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Home Economy We must protect domestic companies, says Deputy PM Nikoloski

We must protect domestic companies, says Deputy PM Nikoloski

Nikoloski says if this situation continues, it would result in three effects that would destroy the economy: a deficit with money leaving the country; an imbalance, especially in foreign exchange; and emigration because people will not be able to find work in the countr

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We should see the processes as they are and be realistic. We need to be aware that our small and medium-sized enterprises are not competitive in a classic, open, liberal system, and we need to say this publicly, directly, and openly, Macedonia’s Deputy Prime Minister and Minister of Transport Aleksandar Nikoloski at a business conference Thursday.

Nikoloski says if this situation continues, it would result in three effects that would destroy the economy: a deficit with money leaving the country; an imbalance, especially in foreign exchange; and emigration because people will not be able to find work in the country.

“We must find a mechanism with which we will protect domestic companies. It is already starting to happen that there is no Macedonian company that applies for public procurements of EUR 500,000. If a small company cannot win one or two procurements in its own municipality worth EUR 500,000 – EUR 600,000, then how will that company exist? That is one aspect that I want to open. In terms of large procurements, it is often said that domestic companies do not have the capacity, which I partly agree with, I often communicate with them and criticize them, but the question is how will they create capacity if we do not give them a chance,” Nikoloski stressed.

According to the deputy PM, if a company that has built three motorways of the same size is required for the construction of a motorway, funded by a certain international financial institution, then none of the Macedonian companies would meet the requirements.