DESPOTOVSKI: WE DON’T GIVE MONEY IN ADVANCE – THE COMPANY HAS DEADLINES AND OBLIGATIONS TO FULFILL

DESPOTOVSKI: WE DON’T GIVE MONEY IN ADVANCE – THE COMPANY HAS DEADLINES AND OBLIGATIONS TO FULFILL

“With the new concept of TIDZ, we have introduced mechanisms for the protection of public interest,” said Jovan Despotovski, director of TIDZ, for Kanal 5 news.

“Absolutely all customers, both potential and current, go through a detailed screening process. We are hiring an international auditing firm, which in the initial report on this company did not indicate any serious risk. And the contract itself, which we signed yesterday, contains protective clauses. The granting of the state aid depends on the dynamics with which the investor will realize the investment and, of course, on the fulfillment of the conditions stipulated by the contract. The company will not receive money in advance but has specific deadlines and dates that must be met. I note that the state support will be implemented in the next 5 years and as I said we have mechanisms to protect the public interest,” said Despotovski in connection with the agreement signed yesterday with the German company “NEXT.E.GO MOBILE” which will invest in a factory for the production of electric cars.

Despotovski indicated that the first Macedonian-made e.GO cars are expected in 2024.

“The factory for electric cars in Tetovo will start to be built in the fall, and according to the contract, trial production is expected in 2024. That is the goal that the investor, according to the business plan and the contract signed yesterday, is obliged to fulfill,” announced the director of TIDZ, Jovan Despotovski in the news of Kanal 5.

Despotovski also emphasized that it is a company that is closely related to the Technical University of Aachen, which is in the top two percent of world universities according to all global rankings. The company’s investment in Tetovo is 130 million euros, and it is planned to create 900 new jobs, as well as gross salaries, which on average reach 2.5 times the average in the country. The state aid will not exceed 35 percent of the total investment, and the allocation of the funds depends on the dynamics of the realization of the investment and fulfillment of the conditions stipulated by the agreement. The company will not use tax exemptions, but is fully obliged to pay them to the Budget and public funds of the state. This model of state support is in line with EU regulations, and is equally available to all foreign and domestic companies.