9 Business Newsletter 06.2011
Transcription
9 Business Newsletter 06.2011
No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs Economic NewsLetter Netherlands Embassy Macedonia The Economic NewsLetter of the Embassy of the Kingdom of the Netherlands in Skopje offers you thirteen pages of news, bringing the Dutch and Macedonian business community closer together. NEXT BUSINESS NETWORK EVENT Thursday 23 June 2011, 19h00 Restaurant MARGER, City Park Skopje Contents Embassy News Business Network Event: Farewell Ambassador Forum Doing Business with Macedonia Stand Out in a Crowd, Add a Dutch Touch Third Mavrovo Tour Bigger than Ever Dutch Atradius to Assist MBDP on Factoring Statistics Granted Patents Interview Reinforcements for Construction Industry Business News First Flight Corendon to Macedonia UNCTAD Investment Policy Review Cooperatives in Agriculture Short News Telecom Turnover - More Foreign Tourists Decreasing Inflation - Previous Editions Colofon Note: logos and blue text are hyperlinks to websites! Dear friends, It has been nearly four years since I landed in Macedonia. Time went by very fast. One of the reasons is that we have worked hard together to boost trade and business relations between our countries. This very Business News Letter is a result of our efforts, as is the Business Network Event. Also, due to our cooperation a new Chamber of Commerce is in the making, NL Chamber, with which the embassy hopes to actively and effectively work together. More important, however, are tangible results on the ground. New contracts, new production sites, the increasing contacts between Dutch and Macedonian companies and the ever growing use of the business support programmes. Let’s also not forget the substantial growth of Dutch tourists: from 3,500 last year, 2011 will witness around 14,000 Dutchmen enjoying the beauties of Macedonia. Of importance also are the long-term and extremely fruitful cooperation programmes between amongst others our State Audit Offices, our Customs, the Public Revenue Offices, the Cadasters, Employers Organizations, and Ministries of Finance. Let’s also not forget the excellent working relationship with the Ministries of Economy and Agriculture. All these contacts and exchange of know ledge and expertise have contributed to a more favourable enabling environment for doing business. We are not yet there, though. Much remains to be done. My successor, Marriët Schuurman, and her team will continue to stand ready for you, to work on reinforcing our mutual business interests. I hope to see all of you on 23 June to be able to meet and say farewell. You have shown not only to be business partners, but great friends as well. I want to sincerely thank you for your friendship! Simone Filippini, Ambassador 1 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs Embassy News Business Network Event: Farewell Ambassador The upcoming Business Network Event on 23 June will be the farewell event of the Macedonian business community for ambassador Simone Filippini whose mandate will finish this summer. Four years have past since Simone Filippini started her mandate as the Netherlands ambassador to Macedonia. motivator and inspirator Ambassador Filippini has been a powerful motivator and inspirator to numerous people and organizations, not least in the field of trade and investment promotion. At the very beginning of her mandate she took the initiative to organize Business Network Events that with 12 editions has become a well appre ciated focal point for Dutch and Macedonian business. She also played an important role in enabling the current success of Dutch touroperators. Furthermore, she supported Dutch and Macedonian companies in amongst others the textile, horticulture and medical sectors. Last but definitely not least, Simone Filippini pursuaded Minister of Economy Fatmir Besimi, Ambassador Simone Filippini and Adriaan van der Flier of NL Chamber at the previous Business Network Event. members of the Dutch business community in Macedonia to share their experience with entrepreneurs through the foundation of an official chamber of commerce: NL Chamber, which was presented at the previous event in the pre sence of the Macedonian Minister of Economy, Fatmir Besimi. Join us on 23 June at ambassador Filippini’s last Business Network Event! Business Network Event 23 June 2011, 19h00 restaurant MARGER city park, Skopje Main results of the trade and investment promotion support activities of the Embassy in 2010 • • • • • • • SIMED International gained a tender to supply health care equipment in the amount of 52 million EUR European Plants expanded its operations to 140 ha. as part of their plans to expand to 485 ha. in total Sluiter Ellwoodii obtained 110 ha. of state owned agricultural land under concession The project “Set up of an Integrated Mother and Child Health Care” received an ORIO grant in the amount of 6.3 million EUR at a total project value of 17.6 million EUR Dutch companies placed orders with Macedonian garment manufacturers for a total of 3 million EUR through the intervention of the CBI Export Coaching Programme “Outerwear Macedonia” The first charter flight from Amsterdam to Skopje and Ohrid by Transavia and the Dutch touroperator Karatanova Tours resulted in 2,500 passengers during the summer of 2010 The second charter flight operator Corendon entered Macedonia, while tourism subsidies increased to 65 EUR per tourist. The initial two flights per week have already been extended to three flights and currently a fourth weekly flight is being scheduled. In total 14,000 Dutch tourists are expected to have 110,000 overnight stays. 2 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs Embassy News Forum Doing Business with Macedonia On 9 May a forum on doing business with Macedonia took place in Utrecht, the Netherlands. Some 40 businessmen attended the event, after which they visited the exhibition of icons from Macedonia. The Macedonian Embassy in The Hague and the Macedonian Agency for Foreign Investments and Export Promotion took the initiative to organize a business forum about Macedonia in co-operation with the Chambers of Commerce from Utrecht, Rotterdam, The Hague, and Flevoland. The objective of the forum was to inform the Dutch business community about the opportunities and incentives of doing business with Macedonia. Some fourty representatives of Dutch companies and business support organizations attended the event. investment proposal in agriculture sector in the city of Kocani and Mr Johan Scheele shared his experien ces with SBW’s plant tissue laboratory in Vinica. “The forum was an excellent way to exchange experiences on doing business with Macedonia with entrepreneurs from other sectors. It will undoubtedly contribute to further intensifying Dutch-Macedonian business ties.” Arno Scheidmann, CEO of Karma Bella BV (garment production) recognition of reforms Macedonian ambassador Nikola Dimitrov opened the forum after which Mr Petar Pandilov of the investment agency presented the advantages of doing business with Macedonia while stressing the numerous recognitions of the economic reforms by reknown international institutions. Mr Zoran Manasiev presented an 3 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs Embassy News Stand Out in a Crowd, Add a Dutch Touch Queen’s Day 2011 Celebration. Cycling and recycling, contemporary design, fashion, film and dance have once again been the main themes of this year’s activities organised by the Embassy of the Kingdom of the Netherlands in Skopje on the occasion of the celebration of the birthday of Her Majesty Queen Beatrix. Traditio nally, the Embassy organises and supports a series of events in the months of April and May to note the Dutch national day, Queen’s Day. “Stand out in a crowd – Add a Dutch touch” is the motto of this year’s Queen’s Day activities, underlining the power of creativity and the importance of being different. H.E. Ambassador Filippini and Tinex CEO Mrs. Todorovik-Nikolik announce the winners of the top prizes in the bag design student competition. First prize: a VanMoof design bike from Holland. The two months of Dutch touch started with the announcement of the Student Design Competition organised with Tinex Markets in which students from all around Macedonia submitted their design solutions of a re-usable shopping bag. It continued with the Towns and Bicycles workshop in Prilep On the occasion of Queen’s Day, the national flags of the Kingdom of the Netherlands and the Republic of Macedonia were made of tulips, the most popular Dutch flowers in the world. Sponsored by: Ed de Groot - Flower Export & Import. that resulted in bicycle-friendly urban planning done by students of architecture with assistance of a Dutch expert of Royal Haskoning. The next event was the contemporary dance festival, Dance Fest, which included the performance of one of the world’s best dance companies – the Scapino Ballet from Rotterdam. On April 21st the Week of Dutch