02/09/2017
This business plan was commissioned by Terme Spa Company from Gevgelija. The company has a control of a large parcel of land, with excellent micro location, on the road Gevgelija – Skopje, or Corridor x very close and easily accessible to the road. The size of the parcel for which an urban plan has been prepared is 8,2 hectares. Evita Company plans to invest this land, in a joint venture with large investors for developing a large and exclusive hotel, spa, and wellness complex, offering various relaxation, sports and wellness services. The purpose of this business plan is to present the ideas that Terme Spa company has for the development of the leisure and wellness business and to provide for the first feasibility assessment of such a business. Some of the proposed business lines may be operated and run differently than proposed here, if more appropriate. Republic of Macedonia managed to portray itself as a friendly investment location and attractive tourist destination. Republic of Macedonia is a candidate country for a membership in the European Union and has been awaiting for the decision of the European Council to start official negotiations on accession which is the final step before full EU accession. Macedonia has developed a highly-liberalised foreign trade policy and has signed various bilateral agreements that give local companies free access to the European Union and other markets1, thus enlarging the space in for the businesses to operate and prosper. It is well positioned and connected to Europe and the rest of the world by the crossroads of 2 main European transport corridors: Macedonia is characterized with stable monetary environment with one of the lowest inflation rates in the region and a stable currency. While the GDP growth rate seems modest (3.1% reaching near 8 billion EUR in 2013) it was one of the highest in Europe in the last four years having in mind the recent financial crises. The unemployment rate is constantly decreasing in the last 10 years. One of the key areas of reform was creating favorable taxation environment with flat tax of 10% for both personal income tax and corporate profit tax.