Skopje, 11 July 2025 (MIA) - The new investment by the Turkish company Çağatay Kablo is another cornerstone of economic trust and a clear signal that when institutions are committed, success inevitably follows. Today is yet another confirmation that we are moving forward, Prime Minister Hristijan Mickoski said Friday at the cornerstone laying ceremony for the company’s new factory in the Technological Industrial Development Zone in Skopje.

“These are signs that show the country is stable, the economy is active, and the future is being built now,” said Prime Minister Hristijan Mickoski in his address.He added that he is aware of the citizens' hardships and the need for quick, concrete reforms. “That’s why we work every day, with full energy, to make those changes happen. We fight for every new job, every denar added to the economy, and every opportunity that brings stability. We don’t wait for investments, we seek them out, support them, and earn them. We don’t just talk, we act. We demand change, and we deliver it,” Mickoski said.

He noted that this is just one of many examples of how economic growth is generated, not through theories, but through tangible projects and that such a beginning is beneficial not only for the company, but also for the local community, the national economy, and every young person who wants to stay in their own country.

“Our goal is to make Macedonia a land of opportunity, a country where hard work rewarded, where investment makes sense, and where institutions are partners to business, not an obstacle but support,” Mickoski noted.

He stressed that the results so far demonstrate the Government’s clear economic course.

“GDP grew by 3.2% in Q1 2025, even though many EU countries are in recession. Foreign direct investments reached a level of €1.255 billion in 2024. Exports in the first five months of this year increased by 3.15 percent compared to the same period last year, while industrial production in May alone recorded a growth of 9.4 percent. This means that in the first two months of the second quarter (April and May), the trade deficit was reduced by about US$80 million compared to the same period last year,” Mickoski added.

The Turkish company, Çağatay Kablo Friday laid the cornerstone for a new factory in Skopje’s TIDZ that will create up to 200 new jobs. This will bring the company’s total employees in the country to 500. The investment is valued at about €6 million.

Photo: Government