Macedonia is among the countries that have made the greatest progress according to the 2010 Index of Economic Freedom, announced by the Heritage Foundation and the Wall Street Journal.


Fiscal policy cannot do anything more than what it does in terms of its support to the economic activity, but the monetary policy contribution is missing, Vice Prime Minister and Minister of Financed said in the interview for “Kapital” magazine.


Budget is in good condition. As of December inclusive, total revenues accounted for 96.3% of the projections, whereas budget deficit was within the preliminary projections at the planned level of 2.77% of GDP.


Capital investments performance as of 30th December inclusive accounted for 73.5%, Vice Prime Minister and Minister of Finance Zoran Stavreski announced, following the signing of the Sub-Loan Agreement within the Municipal Services Improvement Project, financed by the World Bank.


Kocani Municipality will use EUR 600,000 under World Bank Municipal Services Improvement Project to reconstruct part of water supply network.Vice Prime Minister Zoran Stavreski and Kocani Ratko Dimitriovski singed the Sub-Loan Agreement today.


With 66 yes votes, one no vote and no abstentions, Parliament of the Republic of Macedonia adopted Thursday the 2010 Budget, according to which revenues are planned to Denar 143,257 million, and expenditures are planned to Denar 153,720 billion. Deficit is projected at 2.5% of GDP, amounting to Denar 10,460 billion.


Today, Payment Agency, through which IPARD funds will be realized in Macedonia, received accreditation from the European Commission, Ministry of Finance announced.


On Tuesday, World Bank approved US$ 30 million development loan to the Government of the Republic of Macedonia as budget support for economic reforms and development policies.


Today, President of the Government of the Republic of Macedonia, Nikola Gruveski and Vice Prime Minister and Minister of Finance, Zoran Stavreski met with the delegation from the French Bank Société Générale Group, headed by Jean-Louis Mattei, head of the International Retail Banking.


Consolidation of supervisory institutions in Macedonia into one institution, in line with the experience of the European countries and recommendations following the financial crisis for consolidated supervision of banks, insurance companies, investment and pension funds and the Stock Exchange.