In an attempt to boost up a spirit of entrepreneurship among its youth, the Macedonian government has decided to offer a reduced fee to college students who wish to start their own business. The cost for filing the online registration for a new business has been decreased from 19 euros to four euros.
News of the decreased fees was welcomed by both professors and the students. Natasha Kraleva, Dean of the Faculty of Entrepreneurial Business at the University of Tourism and Management in Skopje said that the “decision is beneficial to all students who have an idea and want to start their own business.” Marijana Dimovska, a student at St. Kliment Ohridski in Bitola, believes that reduced fees ”provide an opportunity to attain professional goals without having to borrow money.”
The decision to lower registration fees for new businesses is just another positive step in Macedonia’s goal of improving the business climate and jumpstarting the economy. According to the Doing Business 2012 report, published by the World Bank and International Finance Corporation (IFC), Macedonia ranks as number one in the Southeast Europe/Central Asia region (and it’s among the top 30 in the world!) in terms of having the most productive environment for domestic small and medium enterprises.
The Macedonian government also plans to develop a teaching program on the subject of “business and entrepreneurship” that would be taught at all school levels – elementary, secondary, and higher education.
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