Companies working in special economic zones in North Macedonia with profit of 65 million EUR in 2020


The companies working in the special economic zones in North Macedonia, i.e. Technological Industrial Development Zones – TIDZ, which are participating with 47% in country’s total exports, last year had a total net profit of MKD4 billion (€65 million), which is 40% less compared to last year. This is a result of the lowered activity up to the middle of last year.

The total income was MKD135 billion, which is 9.4% less compared to 2019. 47 companies have registered profits and 53 worked with losses, due to their investment cycles. Still, there is no decrease in the number of employees of the TIDZs despite the COVID-19 pandemic. This number is stable and by average it increased by 0.64% compared to 2019. Last year, 3 companies had the same number of employees as the previous year, 18 increased the number of employees and 9 worked with fewer workers.

This data was presented last week by TIDZ Director Jovan Despotovski, who also said that according to the agreements with the existing investors, in the next period an additional 7 500 new jobs will be opened. The average salary of TIDZs’ employees in 2020 was 37 658 and there is a rise tendency with prospects of climbing above the average salary in North Macedonia.

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