The European Bank for Reconstruction and Development (EBRD) revised downwards its projection for Macedonia economic growth in 2012 to 0.3%, down from 0.5% projected in July, the bank said in the latest issue of its Regional Economic Prospects report. The banks forecast for real GDP growth in the country in 2013 remained unchanged at 2%. Economic growth in Macedonia has slowed down substantially this year on the back of weaker demand for exports, lower FDI and reduced remittance flows. The countrys economy contracted in the first half of 2012, and only minimal growth is projected for the year. Annual GDP growth is forecast at 1.8% in Q4. The EBRD projects average inflation of 3.5% in 2012. Earlier this month, the IMF forecasted that Macedonias real GDP will increase by 1% in 2012 and by 2% in 2013.
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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