Macroeconomic indicators over the past three months confirm that the global financial and economic crisis is spreading to the economy of Bosnia and Herzegovina, the World Bank said, suggesting a list of immediate and medium-term countermeasures. This World Bank statement, carried out by local media on Friday, came only a …

Macedonia has problems organizing transparent public procurements tenders and is ending up with many of them getting scrapped , shows the latest research by the local Centre for Civil Communications. Having monitored public procurements and tenders in the last year , the Centre noted that only 60 percent of the …

Macedonia’s industrial output dropped a staggering 16.7 percent in January 2009 compared with the same month last year, the State Statistical Office said. The industry has been marking a steady decline over the past few months due to the global financial downturn. The latest figures show that the situation in …