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Macedonia

Macedonia is vulnerable to economic developments in Europe - due to strong banking and trade ties - and dependent on regional integration and progress toward EU membership for continued economic growth. Macroeconomic stability has been maintained by a prudent monetary policy, which keeps the domestic currency pegged against the euro. As a result, GDP growth was modest, but positive, in 2010 and 2011, and inflation was under control.


The Macedonian government has undertaken significant reforms in many sectors of the economy over the past few years, inspiring economic growth and the development of a thriving entrepreneurial sector. The economy recorded one of the five largest gains in economic freedom in the 2012 Index, and its overall score has improved a remarkable 10.5 points since the country first appeared in the rankings in 2002. Competitive flat tax rates and a growing financial sector that allocates credit on market terms contribute to private-sector dynamism, as do the country’s open-market policies related to trade and investment.

 

 

Key facts and figures:

 

Area:   25'713 km2
Capital:   Skopje
Population:   2,08 million (2015)
Currency:   Macedonian denar (MKD)
     
Volume of pharmaceutical market:   USD 165.67 million
Of which imported drugs:   45-50%
No. of hospitals:   118
No. of physicians:   4418
No. of pharmacies:   1006
     
Our subsidiary:   Ewopharma AG
Representative Office
Anton Popov str. № 1-2-3
1000 Skopje
Republic of Macedonia
E-Mail: info@ewopharma.mk
     
Employees:  
Administration 1
Sales and Marketing 3