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.
Macedonia’s October 15 local elections are seen as a popularity test for both the governing Social Democratic Union of Macedonia (SDSM) and for VMRO-DPMNE, which went into opposition in May after ... more
A Macedonian court has sentenced the attacker of a former opposition MP to four years in prison, media in Skopje said on October 12. The assault took place during the protests in the ... more
Macedonia’s FON University, owned by businessman Fijat Canoski, has signed a memorandum of cooperation with investors China’s Yida Construction and local firm FINE to build a university campus ... more