The Awards Committee of the prestigious international Institute of Transport Management, headquartered in the UK, announced today that Macedonia, through its Invest Macedonia Marketing Team, has been chosen as the ‘Best Economic Development Region’ for 2008.

Commenting on the award to Macedonia, Mr. Patrick Sheedy, Media & PR Director for the Institute of Transport Management said: “In light of the current economic and political circumstances in Macedonia, particularly the progressive commercial climate being nurtured by the Government, European investors would do well to consider Macedonia as a potential setting for their own growth and development.”

The judging criteria include marketing campaigns, geographic location, incentives for multinational companies, tax rates, and infrastructure.

The Institute of Transport Management has over 17,500 members, manufacturers and servicers of the automotive, automobile and transport industry worldwide, including the biggest manufacturers of automobiles and automotive components.

This award was initiated in the mid-1990s. Among the past recipients are Bavaria and several cities from the UK.

For more information, as well as the original notice, please visit: www.itmworld.com .