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| Membership spotlight | | |
Member Since 2011
www.crimsoncapital.org
Crimson Capital Corp. (Crimson) is a leading international development and management consulting fi rm, dedicated to emerging market and private sector development. Crimson specializes in access to fi nance, trade and investment facilitation, SME development, value chain enhancement including agriculture, privatization, and legal, regulatory and policy reform aimed to improve the business environment for private sector growth. Crimson’s work in developing countries has resulted in over $7 billion in foreign direct investment (FDI), exports, debt and equity fi nancing, Public Private Partnerships (PPP), and privatization. Besides Macedonia, Crimson also has offi ces in USA, Peru, the Czech Republic, and Kosovo. In addition, Crimson designed and manages the SME Commercial Finance Fund - Crimson Development Foundation (CDF) in Macedonia, a $3 million fund developed to provide innovative, short-term working capital fi nance products to SMEs in Macedonia. CDF is the principal provider of short-term trade fi nance in Macedonia and plays a key role in the expansion of Macedonian SMEs. CDF is supported by Norfund, USAID, the Norwegian Ministry of Foreign Aff airs, and Crimson Capital Corp. To date, the Fund has made 261 loans totaling more than $19.5 million to Macedonian SMEs, supporting over $77 million in new exports, and creating more than 2,225 new and permanent jobs, including over 1,093 jobs for women and 295 for minorities. For more information on Crimson Capital Corp., please visit us at: www.crimsoncapital.org |
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| NEW MEMBER! | | |
ND Balkan is newly established management holding company, founded by ND Capital from Zurich, Switzerland. ND Balkan became part of the International Group of companies owned by the Destani family - Ecolog International and ND Group. The holding will manage entities in the Balkan region and beyond, covering Turkey, as well. Current portfolio includes companies active in Macedonia (design, project engineering and construction activities), Kosovo (textile business, media and production of mineral water) and Turkey (geothermal energy and construction activities). One of the main goals of ND Balkan is to be strategically positioned in the Balkans by investing in projects, which are sustainable, long-term and also contain broader economic and social component. Industry segments of interest vary and include: energy, construction, real estate and hospitality industry, telecommunications, financial services, healthcare, agribusiness and retail. The investment strategy is based on three core pillars: Capital investments (privatisation processes including buyout of state-owned enterprises and large scale investments in capital infrastructure projects), Coroprate acquisitions (acquisition of controlling stake in existing regional companies) and start-up projects (investment in new projects and business ideas). Our distinctive strategic approach focuses on in-depth financial and market analysis for each opportunity with detailed risk assessment. While our plan is based on growth and strategic position in the Balkans, we are interested in sustainable business models, which provide value added to the community and markets.
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UPDATED AND EDITED DAILY!
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| | We are pleased to welcome the following members of our Board of Directors elected at yesterday’s General Assembly: - Werner Hengst, Chairman of Mgmt Board, EVN Macedonia (BOD member 2010-12, re-elected yesterday); - Tibor Vidos, Chief Office for Key Issues – Makedonski Telekom AD Skopje; - Makrem Ghribi, Plant Manager – Johnson Controls Macedonia; - Miroslav Marchev, Tax and Legal Services Director – PricewaterhouseCoopers Macedonia. Thank you to all of the candidates as well as to the 43 member companies present at this important annual meeting. | | |
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| | The September/October issue of Commercial News USA is now available online. This publication features dozens of American exporters seeking partners worldwide. This issue’s featured sectors include: · Agriculture; · Environmental; · Consumer goods; · Medical/scientific products & equipment; · Hotel & restaurant equipment/food/food processing; · Automotive/aviation/marine; · Franchising; · Health & beauty/fashion; · Business services; · Building/construction/hardware; · Industrial equipment, services & supplies; · Sports & recreation; · Safety & security. | | |
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| | The Macedonian government recently decided to force private pension fund management companies to prematurely sell their Macedonian Eurobonds set to mature in 2015. Given that the funds have been the primary buyers of these Eurobonds up to this point, this sudden and radical sale will cause millions of Euros in book value losses, which will accrue directly to the roughly 300.000 individual citizen investors. It is also likely to make these instruments less attractive to other investors, making it more costly for the country to finance its debt on external markets in the future. | | |
