PM Gruevski: IMF confirms Macedonia's status as low-debt country

Yesterday the International Monetary Fund (IMF) publicly ranked Macedonia among the countries with low-debt, amounting at 26 percent of the GDP, Prime Minister Nikola Gruevski said.

In spite of the accusations of the opposition parties, in particular SDSM, that Macedonia has been heavily indebted, the VMRO-DPMNE-led Government has manged for these years in power to reduce the country's debt from 39 to 26 percent, thus putting it on the list of low-debt states, Gruevski said.

"I believe it is one of two or three countries with lowest debt-to-GDP ratios in Europe," he said.

Commenting the Government's project for presenting Macedonia as attractive business destination worldwide, the so-called road shows, Gruevski said it was cost-effective, considering the expressed interest for new investments in the country.

"The interest of investors has been growing, as we have managed to reach to senior representatives of companies that seek locations on  new markets and turn their attention to Macedonia," Gruevski said.

These presentations have already animated a larger number of companies and the PM expects for them to take concrete actions next year in terms of commencing procedures for construction of own branches in Macedonia.

Next week, Gruevski said, the Parliament is expected to approve the Government's decision to offer subsidies to low cost airlines  in an attempt to attract more tourists, passengers to both Skopje and Ohrid airports in 2012.

"After the adoption of 2012 budget, a legal procedure for allocating of these funds will kick off. We hope to attract new or some of existing low-cost companies to introduce new routes, which should naturally bring in more people who wish to visit Macedonia.

This year the number of tourists in Macedonia has been for 25 percent higher in comparison to 2010, the PM said, expressing hope for much better results in 2012.