Page 45 - Ekonomija i Biznis_oktomvri 2016.indd

Graph no. 1 The contribution of the specific activities in the annual change of the added value of the corporate sector

РУБРИКА(left) and the productivity of the corporate sector (right)

percent denars

Source: State Statistical Office and calculations of the National Bank of the Republic of Macedonia

companies located in the technological- The corporate sector has an important
industrial development zones enjoy nu- participation in the creation of the gross
merous tax, customs and other benefits domestic product and at the same time
which are borne by the country (Law on it is the largest employer in the economy.
technological industrial development With the exception of the years of 2009
zones). In addition, the connection of the and 2012, the added value of the corporate
companies from these zones with the lo- sector achieves almost continuous growth
cal businesses (which, for example, would in the past ten years and it contributed
have a role of suppliers of the foreign com- with 93% in the total growth of the Mace-
panies from the development zones, and donian GDP. The average annual growth
would reduce their import dependence) of the added value of the domestic enter-
is still limited, and precisely such connec- prises calculated for the past three years is
tion would have long-term contribution in 6.4% (3.4% of the total GDP) and almost all
the economic development of this country activities of the corporate sectors partici-
(IMF Country Report No. 15/242: 2015 Ar- pate in its creation (the activities of struc-
ticle IV Consultation, page 23, paragraph tural engineering, trade, transport, ware-
31). Therefrom the successfulness and the housing, catering and industry contributed
volume of the effects from the past action the most). The corporate sector absorbs
of the companies in the free zones should approximately 75–77% of the total number
be determined by conducting a compre- of employees in this country, whose aver-
hensive cost-benefit analysis which is not age monthly net-salary is approximately
a subject of research of this text. Still, one 85-87% of the average net-salary paid to all
should consider that the companies from employees in this country.
the technological-industrial development
zones have a share in the realizations and In the past ten years the assets of the
in the performances of the total corporate domestic enterprises have increased by
sector, presented below, particularly in the approximately 80%, and the relative par-
past few years by putting the new produc- ticipation of the assets in the total GDP has
tion capacities in function. increased, from 246% in 2006 to 266% in
2015 (the presented data about the activi-

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