Films was opened at the Cinematheque of Macedonia with a programme of 12 Dutch movies. For the first time this year, the movies were shown in four towns in Macedonia: Skopje, Vinica, Shtip and Kumanovo. The highlight of the celebrations New outdoor fitness bicycles installed in the Dutch Park in Ohrid, manufactured by Zavar, sponsored by TAV, Corendon, Simed. was the Queen’s Day reception on April 27th, at the Aleksandar Palace Hotel. The reception showcased a Dutch-Macedonian exhibition of home and fashion design called Existing Achievements, as well as a second-hand design fashion show prepared by university students. Furthermore, students from the Academy of Contemporary Dance in Skopje gave a performance of choreography by Risima Risimkin. A new humanitarian action called I Can and Want to Give a Life was launched in order to gather support for transplantation of organs. As in previous years, children had fun in a special children’s corner, where they were busy making re- New picnic tables inaugurated in the Dutch Park in Ohrid sponsored by Pivara Skopje. 4 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs cycled clothes and playing games. Also, at the Queen’s Day reception the prototype of the outdoor fitness bicycle was revealed. Five of these bicycles and a bicycle parking rack coloured in orange, the national colour of the Netherlands, together with new picnic tables, were donated by the Embassy and the sponsors TAV, Corendon, Simed, Zavar and Pivara Skopje AD to the City of Ohrid for its Dutch Park on the day of arrival of the first group of Dutch tourists brought by Corendon Airlines on 6 May. Ambassadors Filippini and Dimitrov officially opened the re novated Dutch Park on 6 May 2011. Embassy News Third Mavrovo Tour Bigger than Ever Mavrovo Tour 12 June 2011. Start of the two mountain bike tours (43 and 83km). The Mavrovo Tour has become a traditional yearly recreational event held in June. It started in 2009 at the intiative of the Embassy of the Kingdom of the Netherlands, the Municipality of Mavrovo and Rostushe and the National Park Mavrovo in order to promote the natural beauties of the Mavrovo National Park, in particular the Mavrovo Lake and its surroun dings, and to give cycling and hiking enthusiasts an opportunity to enjoy a day spent in nature. Since the first tour in 2009, the event gained increased popularity among bikers and hikers from all over Macedonia due to the beautiful location of the tour, the interesting programme with music and dance performances, lottery with many prizes, children’s activities and the relaxed and festive atmosphere during the day. In order to make it easy for anyone to come to Mavrovo and bring their bicycles, the organisers traditionally provide round-trip transportation for people and their bicycles for a symbolic fee. Prior to the tour, a clean-up action of touristic spots around the lake has also traditio nally been organised, involving Ambassador Filippini, Mayor of Mavrovo and Rostushe Mehmedi and Sashko Kocev take a photo with some of the fastest cyclists on both mountain bike tours. 5 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs children form local schools and staff members of the municipality, the national park and the embassy. The tour this year again included the recreational tour around the lake and a rich cultural programme and lottery, but also offered two mountain bike races (tours of 83 and 43 km), two hiking tours guided by professionals, as well as entrance to the Sharkova Dupka and a ski-lift ride. More than 500 people participated in the event, which was moderated by actor and comedian Sashko Kocev and included performances of singer Aleksandra Pileva and M2 Production Music Stars. The tour received the support of many sponsors, whose support is inadmissible for its success! The Embassy and the Municipality were assisted by students from primary and secondary schools from Rostushe and worked together to clean up the most littered tourist points around the lake. One part of the Mavrovo clean-up team ready for action. Visit Mavrovo Tour online: www.npmavrovo.org.mk/tour/ Embassy News Dutch Atradius to Assist MBDP on Factoring The Macedonian Bank for Development Promotion (MBDP) will receive technical assistance from credit insurer Atradius. Atradius Dutch State Business NV expands its cooperation with the Macedonian Bank for Deve lopment Promotion with technical assistance, financially supported by the Dutch government. MBDP has a strong focus on