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Economic cooperation between Macedonia and Russia on the rise

22. November 2011. | 08:44

Source: MIA

The economic cooperation between the Republic of Macedonia and the Russian Federation slowly but certainly is on the rise. The trade exchange is close to US$600 million for only nine months of this year, Dejan Besliev, director of the Macedonian - Russian Economic Chamber said in the interview with ITAR-TASS.

The economic cooperation between the Republic of Macedonia and the Russian Federation slowly but certainly is on the rise. The trade exchange is close to US$600 million for only nine months of this year, Dejan Besliev, director of the Macedonian - Russian Economic Chamber said in the interview with ITAR-TASS.

- Prior to 2009 crisis, the trade exchange reached overall scope of US$960 million, although the ratio was absolutely in unbalance, Macedonian side participated only with US$30 million export. Afterwards world economic crisis followed which caused huge fall in scope of trade exchange. But in the past two years the cooperation is again on the right track and in just only nine months the trade exchange amounted US$600 million, Besliev said.

He said that inter-governmental commission for trade-economic and scientific-technical cooperation has crucial role in creation of conditions for cooperation.

Besliev said that Macedonia has made significant progress in creation of conditions for attraction of investments.

- Programme for attraction of foreign investments is giving results day after day which leads to increase the number of new investors. We want to encourage potential new investors to consider investing in Macedonia in tourism, wine and agriculture sector, energy and industrial production which has successful tradition in cooperation with Russian partners, Besliev said.

Macedonian-Russian Economic Chamber was formed in 2005. The main difficulties that are facing with are continuous exchange of data with Russian partners in regard to law regulations, business demand and offer by companies in the two countries.

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