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Macedonia at a Glance

The Republic of Macedonia is rapidly advancing on the path of political and economic reforms towards strengthening its democratic society and its open market economy. The result is political and macroeconomic stability providing much room for growth. »»

Political and Legal System

Macedonia is a sovereign republic with multi-party parliamentary democracy. Authority in Macedonia is based on the principle of strict division of functions and responsibilities among the holders of legislative, executive and judicial powers. »»

Financial System

The financial system of the Republic of Macedonia consists of the National Bank of Republic of Macedonia as a central bank, commercial banks, saving houses, exchange offices, insurance companies, financial lease companies, brokerage companies, swift money transfer companies, the Macedonian securities exchange market »»

Macroeconomic Stability

The economic performance of the Macedonian economy is expressed through stable GDP growth of around 5%, low inflation rate of 2-3% on average, fiscal discipline confirmed by the international financial institutions and a well-functioning coordination between fiscal and monetary policy. »»

EU and NATO candidate country

Membership of the European Union is the highest strategic interest and priority for the Government, an objective shared by an overwhelming majority of Macedonias citizens and all political parties. »»

Export

In the last 4 years export grew by an average of around 20 percent. »»

Foreign Direct Investments

As a result of a growing interest in Macedonia’s investment potential, a number of international companies have started operations in the country, both as greenfield projects and through different types of asset acquisition and privatization. »»

Lifestyle

Macedonia is a unique blend of ancient and modern, offering a rich multicultural experience. In a period of less than an hour one can enjoy medieval monasteries, churches, mosques, vineyards, bazaars and space age shopping centres. »»

LATEST NEWS & EVENTS

SKOPJE RANKED IN THE TOP 5 FOR HUMAN RESOURCES

12/08/2010

Skopje placed in the top 5 for human resources amongst small cities with a population of between 250,000 and 500,000, according to FDI magazine’s European Cities and Regions of the Future 2010/11 rankings.
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WORLD BANK: MACEDONIA IN TOP 10 FOR ESTABLISHING A BUSINESS IN A SHORT TIME

08/07/2010

The latest World Bank report "Investing Across Borders 2010" placed Macedonia among the ten countries where a business could be established in a short time
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