As I have previously said, the Republic of Macedonia is a small country, but investment in the Republic of Macedonia should be seen on a regional level, because investment in the Republic of Macedonia means easier access to further investments in the region.
There is a very low-priced labour market in the Republic of Macedonia. There is great potential regarding tax facilitation, flat taxes, a free economic zone in which we expect major companies to invest. We have ratified agreements with most of these states prior to the recession and the economic crisis. Unfortunately, these grand companies were influenced by the economic crisis; thus they postponed but have not abolished their investments in the Republic of Macedonia.
Regarding renewable resources, as I have mentioned before, there are a lot of types of energy that can be produced in the Republic of Macedonia, even though the Republic of Macedonia is a small state. On the other hand, the region and the neighbouring states are hungry for energy.
Besides the thermal and hydro energy centrals that are present in the Republic of Macedonia, in the recent past we have been paying great attention to the sun as a renewable resource in the Republic of Macedonia. This is a potential area of finance for providing energy from the sun in the Republic of Macedonia. The major part of the year is sunny in the Republic of Macedonia; thus we can produce a great amount of solar energy in our country.
So far, unfortunately, we have not found gas or oil. If we discover gas or oil, we will benefit from it. Even though some explorations have said there is a lot of oil in the Republic of Macedonia, we have not proven these explorations yet.
Thank you.