AmCham Bulgaria and AmCham North Macedonia: Creating Business-Friendly Environment Strengthens Relationship Between Both Countries

The American Chamber of Commerce in North Macedonia and the American Chamber of Commerce in Bulgaria signed a Memorandum of Cooperation which envisages targeted activities in the direction of enhancing the economic cooperation between the two countries through the real sector. On behalf of their respective organizations, the document was signed by Jelena Arsovska, Executive Director of AmCham North Macedonia, and Petar T. Ivanov, CEO of AmCham Bulgaria.

The Memorandum of Cooperation, that was signed in Sofia, stipulates that both organizations will invest knowledge, efforts, and energy to promote trade and investment cooperation between businesses, will cooperate in organizing business round tables, analysis, and advocacy for improving the investment climate between both countries. Additionally, both American Chambers agreed that they will professionally support both governments in their business-related initiatives, policy introduction, as well as in achieving economic integration in the region.

L/R: Dragan Davitkovski, President, AmCham N. Macedonia, Petar T. Ivanov, CEO, AmCham Bulgaria, Jelena Arsovska, Executive Director, AmCham N. Macedonia and Jordan Dimitrov, AmCham N.Macedonia Board Member

“The idea is to bring an even greater economic perspective to both countries by mapping future business and investment opportunities and providing support in the realization of real business. By creating a business-friendly environment, we will provide support to both economies and strengthen our friendship through positive examples of cooperation in the real sector, said Jelena Arsovska, Executive Director of AmCham North Macedonia.

Her colleague from AmCham Bulgaria, Petar T. Ivanov, added: “This is not only a symbolic act of signing this Memorandum. It is a stamp of our will to work closely with our friends in the Republic of North Macedonia by utilizing our business acumen, ties, and wisdom to give our stake for bettering the economic perspective of both countries and the region”.


Business Opportunities Discussion

Besides signing of the memorandum, during their visit to Sofia, Dragan Davitkov, President of the Board of Directors of AmCham North Macedonia, and Petar T. Ivanov, CEO, AmCham Bulgaria, participated in a panel discussion “Business Opportunities with North Macedonia” organized by the Capital Executive Club, and supported by AmCham Bulgaria. The focus of the economic part of the panel was to promote the investment and business potential of our country, as well as the importance of strengthening the economic relationship between the two countries which is a top priority for the future development of EU-Western Balkans relations. Тhe cooperation between the two countries reflects many years of successful trade relations that position Bulgaria as the second largest destination for export/import to and from North Macedonia.

L/R: Dragan Davitkov, Milena Dragiyska, General Manager, Lidl Bulgaria, Vanya Manova, General Manager, MasterCard Europe, Ognyan Georgiev, (Moderator), Capital Weekly, Petar T. Ivanov, CEO, AmCham Bulgaria

Additional information

For AmCham North Macedonia

The American Chamber of Commerce in North Macedonia is a business association representing 130 companies of various sizes, from almost all economic sectors, conveying their voice for a sustainable, predictable, and competitive business environment through advocacy, event organization, and best practice sharing. AmCham North Macedonia is an accredited member of the American Chamber of Commerce in Washington, USA and an organization of American Chambers of Commerce in Europe.

AmCham North Macedonia’s publication