English to Greek Other Other Management, innovation, enterprises

Despite numbers and initiatives, clusters have still not reached the required efficiency for improving the sophistication of the business processes, while numbers on the activity of FDIs in the country indicate a low spillover effect to the local companies, absence of a more serious technology transfer, and insignificant impact on the innovation capacity of the Macedonian economy. Nonetheless, having in mind the current stage of entry for majority of the MNEs, it is quite possible that the current situation is temporary, and that the spillover will intensify in the future.