Tuesday, December 9, 2008

MACEDONIA: Global Crisis Could Effect Trading Balance and Investments in Macedonia

If the global financial crisis lingers, Macedonia could expect an indirect effect on the trading balance and the investment dynamics, said Economy Minister Fatmir Besimi after promotion of the National Internship and Job Placement Program.

According to him, the financial sector is, for now, stable, whereas large companies have strategic plans for their future business operations.

"At the moment, there are no signs of a domestic generated crisis, while indirect implications could surface on our trading balance and investment dynamics in the sense of their delay, if the global crisis lingers throughout 2009", stressed Minister Besimi.

The Government remains on the position that the set of implemented economic measures enable the private sector to deal with all challenges.

"The Government's economic program for improvement of the business climate, reduction of business costs, contributions, customs fees, increase of competitiveness at the labor market enable companies to cope with the challenges", added Besimi.

He emphasized there are initial crisis signals, but official economic indicators - GDP, industrial production, credits and deposits - have shown an upward trend.

Source: www.vlada.mk

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