Macedonias central bank has reduced the key interest rate on central bank bills from 4% to 3.75% in order to boost loan growth and thus support the local economy. The banks said that it expects sluggish recovery, controlled inflation, still slow credit growth and a balance of payments position that will provide additional reserves - all of which justify monetary easing. |
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