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Investment and Export Promotion Context As part of the former Yugoslavia, Macedonia, with its metal processing and textile and clothing industries, was relatively highly industrialised. After independence, it soon became clear that the industrial sector was not competitive. This contributed to low growth and high unemployment. However, by 2007, growth reached 5.1 percent, and foreign direct investment amounted to EUR 239 million, offering hope of a turn-around. Unemployment remains high at more than a third of the workforce. |
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The project Regional Economic Development of the Eastern part of Macedonia (REDEM) is implemented within a framework of bilateral technical cooperation between the Federal Republic of Germany and Macedonia.The overall objective of the project Regional Economic Development of the Eastern part of Macedonia (REDEM) is to support the regional economy and employment according to EU criteria for selected regions in Eastern Macedonia. |
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The GTZ is an international cooperation enterprise for sustainable development with worldwide operations. GTZ promotes complex reforms and change processes, often working under difficult conditions. Its corporate objective is to improve people’s living conditions on a sustainable basis. |
