Italian newspaper: Macedonia's success story
It takes four hours for a foreign or domestic investor to register a company, the tax rate is 10%, among the lowest in Europe. If you add Macedonia's educated workforce in the mix, it is no surprise that the country is becoming a hotbed for direct foreign investments - says Italian newspaper Libero in its editorial on Macedonia, calling the country the "Balkan's pearl". Libero, to its Italian readers explains that if a company invests in an infrastructure and hires over 100 full time staff, the company is not obligated to pay utilities and has a tax reprieve upward to 500,000 euros. "The clever plan to attract and keep foreign companies is devised perfectly by the Macedonian Government, in fact, Italian company Condotte has already announced a 15m euro investment" says Libero adding the country was ranked #22 out of 183 countries by "Doing Business Report 2012". In 2011 it was 34th. -Interesting to note is the leap the country has mad...