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 | |  | | AMCHAM MEMBER EVENTS & ACTIVITIES | |  | |  |
Members only! - Don't miss the opportunity to post events, announcements and other relevant information of your company on amcham website and in the weekly e-Newsletter for free. For further information, please contact our Executive Office at 3216 714 or via communication@amcham.com.mk |
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| | PricewaterhouseCoopers Macedonia is pleased to inform you that as a result of the successfully completed PayWell Salary and Benefits Survey 2010 and 2011, we are inspired and encouraged to continue with the Salary Survey this year also. The aim of the survey is providing you with reliable information on compensation, benefits and relevant HR policies, as well as with comparative market data. In this regard we are pleased to invite you to participate in our PayWell Macedonia 2012 salary and benefits survey, that will result in a detailed report on compensation and benefits policies, operated by the companies active on the Macedonian market. | | |
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| | There`s no doubt that 2013 will be a difficult and turbulent year. It is more than necessary to set the priorities and challenges on time and to tailor policies and measures that all participants in the economic activity in Macedonia will use to face problems and seek for solutions. Given this need, Kapital Media Group, Kapital Academy and the monthly issue “Banks and business” organize the First Annual Conference for Banks and Business, named “To whom, what, how and how much will the banks lend in 2013”. The conference will be held on November 8, 2012 at the hotel Aleksandar Palace, Skopje. This conference is an opportunity for the general managers, financial directors, chairmen of boards and managers of banks and companies, entrepreneurs, investors, innovators, exporters... all of them on one place to discuss the important issues and major challenges that the economy and the businesses will be faced with in 2013. | | |
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| | “We believe that Macedonia 2025 is the right organization to create a platform for the business professionals from Macedonia and the Diaspora to get to know each other, exchange ideas, and eventually, work on joint projects. Our organization is vigorous in identifying excellent entrepreneurs and professionals from the Diaspora, but we are also looking at strong and determined Macedonian executives who are willing to make a difference.” - says Mike Zafirovski for Kapital on August 29, 2012. To read the whole interview please click here. | | |
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| | Macedonian Occupational Safety and Health Association will be organizing presentations for “Capacity building for health and safety at work” in the period between 05 - 09 November, 2012. The time and venue will be additionally announced after we determine the number of participants. This project is part of the activities of Macedonian Occupational Safety and Health Association. All legal entities who are interested participating in this project may submit a confirmation at 02/ 2774 868 or kontakt@mzzpr.org.mk latest by October 26, 2012. | | |
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| | On August 22nd, representatives of AmCham’s Board of Directors, Patron Members and Advocacy Committee presidents met with Deputy Assistant Secretary (DAS), Philip Reeker, on his brief visit to the region. The meeting was hosted by U.S. Ambassador Wohlers at the U.S. Ambassador’s residence on Vodno and focused on AmCham Macedonia’s business advocacy efforts and ways in which U.S. diplomacy may support them. Philip Reeker is now DAS for European and Eurasian Affairs in the U.S. State Department, making him responsible for U.S. relations with Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro, and Serbia. The meeting focused on current events and trends in Macedonia’s investment environment and underscored the U.S. diplomatic community’s ongoing support for AmCham’s advocacy efforts. | | |
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| | Today, AmCham in cooperation with its CSR committee successfully organized workshop “Use of Social Media in the CSR”. Our guest speakers: Ms. Iskra Trajkovska, HR Manager at Nextsense and Ms. Sanja Bozik, Project Manager at Httpool provided the audience with tips and tricks on how to use social media to better CSR. The second part of the workshop, was dedicated to the representatives of the Twitter Community in Macedonia who have the experience to spread the social idea and need through the social media: Ms. Tamara Atanasoska, Freelancer -Developer, Mr. Darjan Radenkovic, Communication and Public Relations at Winner Insurance and Mr. Dimitar Atanasov, Marketing Manager at Diem-GP. Special thanks to UACS for their generous support and excellent cooperation. | | |
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Ivo Lola Ribar 59A-1/15, 1000 Skopje
