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Macedonia low tax rates and free economic zones have helped to attract foreign investment, which is still low relative to the rest of Europe.
Macedonia’s economy is closely linked to Europe as a customer for exports and source of investment, and has suffered as a result of prolonged weakness in the euro zone.
Medium. Unemployment has remained consistently high at about 23%, but may be overstated based on the existence of an extensive gray market, estimated to be between 20% and 45% of GDP.
Pegged to the euro.
Still relatively low compared to its Western Balkan neighbors and the rest of Europe.
Macedonia maintained macroeconomic stability through the global financial crisis by conducting prudent monetary policy, which keeps the domestic currency pegged to the euro, and inflation at a low level.
English is not spoken.
High level of corruption.
We have a strong position in Europe B2B and Europe trade.
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