New Turkish investment at Bunardzik

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An agreement on state aid between the Directorate for Technological Industrial Development Zones and the Turkish company Purplast, investing in TIDZ Skopje, has been signed Thursday.

Deputy PM for Economic Affairs Fatmir Bytyqi, Free Zones Authority director Jovan Despotovski, and Purplast CEO Mehmet Şişmanoğlu addressed agreement signing event.

Turkey’s Purplast plans to invest more than EUR 12 million, which opens a plant in Free Zone Skopje 2. The initial investment phase, amounting to EUR 5.1 million, will create jobs for 40 to 50 people including a starting salary of 21,000 denars.

The construction of the plant in Free Zone Skopje 2 is in the final phase and the production is expected to start in less than two months.

Under the agreement, the state offers Purplast 2.5 hectares of land at a subsidized price, EUR 2.5 million in aid, of which EUR 500,000 in cash and about EUR 2 million in customs and tax exemptions.

“It is a serious company with a decade-long experience employing over 450 people and exporting to over 36 countries worldwide. The first investment phase envisages employment of 40 to 50 people, while total investment will open over 200 jobs. The starting salary will be over 21,000 denars and can reach up to 75,000 denars. If we deem it necessary, we will offer additional incentives that will help for their further growth,” Free Zones Authority director Jovan Despotovski said.

 

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