be prepared by a well-trained five-member team of observers and will be verified by a three-member board of experts. The registers and official databases of the Central Registry, the National Bank, the Public Revenue Office and the Customs Office will be used, in order to help small and medium-sized companies to operate more successfully

Reducing the risk of accounts receivable, small and medium-sized companies can control their financial condition using global creditworthiness network through the Economic Chamber of Macedonia. Depending on the type of report and data requested, as well as on the deadline, the service price will be in the range between 50 and 150 euro, which depends on the price of foreign data registers contacted and scanned.

"We provide creditworthiness reports to over 12 million companies in 165 countries worldwide. Our goal is to protect the businesses of Macedonian companies and control the condition of the potential business partners from abroad", stated Aneta Trajkovska, Director of the Directorate within the Economic Chamber of Macedonia.

This business association is part of the international chamber network of 10 countries that issue performance certificates for small and medium-sized companies, and 150 domestic companies are listed in this register. That is somewhat proof of company's stability, says Trajkovska, and the Economic Chamber will soon start to alone issue three types of creditworthiness reports.

Reports will be prepared by a well-trained five-member team of observers and will be verified by a three-member board of experts. The registers and official databases of the Central Registry, the National Bank, the Public Revenue Office and the Customs Office will be used, in order to help small and medium-sized companies to operate more successfully, cooperate with quality foreign partners and increase their business transparency, says Trajkovska.

This additional document is expected to facilitate the access to financial assets for small and medium-sized companies that participate with 68% in the domestic GDP, and employ two-thirds of the total number of employees in the country.

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Title Annotation:ECONOMY
Publication:Macedonian Business Monthly
Date:May 1, 2017
Words:328
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