providing liquidity and reducing credit risks for Macedonian entrepre- See: www.mbdp.com.mk neurs with credit insurance for both export and domestic trade. Atradius is already reinsuring MBDP’s credit risks. The technical assistance is aimed at organizational efficiency and product development. Factoring is one of the products MBDP plans to introduce with technical assistance of Atradius. Factoring will enable entrepreneurs to obtain funding based on their receivables, i.e. outstanding invoices. In this way MBDP intends to meet the persistent demand from exporting companies for better access to working capital. Atradius originates from the merger of NCM NV (Nederlandsche Credietverzekerings Maatschappij) and Gerling Kreditversicherung in 2001. NCM, founded in 1925, started to provide Export Credit Insurance to Dutch companies on behalve of the Dutch State in 1932. This function is now incorporated in Atradius Dutch State Business. Atradius is one of the largest credit insurers in the world, present in 42 countries with 160 offices, making 22,000 credit decisions per day. See: www.atradiusdsb.nl 6 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs Interview Reinforcements for Construction Industry The Dutch-Macedonian joint-venture Steel Con DOO starts production of reinforcement armatures. With these prefab elements, construction companies can decrease the building time with up to 50%. The Dutch family business Beton vlechtersbedrijf Gerliko BV from Nederhorst den Berg has a long tradition in processing reinforcement bars - rebars - into armatures and nets for reinforced concrete structures. Through Steel Con DOO in Kumanovo, a joint-venture with their Macedonian partner and supported by the Dutch governmental programme PSI they are now investing in a production facility for reinforcement armatures. “Among our seasonal workers in the Netherlands was a guy from Macedonia,” says Richard Lieverst, one of the three brothers running Gerliko. “He said that prefab reinforcement armatures and nets do not exists in Macedonia.” decrease of building time up to 50% Current practice in Macedonia, but also in Albania, Kosovo and southern Serbia is that rebars are delivered straight to the building site, where they are cut, bent, woven and welded into the required shapes on the spot. Lieverst: “This is a very time consu ming way of working and since it is done on the building site weather conditions also play a role. If these companies would use our prefab armatures, they would easily decrease the time for building the construction with 30 to 50%.” Richard Lieverst and his brothers Ruud and Eddy went to Mace Reinforcement armatures for concrete foundations. donia to see whether they could extend their business to this new market. “Every time that we came to Macedonia, we witnessed the progress at the building site right at airport in Skopje. We concluded that there is indeed a market for our products!” In April 2010 they were introduced to Boban Todorovski, owner of Steel Con in Kumanovo. Steel Con, founded in 2005, designs and produces steel constructions for buildings, employing 50 people. Todorovski immediately understood the value of these products for the market and offered to turn his company into a joint-venture with Gerliko. fifty - fifty “On June 23rd 2010 we agreed to take decisions by consensus and therefore we turned Steel Con into a 50%-50% joint-venture with Gerliko,” says Todorovski. “I am proud to speak about our company now, rather than my company. Boban Todorovski with Richard, Ruud and Eddy Lieverst at Steel Con in Kumanovo. 7 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs domestic construction companies, but we will also export to Albania, Kosovo and Serbia.” volatile global supply market Truck with rebar products leaving at Gerliko in Nederhorst den Berg The partners applied at the Dutch governmental agency NL EVD internationaal with an investment project of 1,5 million EUR for the establishment of a production facility for rebar products. The project was approved on 21.12.2010, meaning that upon successful implementation the Dutch government will reward the project with a grant of 50%. speed The agency was surprised by the speed of the project. Todorovski: “By the end of March we got the construction permit and next month we will be ready for production.” Most of the brand new machines and other equipment has been delivered and a small part will arrive during the next weeks. Currently workers are being trained by Gerliko’s production people to operate the machines that already Twinmaster 16 has been installed have been installed. 