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Country data

Population:
2.0 million
Area:
26,000 sq km
Capital:
Skopje
Currency:
Denar

Key developments and challenges

  • Economic performance worsened considerably in 2012, with tentative signs of recovery emerging in 2013. The economy slipped into recession in 2012, with GDP declining by 0.3 per cent. Some signs of recovery emerged in the first half of 2013, but weakness in the eurozone continues to weigh heavily on growth prospects.
  • Limited progress has been achieved on the privatisation front. Efforts to complete four remaining large-scale privatisations have been unsuccessful owing to limited investor interest.
  • Important reforms have been implemented in the roads sector. The formation of the independent Public Company for State Roads is expected to help accelerate the implementation of projects in this sector. In addition, the government has initiated the formation of a public-private partnership (PPP) for the construction of part of the Corridor 8 motorway.

FYR Macedonia in the 2013 Transition Report

 

Building in FYR Macedonia

Our work in FYR Macedonia

In FYR Macedonia our support to local and regional transport networks is promoting economic development and trade.

FYR Macedonia

Key facts about the EBRD's work in FYR Macedonia

No. of projects

90

Net EBRD investment

€1,160 million

Gross disbursement

€575 million

Portfolio in private sector

29%

 

Last updated 31 December 2013

View factsheet


Our strategy in FYR Macedonia

The Former Yugoslav Republic of Macedonia (FYR Macedonia) continues to meet the conditions specified in Article 1 of the Agreement Establishing the Bank.

FYR Macedonia has made steady progress in transition over two decades, but still faces significant challenges across sectors. Given that the country is small and landlocked, the key challenge is to increase FYR Macedonia’s level of integration into regional and global markets. The Bank is well positioned to assist in this process both by supporting the development of key transport corridors, allied to strong and intensified cooperation with key partners such as the European Union and the European Investment Bank, and by promoting private sector development and cross-border trade and investment, building on the numerous business-friendly reforms introduced by the authorities over recent years.

Read strategy

CONTACTS

Soravia Centre Skopje, 7th floor,
Filip II Makedonski no. 3,
1000 Skopje,
FYR Macedonia

Tel: +389 2 3297 800
Fax: +389 2 3231 238