This content is from: Local Insights

Capital markets

According to the reports of the Macedonian Stock Exchange, in 2007 October was the month with record turnover and most foreign investments. The highest percentage of the total turnover came from the sale of a milk factory and a bank. The turnover in November was below average as a result of the security situation, which caused stagnation of the capital market. The only highlight was the entering of five Macedonian companies into the new Balkan stock exchange index prepared by Dow Jones methodology. Moreover, December was marked by record low turnover.

The capital market was influenced by the eventual entry of Macedonia into NATO, the report of the European Commission and the Kosovo issue. The stock exchanges of Belgrade, Skopje, Zagreb and Ljubljana signed a Memorandum of Partnership for closer cooperation in the international promotion of regional markets, regional issuers and products. Positive trends are expected after the start of operation of the investment funds and the issuing of corporate bonds. These mark a step forward in the development of the capital market.

On June 1 2007 a new Banking Law was passed. It amended the Securities Law regarding private offers and penalty provisions.

© 2021 Euromoney Institutional Investor PLC. For help please see our FAQs.

Instant access to all of our content. Membership Options | 30 Day Trial