70 new jobs The project will lead to increased employment to some 12o jobs in total. Todorovski: “We expect to employ 50 workers in the rebar products department, whereas we could use some 10 to 20 additional people in the existing steel construction department.” The production capacity for steel constructions is up to 3,500 tonnes per year, whereas the production of rebar products will have a capacity up to 15,000 tonnes per year. “We have great interest from The partners also planned a large space for storage of raw materials (rebar coils). Lieverst: “Steel is a highly volatile global market and the construction industry is a seasonal market with peaks as soon as temperatures rise above zero and right after the summer holidays. Therefore, in our business it is crucial to constantly monitor world steel prices in order to buy raw materials at the best prices. That leads automatically to large stocks, but that enables us to sell at competitive and relatively stable prices.” next project Next step will be the extension to the production of reinforcement nets for concrete floors. “That will be next project. First let’s make this one to a success,” says Todorovski. www.steelcon.mk Boban Todorovski at the new production facility 8 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs Business News First Flight Corendon to Macedonia At 09h20 on 6 May flight CD501 from Amsterdam landed at Ohrid St. Paul the Apostle Airport for the very first time and received a warm welcome. Fifteen minutes ahead of schedule, the first flight of Corendon Dutch Airlines from Amsterdam landed at Ohrid St. Paul the Apostle Airport. Together with local partner Fibula Travel, Corendon offers package deals for a holiday at the shores of Lake Ohrid. Atilay Uslu, CEO of Corendon also joined this first flight, as well as Nikola Dimitrov, Macedonian ambassador to the Netherlands. The 185 passengers were welcomed by ambassador Simone Filippini, deputy prime minister Vladimir Peshevski and various others with traditional bread and salt, cake and Macedonian wine offered by Bovin Winery from Negotino. This summer Corendon operates three flights per week to Ohrid: every Tuesday and twice every Friday. A fourth flight is planned. Atilay Uslu, CEO Corendon Atilay Uslu, ambassador Simone Filippini and deputy prime minister Vladimir Peshevski. Atilay Uslu (43), Dutchman from Turkish origin, had run a shoarma bar in the Dutch city of Haarlem for three years when he decided to start a tourist agency in 1994. Mega Reizen was Uslu’s one-man business, selling flight tickets to Turkey. In 2000 Uslu founded Corendon that developed into the fifth largest touroperator in the Netherlands with 110 employees, an annual turnover of 174 mln EUR and almost half a million passengers in 2010. Corendon Dutch Airlines started operating its first aircraft on 30 April 2011. The Turkish subsidiary of the group, established in 2005 already operates 8 aircraft. 9 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs Business News UNCTAD Investment Policy Review The Investment Policy Review on Macedonia provides an extensive overview of the efforts to attract Foreign Direct Investments, the results in different sectors of the economy and comparison with other countries in the region. Foreign Direct Investments in 2009 On May 26th the United Nations Conference on Trade and Development (UNCTAD) presented the Investment Policy Review on Mace donia in Skopje. Macedonia Albania significant improvements The review acknowledges significant improvements of the business environment, but certain obstacles remain. These obstacles can be overcome through efficient implementation of the existent regulations, as well as additional changes in the regulatory framework, primarily access of investors to land and securing of building permits, along with employment conditions. The review also recom mends improvement of institutional coordination in the creation and efficient implementation of investment policies, competitiveness and industrial policies. FDI mainly in banking and telecom The review reports a generally small impact of Foreign Direct Investment (FDI), whereas in banking and telecommunications foreign investors have attained a critical mass. However, accor ding to UNCTAD’s performance and potential indices Macedonia performs above its potential. In 2008 it was ranked 44th (of the 141 