FINANCING OF WINE SECTOR IN THE REPUBLIC OF NORTH MACEDONIA THROUGH FOREIGN DIRECT INVESTMENTS

Abstract

The agricultural sector in the Republic of Northern Macedonia seeks to attract increased foreign direct investment (FDI) as a potential important contributor to filling the investment gap and providing development benefits. The whiskey sector could benefit from FDI, which is mainly derived from inflows of funds, increased investment in fixed and infrastructure capital, technological overflow, increased human capital investment, more job opportunities, knowledge transfer, managerial, organizational and institutional capital, new business opportunities for local companies through service contracts, exploitation of viticulture and winemaking opportunities, and promotion of new value chains, integration into the world economy and productivity growth.

Implementation of agricultural policies that contribute to the development and greater competitiveness of agriculture, including in viticulture, means providing favorable access to credit, covering some of the costs of raising vineyards and subsidizing grape production. Implementing an agrarian policy that results in the development and enhancement of the competitiveness of Macedonian wine should make our wine recognizable and the world should recognize grape and wine producers as serious and quality agribusiness partners.