Speeches Shim
Today, February 23, USAID’s Business Ecosystem Project and the Ministry of Economy of the Republic of Macedonia signed a memorandum of understanding on private sector engagement. The goal of the new partnership is to encourage and facilitate private sector investment in local economic development initiatives that will be beneficial to the companies making the investments, and the economy at large.The project and the Ministry will collaborate on a national campaign to stimulate private sector engagement in local economic development.
Press freedom is under threat in the Balkans. Political-economic interests have captured much of the mainstream media sector through opaque ownership structures, direct state support, and consolidated advertising markets, substantially limiting competition in the media marketplace and the public’s access to objective, balanced reporting.
January 26, 2018 - USAID’s Micro and Small Enterprises Project, co-funded by the Government of Switzerland, and implemented by the Center for Entrepreneurship and Executive Development (CEED) Macedonia, reopened CEED Hub Skopje at a new location – the Faculty of Mechanical Engineering campus at St. Cyril and Methodius University, Skopje.
USAID launched two new projects -- the Business Ecosystem Project and Factoring Project -- that will support micro, small and medium enterprises access diversified sources of finance.
USAID’s Factoring Project is a $700,000, three-year activity to accelerate the growth of micro-, small- and medium-sized enterprises (MSMEs) by increasing their use of factoring, a financial transaction in which a business sells a credit-worthy accounts receivable (usually an invoice) at a discount to a financial services firm. Factoring can increase MSMEs’ effective working capital and improve their cash-flow, thus enabling them to engage new contracts and clients, expand their markets, increase their competitive edge, and enhance their overall competitiveness.
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