North Macedonia s economy is expected to grow by 1.7% year-on-year in 2023, local think-tank Finance Think said, lowering its previous projection of a 2% e
Oversaturated media market has led to bankruptcies
Secondary roads poorly maintained
Sources: Balkan Insight, CIA World Factbook, The Economist, Government of Canada Global Travel Advisory, International Monetary Fund, Republic of Macedonia State Statistical Office, Reuters, Transparency International, US State Department, World Bank
For more information, check out
Economically speaking, most former Communist countries fall between a less strictly directed version of the Soviet command economy and a Western-style market economy. North Macedonia has been moving toward the market model, says Viktor Mizo, managing director of Kostal Macedonia, a Ohrid-based unit of the Skopje Kostal Group, and former head of the North Macedonia Free Zones Authority and of the government’s investment and export promotion agency.