Monday, October 30, 2006

Kanal 5: Macedonia not Suitable for Business Development

Skopje. Macedonia is not an appropriate country for business development, the last United Nations Development Program (UNDP) report on competitiveness reads, the Macedonian Kanal 5 informs.
UNDP experts’ main remarks towards Macedonia are high taxes, underdeveloped private sector, discrepancy with world economic tendencies, and weak functioning of the Government in this direction. The recommendations for quicker economic development include a balanced budget, market enlargement, and export increase. The Macedonian experts call for urgent structural reforms. The local business insists that the Government take severe measures for interest reduction and putting aside resources for budget development.

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