Conference for the promotion of constructive capital

The Institute for Democracy “Societas Civilis” – Skopje organized a conference to promote constructive capital, which is the final event of the project Addressing Corrosive Capital, supported by the Center for International Private Enterprise (CIPE). The conference was held on October 6, 2020. at the Hilton Hotel, starting at 10.30 am.

The event was opened by Ivana Najdoska, Program Director at the Institute for Democracy, John Kay, Program Officer for Europe and Eurasia at the Center for International Private Enterprise (CIPE) and Jarek Buss, Economic Director at the US Embassy. Fatmir Bytyqi, Deputy Prime Minister in charge of economic issues, coordination of economic sectors and investments, also addressed the conference. In the introductory speeches, it was said about the establishment of the Foreign Direct Investment Mechanism, which is of great importance, about corrosive and constructive capital, that corrosive capital are investments that lack transparency, accountability and good governance and have the effect of undermining the rule of law. in the earth. But there was also talk about investment screening, which is taking responsibility for the future and when it is implemented successfully, it will show a determination to prioritize long-term prosperity over short-term comfort, and at the same time it is a sign of political maturity and responsible governance. Fatmir Bitici emphasized that all the following reforms should be implemented, but also that they should be followed by a change in the habits and awareness of everyone in society. The first panel discussion was about the “Mechanism for checking foreign direct investments – Why and how?”. The second panel discussion was about “Democracy that Delivers: Promoting Constructive Capital in Southeast Europe”. The last panel discussion was on “Pitfalls and challenges: How to integrate companies in European supply chains?”. NEXT-EM dooel also had its presence.