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“The PEXIM Foundation for Cambridge Scholarships is formed as a non- profit organization carrying forward the PEXIM brand name and successes of PEXIM Group in the South East Europe region. The Foundation works with the Governments of Serbia and Macedonia as well as private sector to ensure that Cambridge students, our scholars, have worthwhile jobs to come back to."


    Mihail Petreski
    President

   

 

About us

Welcome from the President

Mihail Petreski, President

Mihail Petreski, President

The PEXIM Foundation for Cambridge Scholarships is formed as a non-profit organization carrying forward the PEXIM brand name and successes of PEXIM Group in the South East Europe region.  As soon as the Foundation was formed, we immediately initiated talks with its two key partners: the Governments of Serbia and Macedonia and the University of Cambridge.  Both of these partners are instrumental to our success.

The Foundation works with the Governments of Serbia and Macedonia as well as private sector to ensure that Cambridge students, our scholars, have worthwhile jobs to come back to.  The PEXIM Foundation seeks commitment from the Governments of Serbia and Macedonia that Cambridge graduates will be, upon successful completion of their studies, allocated jobs contributing to their most efficient use in the economy and/or public administration and also provided with incentives to give their best effort in their jobs.  With their knowledge, skills and experience, PEXIM scholars should increase their country’s capacities for EU integration and its competitiveness in the regional and global market.

Throughout this effort, the Foundation enjoys excellent cooperation with the University of Cambridge International Office and Cambridge Overseas Trust which welcomed the idea and expressed willingness to support it.  This has been of key importance to the success of the Foundation’s goals.

If we look at the big picture, the PEXIM Foundation confronts issues influencing the very core of development potentials of Serbia and Macedonia.  The 2009 World Economic Forum’s Global Competitiveness Report (GCR), the most comprehensive and authoritative assessment of the comparative strengths and weaknesses of 133 national economies, revealed that one of the key problems of both Serbia and Macedonia is the “brain drain”.  Both countries are amongst the ten worst ranked countries in “brain drain” in the world.  This alarming fact says that our educated youth is leaving the country and looking for prosperity somewhere else.  The PEXIM Foundation is an effort which will hopefully point to this serious issue and give impetus to solving it.

The history of PEXIM begins in 1990 in Skopje, Macedonia and Belgrade, Serbia, when the company providing development, implementation and support of solutions in the banking, financial, telecom and government sectors was established.  From 1990 to 2008, PEXIM has grown to include a group of companies with presence in Serbia, Macedonia, Bulgaria, and Bosnia and Herzegovina employing more than 450 people.  It became the leading regional company in the area of banking IT systems, providing services for more than 200,000 corporate and 2,000,000 individual clients.  Our mission was always to ensure top solutions, adjusted to the specific requirements of each client, while respecting world standards.  In January 2008, PEXIM became member of Asseco SEE, part of Asseco Group, one of the ten largest IT corporations in Europe.  Entering the Asseco SEE group further strengthened PEXIM’s position in the Balkans, as we continued expanding our competencies to ensure better and stronger presence in European and the Middle Eastern markets.


The idea to establish PEXIM Foundation first emerged in 2009 when PEXIM partnered with Cambridge Director of the CULP (Cambridge University Language Programme) of Serbian origin Nebojša Radić, to bring the University of Cambridge basketball team to visit Serbia and Macedonia and play with home teams.  In 2010 this idea expanded to include providing scholarships to talented students from both Serbia and Macedonia – where PEXIM’s growth first begun – to enable them to study at one of the most prestigious Universities in the world with one condition: to come home and help their country prosper.

 

To our scholars, I have but one message:


Yours is to study.  We will find ways to support you.   

Mihail Petreski
President

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