Macedonias Central Registry starts deleting inactive companies.

By bne IntelliNews March 5, 2013
The Central Registry is starting to delete inactive companies with the first batch including 5,500 firms, Sitel TV broadcaster reported. About 33,000 domestic companies have not submitted annual accounts for three consecutive years and will be deleted according to the law. A non-compliant company still can avoid deletion if it submits a notification. This initiative is intended to provide a better picture of the economic activity in the Balkan country. According to data of the statistics office, there were 74,424 active business entities in Macedonia in 2012. Across sectors, most businesses operated in trade (27,307), manufacturing (8,251) and transportation and storage (6,445). The sectors with the smallest numbers of firms included electricity, gas, steam and air conditioning supply (134) and mining (182).
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