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The University of Tourism and Management in Skopje (UTMS) in 2007 established the Fund "Prof. Dr. Ljube Milenkovski " in order to provide support and assist in the development of education and science of the Republic of Macedonia through scholarships for talented students that have achieved high results in learning and studying, through organizing various activities and projects in the field of education and science that contribute to raising the quality of education and science as well as of the development of methodology in education.