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In Montenegro, the biggest investor is NATO while in Macedonia, the Bahamas

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Can Macedonian citizens expect an increased scope of foreign investments, and accordingly the opening of new jobs if the referendum for the approval of the agreements with Greece succeeds?

Montenegro has the freshest experience, a country that after a decade on its road towards NATO has become a fully fledged member of the Alliance in June, last year, and those experiences suggest what the answer to this question will be. Montenegro’s Central Bank announced the data for foreign investments that reveal that during the first half of this year there is a doubling of the investments from NATO’s country members compared to the same period last year when the country still wasn’t a member of the Alliance.

During the first half of 2018, there were direct foreign investments in Montenegro in the amount of 403, 5 million euros, and 215, 2 million were investments from NATO’s country members, which is significantly more compared to the same period, last year when the countries from the alliance have invested 96, 6 million euros in the Montenegrin economy. The biggest investors in Montenegro are Italy, which is at the top of the list with invested 72 million euros, Hungary (54 million euros), Turkey (29 million euros) and Belgium (11 million euros).

On the other hand, the latest data about the direct foreign investments published by the National Bank of Macedonia reveal that during the first half of this year, the foreign investors have invested 325 million euros.

But, unlike Montenegro, where the biggest investor is Italy, in Macedonia, the foreign investments for this year i.e. 25.2 million euros have arrived from the Bahamas. The statistical data from previous years reveal that very often at the top of the list of foreign investors in the country are listed only exotic islands such as Saint Vincent and Grenadines, the Virgin Islands and others. In the past, pirates have used these places to hide their plunder, and today they serve as tax havens that are used by businessmen to avoid payments during investments of their capital.

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