Off the wire
• 19 detained for forging license plates  • U.S. stocks open lower on soft data  • Hasbro teams with Xiaomi for tablet-converted Transformer  • Roundup: Better effects of water discharged from upper Mekong expected in days: Vietnamese officials  • Zambia bans maize exports  • Saudi police officer shot dead by IS in Riyadh  • Guangzhou Evergrande lose, Shandong Luneng tie in AFC Champions League  • Kenya says malaria prevalence on decline  • Indonesia forms task force to combat rabies in Bali  • East Africa mulls strong linkages to enhance green technology transfer  
You are here: 　 Home

Macedonian exports from free industrial zones reach 487 mln USD in Q1 2016

Xinhua, April 5, 2016 Adjust font size:

Macedonian exports from free industrial zones grew to 429 million euros (487 million U.S. dollars) in the first quarter of 2016, head of the Macedonian Directorate for Technological Industrial Zones Viktor Mizo said Tuesday.

Mizo noted that March was a record-breaking month so far, with 165 million euros in exports.

"That was 20 million more than the earlier monthly record. We have seen production growing in all the zones, including those in Skopje and Stip, as well the start of activities in Kicevo, Ohrid and Prilep," stated Mizo.

The zones offer infrastructure, a range of tax cuts and regulatory assistance to companies that are willing to hire a significant number of new workers and introduce advanced technology for manufacturing value-added products.

In the past nine years, a number of German, U.S. Italian and other companies were drawn to these zones, setting up production of car parts or other products.

Mizo added the increase in exports is expected to grow. Industrial zones currently cover about 30 percent of total Macedonian exports. Endit