Total loans extended by banks and saving houses increased 3.3% y/y to MKD 220.5bn (EUR 3.58bn) at end-April, slowing down from 4.3% y/y at end-March, according to central bank preliminary data. Annual loan growth has been declining for twelve consecutive months. The end-April total loan stock accounted for 44.8% of the forecast 2013 GDP.
Local currency loans rose 6.7% y/y to MKD 165.8bn, easing down from a 7.8% y/y increase at end-March. Foreign currency loans dropped 5.9% y/y and 0.4% m/m to MKD 54.8bn at end-April, deteriorating from a 5.0% y/y contraction the month before.
Loans to non-financial corporations (public and private) edged up 0.8% y/y to MKD 131.3bn at end-April, decelerating from 2.5% y/y a month earlier. The annual growth of loans to households (individuals and self-employed individuals) sped up to 6.9% at end-April from 6.7% the month before, totalling MKD 88.4bn.
International steel and mining company ArcelorMittal said on April 13 it has proposed a divestment package to the European Commission in a bid to obtain approval for its planned acquisition of ... more
Macedonian MPs started debating a no-confidence motion filed by the opposition VMRO-DPMNE party against the government on April 11. The opposition party accused the government of increasing crime and ... more
Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more