economies covered) in terms of FDI performance, and only 100th in terms of FDI potential. FDI Stock (million USD) countries Bulgaria Croatia Greece Moldova Montenegro Romania Serbia Ukraine South-East Europe 1 1 4,510 3,537 50,727 36,602 44,927 2,604 4,579 73,983 20,584 52,021 77,628 7,447,904 per capita (USD) 2,206 1,106 6,761 8,059 4,014 625 7,358 3,462 1,167 3,825 15,156 FDI to GDP (%) 52 29 108 58 14 48 110 46 49 44 53 46 European Union 27 Albania, Bosnia Herzegovina, Croatia, Macedonia, Montenegro and Serbia sources: UNCTAD, WorldBank, World Development Indicators 2010 UNCTAD Review on Financial Crisis Macedonian banks were affected moderately by the crisis, the real economy was hit severely at the end of 2008 through a collapse in export demand and loss of external financing. Industrial production and exports declined sharply. While the central bank’s policy rate was raised from 7% to 9% to attract financial inflows, 10 other measures were undertaken by the Government to fight the crisis. Among them, there were measures like the writing-off of some type of liabilities and tax reductions. In contrast to developed countries, the Government has not given aid to particular firms or sectors. soon at: www.unctad.org/ipr 10 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs structure of the economy The services sector plays an increasingly important role with 58% of GDP in 2008 from 44% in 1992. The manufacturing sector is middle-sized with 30% of GDP, whereas the agricultural sector is steadily decreasing, though still remaining significant today. The manufacturing sector is dominated by iron and steel, textiles, construction, and the exploitation of metals and minerals. export partner share in total exports 2009 (%) Germany 16.7 12.5 11.7 10.8 8.1 Serbia Kosovo Greece Italy share in total imports 2009 (%) import partner Germany Russian Federation Greece Serbia Italy 10.3 9.8 8.7 7.9 7.2 source: State Statistics Office Trade Structure of Macedonia by Product Group export value 1990, 2000 and 2009 in millions USD international trade Being a small country, Macedonia is relatively open to trade which accounted for 133% of GDP in 2008. Between 2000 and 2009 imports rose from 2.1 to 5.0 billion USD, while exports grew from 1.3 to 2.7 billion USD. This trade deficit is partly a result of the expansion of the economy, shown by the top 5 of imported commodities: • petroleum • iron and steel • textile yarn • road vehicles • electric energy Dynamic Cluster around Wine “Wine production has a long tradition with good skills in Macedonia. This industry, together with related suppliers (barrels, cork, bottles etc.), its distribution network and related activities (hotels and other tourist services related to wine tourism), has a potential to become a dynamic cluster, fuelling broader growth of the country’s economy.” food, live animals crude materials, excl. fuels chemicals total beverages, tobacco mineral fuels, lubricants, related mat. manufactured goods source: State Stastics Office European countries are the main trading partners. Russia is the second largest import partner due to oil deliveries. at other points on the food value chain, especially in downstream activities, such as warehousing, retail and food manufacturing. investment possibilities in food value chain regulatory guillotine Climatic conditions, a longstan ding accumulation of skills and traditions make agriculture a particularly important industry for the Macedonian economy. In general, FDI in agricultural production is very limited in all parts of the world. Additionally, access to agricultural land is constrained in Macedonia. In principle, possi bilities for FDI could take place In order to eliminate duplication and inconsistency between old and new legislation, the Government of Macedonia has reviewed laws and by-laws with the intent of eliminating all unnecessary, inefficient, complicated and outdated regulations. This process, launched at the end of 2006, is called the “regulatory guillotine”, which lead to significant improvements. 