POTENTIALS OF REPUBLIC OF MACEDONIA TO OFFER OUTSOURCED SERVICES
POTENTIALS OF REPUBLIC OF MACEDONIA TO OFFER OUTSOURCED SERVICES

Summary/Abstract: The aim of this paper is to explore the current state of the affairs with the market of the offshoring services by providers from Republic of Macedonia. We have found that Country has potentials for offshoring of accounting and related services. Exploitation of these potentials would result in significant contribution to the development of the accounting profession and to the employment of young graduates. However, significant efforts are needed in the Country to upgrade the level of services and the acumen of the providers in the areas that they identify as week. Overall, thee accountants in Macedonia are familiar with the possibility of provision of various business services to companies abroad and some of them already are engaged in such business models. Respondents, generally, had favorable opinion on the readiness of their organizations to engage on the market of online services. The weak business links and networking skills within the profession were assessed as week, which is in dissonance with the expressed overall optimism. The results were triangulated with interviews with some leading accountants and they mostly confirmed the findings of the survey. However, they call for the state to help with clustering or similar resource pooling vehicles and/ or bilateral agreements with some interested countries since that they are able to accommodate to the foreign standards and requirements. In these terms, we offer some practical recommendations to the profession and to the policy-makers for further promotion of this business opportunity.

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