SKOPJE (Macedonia), May 14 (SeeNews) – The Macedonian economy is expected to increase by 3.0% and 2.5% in 2014 and 2015, respectively, the European Bank for Reconstruction and Development (EBRD) said on Wednesday.
The EBRD has kept unchanged the 2014 economic growth forecast for Macedonia compared to previous projection in January, data of the EBRD report indicated.
Economic performance has considerably improved in Macedonia in 2013 with the output growing by 3.1% driven primarily by a strong rise in investment, the EBRD said in its Regional Economic Prospects Report.
Macedonia continues to make strong effort to attract much-needed foreign direct investment (FDI), and these efforts should maintain positive growth prospects in the coming years and enable the country to reap the benefits of sustained macroeconomic stability and business environment reforms that have been pursued in recent years.