START OF CONSTRUCTION WORKS OF VITEK
Italy’s Vitek launched construction works for the reconstruction of a hall in the Technological Industrial Development Zone “”Skopje 1″”.
The company, which is expected to complete the reconstruction by year’s end, produces high-pressure hydraulic fittings and armored rubber hoses for numerous industries.
EUR 10 million are expected to be invested in the next three years by Vitek, also opening jobs for 150 persons. The company plans an annual production intended for export in amount of over EUR 20 million.
Owner Andrea Vitillo said Macedonia was offering several benefits for companies, such as cheap workforce and eased administrative procedures.