Financial sector in limbo as no buyers come forward for stakes in major banks and insurers that were confiscated after illegal coordination by shareholders was detected.
Separatist republic benefits from Moldova’s free trade agreement with the EU, with sales to EU countries now outstripping those to Russia fourfold, helping push total exports up 45% y/y to $184mn in Q1.
4.1% growth in first two months of 2018 indicates the economy has returned to the strong growth cycle started at the end of 2016, which seemed to have stalled at the end of last year.
Macedonia described as the "most promising chance for a democratic breakthrough" in Europe, as prospects for democracy look bleak in majority of post-communist states.
Headline inflation dropped to 4.7% in March, but the final decision on whether to resume the monetary rate lowering cycle rests on the central bank's confidence in banks' capacity to accommodate new regulations implemented last year.
Several European states followed suit but others are still considering whether to take action over the poisoning of an ex-spy on British soil, which has already triggered over 100 expulsions by western countries.