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MACEDONIA, GREEK BUSSINESMEN OPPOSE DOUBLE TAXATION



National.

Business community in Macedonia and Greece called for timely signing of bilateral agreement on avoidance of double taxation between the two countries.

Branko Azeski, the president of the Economic Chamber of Macedonia, called on his Greek counterpart George Kassimatis to urge both governments to sign such an agreement immediately.

According to statement released by Economic Chamber of Macedonia, the initiative was backed by Greek side. Business communities in both countries share the view that this process needs to go on regardless of development of the current political processes, and should be in the spirit of the interim treaty.

The regulation of double taxation avoidance is a priority that will have a direct impact on the volume and quality of Greek investments in Macedonia, as well as on economic cooperation in general, the statement said.
Greece, EU member, is the second largest trade partner of Macedonia and also a third largest partner in general with 15% share in the country's overall export and 8.5% share in country's import.


MD: Greek investments compromise 15.26% of overall investments in the country.

[Makfax]

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February 27 2010:
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