11 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs Business News Cooperatives in Agriculture Supported by the Dutch development organization SNV fruit and vegetable growers in Macedonia o rganize themselves for export. In 2010 the Dutch development organization SNV initiated the esta blishment of two cooperatives in the Macedonian agriculture sector. improved production, reduced costs, increased competitiveness The objective of the cooperatives is to increase the competitiveness of its members by improving quality, quantity and post-harvest handling through workshops and trainings and to coordinate production and sales. By organizing joined purchase of pesticides, insecticides, fertilizer and oil, the cooperatives aim to decrease the cost of production. Fruit-Cultivation in Macedonia Fruit-cultivation is concentrated in the western part of Macedonia, in areas of 300 to 800 metres above sea level. Amost two thirds of the Macedonian fruit production concerns top fruit (apples, pears and quinces) in the areas of Ohrid, Resen and Tetovo. One third is stone fruit (cherries, sour cherries, peaches, apricots and plums), cultivated in the area of Rosoman. Additionally, large areas of vineyards (both wine grapes and table grapes) are located around Kavadarci, Negotino and Valandovo. Due to different altitudes there are many different microclimate areas with special climatic conditions suitable for fruit production. dominant apple variety: Idared Apple cultivation is highly traditional: Idared is with 65% the main variety, followed by Golden Delicious (20%) and Red Delicious (10%). Prices dropped from 0.40 EUR/kg in 2007 to 0.15 EUR/kg in 2010. gather, pack and store all apples. The members generate a total annual yield of 2,000 tonnes of apple on 50 ha. of orchards. The target markets are the wholesale traders on the domestic market, in the neighbouring countries Bulgaria, Albania and Serbia as well as in Turkey, Iran, Iraq. See: www.zzpo.com.mk Together, the members cultivate 12 ha. of land with an annual yield of 800 tonnes of tomatoes, 168 tonnes of red pepper and 135 tonnes of cabbage. See: www.zzvegefresh.com apple cooperative The cooperative Prespanski Ovostari (Prespa Fruit Growers) was established in May 2010 by 16 apple producers in Resen, southwest Macedonia. Prespanski Ovostari strives to open a joint distribution centre where members and non-members can vegetable cooperative The cooperative “VegeFresh” was established in April 2010 in Kuklis, Strumica by 12 farmers addressing the issue of fragmented production and poor competitiveness. SNV Macedonia Ul. Dane Krapcev 10 A 1000 Skopje T F E W +389 2 3217320 +389 2 3217322 [email protected] www.snvworld.org 12 No. 8 / Juni 2011 Embassy of the Kingdom of the Netherlands in Skopje Ministry of Foreign Affairs Statistics Level of innovation: Share of World Wide Granted Patents (1995 - 2009) Granted Patents The number of patents companies have obtained is used to evaluate the level of innovation of countries. In the period from 1995 to 2009 the Netherlands is in the 11th position with 117,000 patents. Japanese companies lead with almost 3 million patents, followed by the USA with 2 million patents. Macedonia is on position 76 with 339 granted patents, behind Croatia (position 58 with 1,016 patents) but ahead of Bosnia Herzegovina (position 94 with 96 patents). source: WIPO Short News Telecom Turnover The total turnover of service providers in telephony, internet and television amounted to 398 million EUR in 2010, which is a 2% decrease of revenues compared to 2009. The trend of decreasing number of landline users conti nued in 2010 with 5.5 %, whereas the number of mobile line users increased by 11 %. source: Agency for Electronic Communications Decreasing Inflation “Price growth will stabilize in the future months and then reduction will follow,” forecasts the governor of the National Bank Dimitar Bogov in an interview with Radio Free Europe. The inflation rate is now 5.2% annually, after a slight decrease in May. The governor predicts greater reduction of the inflation at the beginning of the next year, below 3 %. Bogov considers government projections of economic growth by 3.5 % this year realistic. More Foreign Tourists In April 37,142 tourists spent 87,413 overnight stays in Macedonia, which is a slight increase compared to April 2010. However, the number of foreign tourists and overnight stays increased with 20% resp. 29%. The number of domestic tourists and overnight stays decreased with 17% resp. 19%. source: State Statics Office COLOFON Economic NewsLetter No. 8 - June 2011 Embassy of the Kingdom of the Netherlands, Skopje Leninova 69 - 71 1000 Skopje Republic of Macedonia t: +389 2 3109250 +389 2 3129319 f: +389 2 3129309 e: [email protected] w:www.nlembassy.org.mk twitter.com/NLinSkopje facebook.com Previous Edition Download the previous editions of the Economic Newsletter at: www.nlembassy.org.mk/... 13