Standard & Poor’s affirms Macedonia’s credit rating

Standard & Poor's (S&P) affirmed Macedonia’s credit rating which is a good signal for the growth of economy, good condition of the public finances and good signal to foreign investors, Deputy PM and Finance Minister Zoran Stavreski said.

It is certainly a good signal that the Macedonian economy has good growth trend, that the business climate is good, that the public finances are in good condition, and of course a good signal to investors because they take into consideration the ranking of countries and the ratings given by acclaimed international corporations, Stavreski said who attends World Bank/IMF Spring Meetings in Washington.

In this regard this is especially good that the confirmation of the credit rating of Macedonia comes at the time when there are risks in Europe and when European countries especially our neighbor Greece is facing the dilemma whether it will succeed to remain or to leave the Eurozone, he said.

For the first time meetings were focused on Greece’s leaving the eurozone – underlying positive and negative effects if this happens. An in this context, it is good to know that Macedonia has very stable conditions i.e. has lower level of indebtedness and economic growth compared to Greece and has stable economy which means that Macedonian economy will remain in the stable and growing economies, Stavreski noted.