At present and in the long run, Macedonia does not need to sign a new arrangement with the International Monetary Fund, the vice governor of the country's central bank, Dimitar Bogov, was quoted by local media as saying. According to the official, IMF loans are sought by countries that have encountered problems in either the balance of payment or fiscal spheres. At present, the Macedonian economy does not face significant problems, he underlined. The Macedonian government has expressed plans to issue a eurobond this year to raise between EUR 175mn and EUR 250mn to refinance its foreign debt and support efforts to cut its deficit. The IMF said last month that Macedonia's economy appears to be recovering, with a growth of about 2.0% likely in 2010. |
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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