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CONTENTS

Table 1: Republic of Macedonia - Basic Macroeconomic Indicators  
Table 2: Basic Macroeconomic Indicators in the Selected Transitional Economies  
Table 3: Gross Domestic Product (real growth rates)
 
Table 4: GDP (Expenditure approach)  
Table 5: GDP (Production approach)  
Table 6: Basic short-term macroeconomic trends  
Gross Domestic Products  
Prices  
Foreign Trade  
Short term economic developments in the Republic of Macedonia (January 2005)  
External debt of the Republic of Macedonia  
Table 7: Revenues and Expenditures of the Central Budget of the Republic of Macedonia (According to the GFS methodology)  
Table 8: Budget - Central Government  
Table 9: Functional classification of Central Budget expenditures  
Table 10: Balance of Payment of the Republic of Macedonia  
Treasury bills – basic features  
Table 11: Pension and Disability Insurance Fund  
Table 12: Health Insurance Fund  
Table 13: Employment Fund  
Table 14: Road Fund  
Macedonian Stock Exchange – January 2005  
Table 15: Macedonian Stock Exchange - Report on Trading, 01.01 – 31.01.2005  
Money and Short-term Securities Market  
Deposits of physical persons at the banks and savings houses  
Interest rates on denar and foreign exchange deposits at the commercial banks in the Republic of Macedonia  
Information on credit lines for small and medium- size enterprises  

ARTICLES
--- In Brief  
Finance & Development From Fixed to Float: No More Fear  
Saso Kosev, Ph.D. Social Accounting Matrix – significant component of the macroeconomic analysis and planning  
Svetlana Janevska Property tax and its legal changes in the light of the government decentralization process  
Suzana Stoimceva World Bank Arrangements aimed at support to structural reforms in the Republic of Macedonia  
Boro Petkoski Analysis of the trade deficit of the Republic of Macedonia