The Former Yugoslav Republic of Macedonia
Membership in EU:
Political system:Republic
Capital city:Skopje
Total area: 25 713 km²
Currency:Macedonian denar (MKD)
Economy | Business Protocol | Legislative and Political System | More about the Country | Order a Business Information Report (BIR)
Economy
Statistical Office

Chamber of Commerce and Industry

Entrepreneurship in the Country

The country possesses some mineral resources including iron-ore, copper, lead and zinc. Main economic activities are food-processing, tobacco, textile, chemical and steel industries, as well as the production of cement.
Business Directories

Local Communities

Business Protocol
Business Communication

Until a relationship warms up, the communication will be reserved and cool. However, once the other person as an individual rather than a foreigner, they will slowly become less formal and more relaxed.

Business decisions are often heavily influenced by personal sentiments. It is therefore a good idea to invest time in relationship building. This helps overcome the initial communication barrier as well as increase chances of business success.

Many Macedonians believe that speaking forcefully indicates that the person is overcompensating for the fact, that they have nothing important to say. Anyone with a booming voice may want to consider paying attention to their tone.

Business Meetings

Meetings are formal. The normal protocol is for the most senior Macedonian to open the meeting with an introduction or statement and to then chair the proceedings. Although a hierarchical culture, where important decisions are made at the top of the company, Macedonians seek to have a consensus of all stakeholders before reaching a final decision. Therefore, meetings can be extremely protracted since everyone must have the opportunity to present their case.

Any presentations should be factual and backed with statistics. If possible try to present information visually. Macedonians do not appreciate too much “talk” so avoid over zealous statements. Macedonians are not deadline oriented. They prefer to ensure, they have comprehensively covered a topic before bringing proceedings to a close. Be patient and do not rush meetings – successful ventures in Macedonia will never happen overnight.

Business Negotiation

Business is hierarchical. Decision-making power is held at the top of the company and most decisions will therefore require several layers of approval. At times it may appear, that no one wants to accept responsibility for making the decision and it is not uncommon for it to take several visits, to accomplish a simple task.

Macedonians can be tough negotiators. They are especially concerned about being taken advantage of by foreigners. If you need an interpreter then hire your own for meetings and negotiations. Avoid confrontational behaviour or high-pressure sales tactics. An indirect negotiating style is preferred, as being too direct is viewed as poor manners.

Contracts function as statements of intent. It is expected that if circumstances change, the contract will accommodate the revised conditions. Do not change members of a negotiating team before a decision is reached or the relationship-building process will have to begin anew.
Legislative and Political System
President

Government

Prime Minister

Ministries

Constitutional Court

Legislation

More about the Country
Geographical Characteristics

Macedonia is a continental country in the central Balkan with mountains overlooking a valley and deep basins. Lake Ohrid, which is located on the western border with Albania, is one of the oldest lakes in the world and the most famous tourist place.
Languages

Macedonian; Eastern Macedonian and Western Macedonian dialect.
Short History

The Former Yugoslav Republic of Macedonia became independent in 1991 following the break-up of Yugoslavia. The constitution from 1991 was changed and supplemented in 2001 with additional rights for minorities.
Time Zone

GMT/UTC + 1

International Dialing Code

+389
Average Temperatures

July 23 0C, January 0 0C.
Opening Hours of Banks

Monday - Friday: 8.00am – 7.00pm.

 

Saturday: 8.00am – 12.00pm.

Opening Hours of Post-Offices

Monday - Friday: 7.00am – 7.00pm.

 

Saturday: 7.00am – 1.00pm.

Opening Hours of Shops

Legally permitted opening hours:

 

Monday - Friday: 8.00am – 8.00pm.

Saturday: 8.00am – 2.00pm.

Credit Cards

The following credit cards are accepted in the majority of Macedonian cities and holiday resorts: MasterCard-Eurocard, Visa and Diners Club. They are accepted in numerous hotels, restaurants and shops. Almost all petrol stations will accept credit cards.
Foreign Currency Exchange

Apart from the banks, foreign currency can be also exchanged in exchange offices, hotel receptions, tourist agencies, petrol stations and larger department stores.
Mobile Telecommunications

The country is almost entirely covered by mobile telephony signal. The main operators have concluded contracts with larger European and world operators. Mobile phones in the country are designed to function within the network of frequency bands 900 MHZ and 1800 MHZ. You can host in the following mobile networks: T-mobile, vip Operator, Cosmofon.
Emergency Telephone Numbers

Police

192

Toll-free European emergency number (EEN)

112

Medical emergency

194

Fire emergency

193

Population of the State

Population of the Capital

Demographics

Religion

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