A recent survey conducted by the Economic Chamber Foreign Investors Council in Macedonia unveiled that only 43% of foreign investors would consider reinvesting in the country. The survey, known as the “2023 Business Investment Indicator,” highlighted low taxes and a favorable business environment as the primary attractions for investors.

The study, carried out among investors employing 38,000 workers in companies generating 7.7 billion euros in revenue last year, indicated varying trends in production. While 45% experienced an increase, 36% witnessed a decline, and 19% remained constant.

Infrastructure dissatisfaction was prevalent, with 37% expressing discontent and only 10% completely satisfied. Anticipation about the country joining the EU showed mixed sentiments—53% looked forward to accessing a larger market, while 13% had concerns about competition and emigration.

Approximately 32% of companies didn’t anticipate EU entry soon and didn’t include it in their business plans. Suggestions for improvement included better communication, hiring industry-experienced professionals, updated regulations, administrative simplification, and swift, market-aligned assistance.

Foreseen business risks in 2024 encompassed labor shortages, inflation, economic policy inconsistencies, energy price hikes, and corruption. Notably, 90% faced challenges in hiring skilled workers, citing emigration, lack of interest, and experience as contributing factors.