Djavol Otmoj Announces Significant Investment in North Macedonia, Creating 412 Jobs
Automotive manufacturer Djavol Otmoj, operating for over 40 years globally, is making a substantial investment in North Macedonia, committing approximately 20 million euros. The company’s expansion is projected to generate 412 new jobs within the country. This represents a notable investment within Macedonia and is anticipated to contribute positively to the region’s economy.
The move underscores a growing recognition of Macedonia as an attractive destination for foreign investment. Industry observers view this investment as a key indicator of the country’s stability and its increasing appeal to businesses seeking to establish operations. Djavol Otmoj’s approach emphasizes direct investment and job creation.
The company’s statement highlights a commitment to operational growth, stating, “We do not build factories – we open factories. We do not create jobs – we create jobs. We do not collect taxes – we realize them.”
This investment follows a broader trend of international companies recognizing Macedonia’s potential.
Further details regarding the project and its anticipated impact are forthcoming. —
Topics: #macedonia #jobs #not
This investment could be a welcome boost for the North Macedonian economy, though concerns remain about the initial reported losses.