1. Team Finland Day 2018 Central Eastern Europe Example of Serbia, Macedonia and Montenegro
Pertti Ikonen, Ambassador
Igor Madzarevic, Economic Advisor
Embassy of Finland in Belgrade

2. Macedonia
GDP growth in 2017: 0% (European Commission; Spring 2018 Economic Forecast; May 2018)
Expected to be 3.1% in 2018 and 3.3% in 2019 (from 2.9% in 2016).
Fitch's credit rating: BB+ with positive outlook
World Bank Doing Business Ranking: 11 in 2018 (10 in 2017; 16 in 2016)
Trade between Finland and Macedonia in 2017 (Finnish Customs): 8.6 million EUR
Exports (from FI): 4.7 million EUR (mechanical machinery; plastics; electrical machinery); the same level as in 2016.
Imports (to FI): 3.9 million EUR (clothing; electrical machinery; footwear); 18% decrease compared to 2016.
World Bank Doing Business Ranking (2018)
11.
Macedonia
13.
Finland
42.
Montenegro
43.
Serbia
45.
Romania
50.
Bulgaria
80.
Kenya
147.
Tanzania
Helsinki,

3. Macedonia
Environment: Estimated 5-10 billion EUR investment needed for the waste management, wastewater treatment plants and air quality
Modernization of power plants needed (66% of electricity production comes from coal).
Air quality (2nd most polluted country in Europe; Skopje, Bitola, Tetovo- the most polluted cities in Europe).
Twinning project "Strengthening the capacities for effective implementation of the acquis in the field of nature protection“ by Metsähallitus and SYKE.
Agribusiness and food processing: Fruits and vegetables, beverages (wine)
49% of agricultural land; One of the fastest growing industries; EU investment support.
Manufacturing (outsourcing potential): Textile industry, automotive industry
Textile industry (Over 450 million EUR exports annually; 12.4% of total country exports in 2016).
Automotive industry (Components for automotive industry).
Other industries: Metal processing, Energy, ICT
Helsinki,