Article: Macedonia: World Bank supports business environment reform.

M2 PRESSWIRE-22 June 2005-WORLD BANK: Macedonia: World Bank supports business environment reform(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:21062005

Washington - The World Bank today approved a US$11.3 million loan for the Business Environment Reform and Institutional Strengthening Project (BERIS) for Macedonia.

This project will assist the government in its efforts to improve the business environment and facilitate foreign and domestic investment efforts.

The business environment in the country suffers from a number of constraints, among which are a heavy regulatory burden on business - a survey conducted by FIAS (Foreign Investment ...

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