The CA balance was a deficit of EUR 43mn in January, compared to a surplus of EUR 45.5mn in December and a deficit of EUR 92.7mn in January 2011, according preliminary data of the central bank. The annual improvement in the CA deficit reflects a narrower trade deficit, an increase in the current transfers and a small improvement in the income account. On the other hand, the services account balance turned negative in January, reversing a net inflow a year earlier. The trade deficit decreased by 24.8% on the year to EUR 145.3mn in January, as exports dropped by 6% y/y to EUR 208.9mn and imports contracted by 14.8% y/y to EUR 354.2mn. Current transfers increased by 18.5% on the year to EUR 113.6mn in the first month of 2012.
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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