Macedonian Economy and Trade

[fyrOM]

Trade in the first six months this year increased by 10.3 percent from the same period last year

http://www.idividi.com.mk/Biznis/MakBiznis/618594/index.html

Skopje, August 6, 2010 (AP) - The volume of trade of the Republic of Macedonia in the period from January to June 2010 is 10.3 percent higher compared to the same period last year, the State Statistical Office.

The total value of exports of goods in January-June 2010 is 1.436 billion, and imports 2.44 billion. Coverage of imports by exports was 58.8 percent. The trade deficit in January-June 2010 is 1.004 billion dollars.

Most exported products of iron and steel (rolled products), clothing, and processed feronikelot of oil, mostly imported crude oil, motor vehicles for transport of people and electricity.

In January-June 2010 the largest share in exports of goods have member EU 27 (61.6 percent) and Western Balkan countries (31.2 percent). In imports, however, most countries are participating States of the EU 27 (52.6 percent) and developing countries (28.2 percent).

The total volume of foreign trade, Republic of the most trade with Germany, Greece, Serbia, Russia and Bulgaria, 43.7 percent of total foreign trade is conducted with these five countries.


A reason to hang in on the name. No eu and the economy is still going.

[George S.]

good to hear that macedonia is doing well but the trade deficit is a worry.

[Prolet]

Its going good at the moment from what i can see, by next year if we continue wih this tempo the trade deficit will be much better as this is the year when they expect the EU to be out of the global recession.

There should be more foreign investment by the end of the year and from next year it will be much easier this is why the Governent is focuing on the road and energy projects. The Railway is also important.

[CA_RO]

Macedonia: Learn to diversify and explore markets

[B]

The total volume of foreign trade, Republic of the most trade with Germany, Greece, Serbia, Russia and Bulgaria, 43.7 percent of total foreign trade is conducted with these five countries.

Macedonia should start trading with Romania as well. We have an enormous amount to offer.

Romania is open and always open to trade with other countries in Europe and other countries around the world. All you have to do is tap us on the shoulder.

Macedonia could start by bringing mining companies into Romania. Romania ranks 10th in the world for natural resources this would bring huge money into Romania and Macedonia (in terms of Macedonian companies eying profit rises).

I hope to see Macedonian investments in Romania. Macedonia should be diversifying its target markets - Romania should be included for some of the valid reasons I explained to you.

Macedonia should learn how to move away from its traditional markets and tap into unexplored attractive markets like Romania in the Europe.

A lot of work for Macedonia in that regard. Macedonia is making small steps but needs to do more.

Source:

http://en.wikipedia.org/wiki/Mining_industry_of_Romania

[Rogi]

It's practically impossible for Macedonian companies to invest in any large projects that require significant capital, and this is particularly more so if they want to invest in projects outside of the Republic of Macedonia.

The fact is, the Republic of Macedonia is capital poor. To put this into perspective, there are no Venture Capital firms in the Republic of Macedonia. In fact, in Macedonia even angel investors and business incubators are few and far between.

So raising capital in Macedonia for projects in Macedonia, let alone elsewhere, is extremely difficult, because there is no such capital to speak of and this in itself is a major hindrance to the economic development of the Republic of Macedonia.

The only substantial liquid funds in Macedonia are the Foreign Exchange reserves held by the Government, which amount to ~$2B and are unlikely to be used for any capital projects outside of the Republic of Macedonia (with the possible exception of a nuclear plant in Bulgaria, pending further consideration) and particularly not after the announcement of the 2009-2016 8 Billion euro infrastructural investment plan.

[CA_RO]

Small Market

It's practically impossible for Macedonian companies to invest in any large projects that require significant capital, and this is particularly more so if they want to invest in projects outside of the Republic of Macedonia.

The fact is, the Republic of Macedonia is capital poor. To put this into perspective, there are no Venture Capital firms in the Republic of Macedonia. In fact, in Macedonia even angel investors and business incubators are few and far between.

So raising capital in Macedonia for projects in Macedonia, let alone elsewhere, is extremely difficult, because there is no such capital to speak of and this in itself is a major hindrance to the economic development of the Republic of Macedonia.

The only substantial liquid funds in Macedonia are the Foreign Exchange reserves held by the Government, which amount to ~$2B and are unlikely to be used for any capital projects outside of the Republic of Macedonia (with the possible exception of a nuclear plant in Bulgaria, pending further consideration) and particularly not after the announcement of the 2009-2016 8 Billion euro infrastructural investment plan.

I agree. It is difficult especially with Macedonia being a very very small market. Isn't there some way where Macedonia can invest in Romania for example through a loan or a private public partnership?

[fyrOM]

More than just an economic co production haha but I have included this article because of the claim to invest in Stip as a surprise for the Macedonia people. Maybe its one to watch. Small tows like Stip need investment.

Because Vesna invest in Macedonia

http://www.vest.com.mk/?ItemID=7909BD3C360D9C4494BD1743EFA9467B

Austrian Jurgen Majksner originating from noble family Meghner...

Austrian-in-law did for Vesna promised to invest in Macedonia. The second year is already present in the Internet telephony network in Macedonia. With its Macedonian partner Stip soon announce a new technological boom which did not disclose details. They say they want to be a surprise for Macedonian citizens.