The EBRD has announced updated economic projections for the countries where it operates, raising the 2011 real GDP growth forecast for Macedonia to 3.1%, up from 2.5% forecasted in May. On the other hand, the EBRD has lowered by its growth forecast for 2012 to real 3%, down from 3.1%. GDP is projected to increase by 0.3% y/y in Q4 2011 and by 5.2% y/y in Q4 2012. The institution notes that Macedonia is among the countries benefiting from the global demand for key metal commodities from the region. The EBRD also comments that economic growth in Macedonia is further driven by an ongoing boom in construction. The EBRD also published its latest projection for the average inflation in Macedonia in 2011, which is 5.1%, up from 4.3% forecasted in May. |
Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more
The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more
Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more