Economy of Skopje

country has severely affected the secondary and tertiary industries. Indeed, in the port of Thessaloniki, Greece, formerly exported a significant share of Macedonian products and abandoning the Communist system has precipitated the closings and bankruptcies of formerly national companies. The conflict betweenMacedonians and ethnic Albanians had a negative impact on the economy by making investors wary of putting their money in such a market.

The unemployment rate in the city was 14.07% in 2002 which is lower than the national unemployment rate of 19%. Also as of 2002, the city has roughly 64,000 companies. To solve its economic challenges, the city relies on integration in preferred economic areas. It is focused on the clean-up of factories, education and development of tourism programs, and the use of tax-free economic zones such as Bunardzik just outside of Skopje. In addition to services, Skopje has many factories. The most important activities are the processing of metals, chemicals, textiles, printing and others. Many notable companies based in Skopje include ArcelorMittal Skopje, Oil Refinery, Alkaloid, Titan cement plant, and Skovin Winery