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Tag: drop

Macedonia Economy 03.03.21 | 09:33

2020 GDP drop slowed down in the last quarter, estimated at 4.5 percent for the whole year

Macedonian GDP dropped 4.5 percent for 2020, the State Statistics Bureau informed. The drop slowed down to 0.7 percent in the last quarter of the year, after the free-fall in the middle of the year. Worst hit was manufacturing, which declined by 10.6 percent in the last quarter. Opposite that, real-estate...

Economy 09.11.20 | 22:30

Macedonia’s economy will contract by 5.4 percent in 2020

Macedonia is projected to have an economic decline of 5.4 percent in 2020. According to a report prepared by the IMF and the World Bank, Macedonia will be in the middle of the pack in the Balkans. Serbia is projected to be best in Europe, with a decline of just 1.5 percent, and Bulgaria will decline...

Economy 01.10.20 | 14:36

Macedonia down 5 positions in doing business rankings

Macedonia is 5 positions down on the ranking list for doing business in the report of the European Chamber. This year, on the list of 46 European countries, Macedonia is close to the bottom, at the 36th position. Macedonia with the most significant drop in the climate for doing business of the European...