Macedonian Government's team, led by Prime Minister Nikola Gruevski, presented Monday In Kaysery the possibilities for investing in the country to representatives of 150 companies.

The macroeconomic stability, low budget deficit, prudent debt management, flat tax, one stop-shop system, regulatory guillotine and other reforms have favorable effect on the business climate in Macedonia, Gruevski said at the presentation.

"Under these activities we have succeeded to attract well-known foreign companies to the Technological-Industrial Developments Zone (TIDZ) in Skopje. Other three are under construction - in Stip, Tetovo and again in Skopje, Gruevski said, elaborating the favorable conditions these zones are offering to foreign investors.

Referring to the country's macroeconomic indicators, as a safeguard of realizing business endeavors, Gruevski mentioned the macroeconomic stability, average inflation rate of 2,5% for the last 10 years, sound public finances policy, which results in "low budget deficit and prudent debt management."  

The PM hailed the excellent Macedonian-Turkish political and economic relations, saying that the bilateral free trade agreement was a significant impetus for bolstering the cooperation.

"If we take into consideration the possibilities that stem from other free trade agreements, it means that those who will invest in Macedonia are to get access to over 650 consumers," Gruevski said.

A large number of Turkish companies are already in Macedonia and their experiences are the best argument that the country has been growing into a rather attractive European business destination for a short period of time, the PM said.

"Your country is not only one of our major allies, but also an important trade partner," Gruevski said, expressing hope for the today's business forum to further boost the economic cooperation between Macedonia and Turkey.

Within the forum, Gruevski held talks with Haci Boydak, Chairman of the Executive Board of Boydak Holding, one of most prominent Turkish companies involved in the spheres of furniture, textile, chemistry, marketing, iron-steel, logistics, energy and informatics. The Macedonian delegation also held meetings with other potential investors.

This evening the possibilities for investing in Macedonia will be presented in Konya.

Turkish investments in Macedonia, which now stand at US$180 million, are expected to reach US$500 million in the upcoming period. Production of automotive components, ICT, agriculture and food processing, business services and outsourcing, pharmaceutical industry and medical devices, energy and renewable energy sources, tourism, building and infrastructure are spheres for possible Turkish investments in Macedonia.