In 2010, European Bank for Reconstruction and Development (EBRD) is ready to invest in many projects in Macedonia worth up to EUR 150 million.


Government of the Republic of Macedonia adopted 2010 Draft Budget at its session held yesterday. Revenues are projected at Denar 143,257 billion, an increase by 3.4% compared to 2009, and expenditures are projected to Denar 153,720 billion or by 2.8% higher compared to 2009. Deficit is projected at 2.5% of GDP, amounting to Denar 10,460 billion.


Japan Credit Rating Agency JCR with positive forecasts for Macedonia’s credit rating. JCR has affirmed its BB+ rating with stable outlook for Macedonia, i.e. it has confirmed Standard&Poor’s expectations for maintenance of the current credit ability of Macedonia in future.


Ten best students in each generation at the Faculty of Economics in Skopje will be offered employment with the Ministry of Finance, while 20 and so student will be offered volunteering in government institutions.


IMF Mission made upward revision of GDP projections for this year, from initial 2.5% to – 1% to 1.5%.


Today, 21 October, Vice Prime Minister and Minister of Finance, Zoran Stavreski, took part in President’s Conference “Facing Tomorrow”, held from 20 to 22 October in Jerusalem, Israel, hosted by the Israeli President, Shimon Peres.


International Monetary Fund mission, headed by Wes McGrew, is on regular Article IV mission to Macedonia as from today. They will analyze 2009 and review 2010 policies, as well as the future expectations with respect to economic developments.


Today, Minister of Finance Mr. Zoran Stavreski and German Ambassador to Macedonia Ms. Ulrike Knotz signed a Loan Agreement for Water and Sewerage Programme Macedonia ad Financial and Technical Cooperation Protocol between the Government of the Republic of Macedonia and the Government of the Federal Republic of Germany.


Today, after three-day debate, Parliament of the Republic of Macedonia adopted the 2009 Supplementary Budget which includes cuts of both the revenues and the expenditures by 3.2%.


I expect economic growth from 1,5% to 2% in 2010