The gross foreign reserves managed by the central bank edged down by 0.3% m/m to EUR 2,061.8mn at end-February, according to data of the central bank. The latest monthly decrease is wider than 0.1% m/m recorded at end-January. In annual terms, the reserve stock increased by 21.1% at the end of last month, the same y/y gain as the one reported at end-January. We estimate that the reserve coverage currently exceeds four months of 2012 imports of goods and services. |
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