The main objective of this paper is through comparative analysis of two at first sight similar, but in practice completely different European countries (Macedonia and Belgium) to show how different approaches in solving economic issues can lead to different dynamics in economic development. The...

Unlike classic private commercial banks whose beginnings are in the late 15th century, the public development banks are a relatively new phenomenon. Namely, after the WW2 when large investments in infrastructure were needed, and especially in the 1960s, when the neo-Keynesianism took the scene,...

The main objective of this study is to emphasize the importance of creating special governmental refinancing institutions targeted towards strategic economic sectors. Such institution in Macedonia is Agricultural Credit Discount Fund, a separate unit within the Macedonian Bank for Development...

Agriculture and rural development are one of the key pillars of the European Union. Macedonia as a country candidate for joining EU is entitled to financial premises of the European Instrument for Pre-Accession Rural Development (IPARD). The importance of agriculture and rural development for...

[in Macedonian] Социјалната вклученост на младите подразбира многу поширок опфат од невработеноста. Таа содржи и други димензии како што се социјалната, културната,...

The beginnings of Regulatory Impact Assessment (RIA) in Macedonia date back to 2008, first as a pilot project, then becoming mandatory for all legal proposals since 2009 as part of regulatory reforms with a declarative goal - improving the entrepreneurial environment. In 2011, the Ministry of...

Viable agricultural and rural development is almost impossible without additional finances. Agro lending allows additional capital accumulation necessary for agricultural households to increase its productivity, thus income. Unfortunately, financial institutions perceive agriculture as highly...

In countries where agriculture has substantial role in generating domestic product, sustainable agro-finance can seriously increase economic development. It is well known that agriculture is perceived as risky to be financed by commercial banks. Therefore, creating specific agro-credit lines...

Agriculture is a fundamental economic activity in Macedonia which constitutes 10% of GDP over the past decade, adding related processing industry increases this share to approximately 15%-16%. During the last period of economic restructuring, agriculture played a critical role in the social and...

In countries where agriculture has substantial role in generating domestic product, sustainable microfinance can seriously increase economic activities and hence rural development. It is well known that agriculture is perceived as specific and risky to be financed by banks. Therefore, creating a...