The CA balance was a deficit of EUR 60mn in November, which compares with a surplus of EUR 26.7mn in October and a deficit of EUR 9.4mn in November 2010, according to preliminary data of the central bank. The annual deterioration was caused mainly by a widening of the trade deficit, as well as y/y deteriorations in the services and income accounts. The trade deficit increased by 34.4% on the year to EUR 177.4mn in November, with exports rising by 5.3% to EUR 265.7mn and imports growing by 15.3% to EUR 443.1mn. The CA balance for Jan-Nov was a deficit of EUR 251.1mn (up 3.4 times on the year) or 3.4% of the full-year GDP estimate. The trade deficit increased by 19.5% on the year to EUR 1.52bn in Jan-Nov, with exports growing by 27.9% to EUR 2.9bn and imports rising by 24.9% to EUR 4.42bn.
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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