According to Governor Dimitar Bogov, Greek crisis cannot influence the banking sector, but it will have an impact on trade with this country.
Companies exporting to that market can experience consequences. The need for placement of Macedonian products will be reduced due to reduction of the purchasing power of Greeks.
Foreign trade with Greece in the first quarter of 2013 amounted to 51.89 million dollars, in 2014 for the same period – 48.48 million dollars, while this year in the first quarter, it was 41.62 million dollars.
Following the years, external trade from 2008 to 2012 has seen a steady decline.
2008 = 536.37 million dollars
2009 = 291.65 million dollars
2010 = 246.20 million dollars
2011 = 218.01 million dollars
2012 = 188.49 million dollars.
Export from Macedonia to Greece is also decreasing since the global crisis in 2008.
export = 245.093 million dollars
import = 448.650 million dollars
export = 218.014 million dollars
import = 569.750 million dollars
export = 187,981 dollars
import = 803,714 dollars
export = 211.919 million dollars
import = 697.787 million dollars
export = 226.688 million dollars
import = 667.292 million dollars
Governor Bogov informed that Greek investments to date amount to 433 million euros and most of them are mainly implemented by the start of the crisis in 2008. Since then, they are reduced to a minimum.
Last year the net inflow was 3.5 million euros, and from the beginning of the year, it is 300,000 euros.