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Modernisation of the Private Sector for Sustainability and Decent Jobs in North Macedonia

The project aims to make businesses more sustainable, allow them to grow and create decent employment and generate higher incomes, through modernisation of their processes, facilities, and developed human resources towards more efficiency and eco-friendliness on the one hand, and facilitation of services provision by institutions and business support organisations. 
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North Macedonia
41.608635
21.745275
North Macedonia
Project duration
2023 - 2027
Financed by
  • Swiss Agency for Development and Cooperation SDC

The Western Balkans region is undergoing a new phase of economic development where SMEs are faced with the need to modernize their operations and innovate their products in order to stay competitive in the market. Structural unemployment, high inflation rates and uncertainties in the economy due to the war in Ukraine call for SMEs to urgently adopt new ways of operations. The modernization of small and medium-sized enterprises (SMEs) in North Macedonia is imperative for their sustainable growth and competitiveness in today's global market. With rapid advancements in technology, changing consumer preferences, and evolving business models, SMEs need to embrace innovation, digitization, and improved operational processes to stay relevant and thrive in the modern business landscape. Modernization can enable SMEs to enhance their productivity, expand their customer base, access new markets, and create employment opportunities, contributing to the economic development of North Macedonia.

The Project

In order to achieve the objective, the project will facilitate the adoption of modernisation and business development services by key market systems. As the project will embed a market flow development approach, potential interventions will aim to address constraints to growth in all aspects of the market: core market, supporting services and policy environment.

  • Identifying key market systems and engaging key stakeholders to increase the capacities, support services, and awareness of businesses and institutions
  • Investigating strategic supporting service sub-market systems and facilitating supporting service providers to develop new and improved products and services for modernisation of private sector; and
  • Supporting policy environment influencers to evaluate and adapt rules and regulations to better support the modernisation of private sector.

Key Market Actors for the project are:

  • Business support organizations,
  • businesses,
  • support service providers,
  • government bodies,
  • state agencies,
  • Financial Institutions,
  • sector associations etc.

The approach is to engage and work with these different groups to maximize the potential for sustainable growth.

Project Partner

Impact Foundation

Project Goals

  • Businesses with modernised processes, facilities and developed human resources are more productive and eco-friendlier

aims to facilitate modernisation of private sector, through introduction of new technologies and production processes, environment friendly and energy efficiency solutions, improved managerial capacities, modernised human resource structures and improved access to financial products. Access to finance and introduction of financial products tailored to the needs of SMEs for modernisation will further stimulate long term sustainable growth through modern approaches.

  • Institutions and business support organizations offer relevant services for continuous modernisation of businesses

aims at strengthening domestic advisory services making it more dynamic and effective for a sustainable and continues modernisation of private sector. Examples of these advisory services include business support services around human resource capacities, management, digitalisation, finance, etc., which are crucial for improving business productivity.