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The National Bank expects less negative effects on the economy caused by COVID-19 during the third quarter

During the regular session of the Committee for operative monetary policy at the National Bank, it was decided that the interest rate of the treasury bill will remain at the level of 1,5%. "The decrease of the discount interest rate to the current level, including the previous significant decrease of the offered amount of treasury bills, has contributed to an...

Slight increase of apartment prices during coronavirus crisis’ peak in North Macedonia

There was an increase of the apartment prices in North Macedonia during this year's second quarter, when the coronavirus crisis worsened and, furthermore, it is clear now that the prices are rising, even though the number of apartments on the market surpasses the demand. According to data provided by the National Bank, during the second quarter of 2020, the apartment...

Citizens rush for bank loans to buy goods, cars and residential homes

Analysed according to use, approved credit personal loans for consumer and housing loans, are categories most common, with a monthly rise of 1, 4 percent and 1,5 percent, while the annual rise is 12, 1 percent and 13 percent, show the latest data of the  National Bank for Monetary Activities in July this year. “For car loans, this month there...

In the first three months, €8.1 million Macedonian investments abroad

An issue that deserves attention is the question of whether there will be a time when Macedonian companies start to move investments to other countries, considering that in the first three months of this year, foreign direct investments from our country abroad amounted to €8.1 million. Data from the National Bank shows that there has been a significant increase in...

US dollar is the favorite foreign currency by Macedonian counterfeiters

Experts on submitted suspicious banknotes and coins in the past year found counterfeit denars, US dollars and euros, shows the latest report by the National Bank. From a total of 1,031 probes into suspicious foreign currency, 919 were counterfeit while 112 were original. In the total number of counterfeit notes, the most common was the US dollar (731 pieces) and...

National Bank reports favorable shifts in the economy

The committee for operational monetary policy at the National Bank, yesterday decided that the interest rate on central bank bills will remain at the same level of 2.25% due to a favorable shift in the economy. "In regard to the latest macroeconomic indicators, after a relatively solid growth of the economy in 2018, so far, available high frequency indicators of...

Bogov withdrew his candidacy for the Governor of the National Bank

Four days after his mandate expires, the Governor of the National Bank, Dimitar Bogov, withdraws from the candidacy for a second mandate, and he has already informed President Gjorge Ivanov, who proposed him for a new Govenor mandate. In a written statement to MIA, Bogov points out that he carefully followed the public debate related to the proposal for the...

The world finance elite will arrive in Skopje on Friday at a Conference hosted by the NBM

The National Bank will host a high-level international conference on Monetary Policy and Asset Management on the subject of "Global Economic Expansion, Dynamics of Inflation, Financial Stability and its Meaning for Global Asset Managing" that will take place on Friday the 16th at the Meriot hotel. "It's for the first time in Macedonia to assemble in one place high...

Bogov: Macedonian economy is prepared for possible major world financial shocks

The Governor of the National Bank Dimitar Bogov expects a reduction in the budget deficit, stabilization of both, the public debt and the economy during the next period, ready for possible turbulence in the world markets. “By using the favorable conditions for issuing the Eurobond, funds were provided for the middle of the next year, thus avoiding a period of...

NBRM: The situation in the economy for the third quarter is improving

After the decline in economic activity in the first half of the year, the data for the gross domestic product (GDP) showed a moderate increase on an annual basis of 0.%, reported the National Bank in a statement. "The growth of the activity in the third quarter was due to the export and personal consumption, while investment activity continued to...

Minoski and Bogov call on banks to open their purses to companies

Banks will release funds to invest in the corporate sector, said the Minister of Finance Kiril Minoski, and the Governor of the National Bank of Macedonia, Dimitar Bogov after the regular session of the Committee concerning financial stability in the country. “The political crisis has had an effect that resulted in a more restrictive policy from the banks, so they...

Foreign investments in the first three months amounted to 58,7 million euros

Foreign investment in the first three months of this year amounted to 58,7 million euros, which is 8.7 percent less than the same period last year, stated the National Bank. Most foreign investments are from Liechtenstein which comes to a total of 7,6 million euros, then Italy with 4,35 million euros, and lastly Austria with 3,4 million euros. In terms of...

Foreign currency reserves reduced

Until the end of June, foreign currency reserves amounted to 2,254,800,000 euros, a there is a decrease in comparison to the first quarter, when they amounted to 2,354,800,000 euros. Monetary gold reserves amount to 230 million euros, which also registered a decrease of approximately 8 million euros in comparison to the first quarter, when they amounted to 237 million euros.