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The Economical Reforms of The Republic of Macedonia after The Independence

Author

Listed:
  • Radovanovik-Angjelkovska Tamara

    (Assistant Professor, Faculty of Economics and Administrative studies, International Balkan University,Macedonia,)

Abstract

After the independence of Republic of Macedonia in 1991 the Macedonian government had to undertake arduous economical reforms in order to fulfill the European Union economical criteria’s given in Copenhagen to the countries that wish to become full member states of European Union. The reforms were made in macro economical policies and some structural changes were made in the economy. The new laws of central Bank in 2002 and 2003 had provided legal background for the monetary policy. However some of the remaining problems are high unemployment rate, high rate of grey economy, low level of foreign direct investments.

Suggested Citation

  • Radovanovik-Angjelkovska Tamara, 2014. "The Economical Reforms of The Republic of Macedonia after The Independence," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(7), pages 71-76, July.
    • Handle: RePEc:mir:mirbus:v:4:y:2014:i:7:p:71-76
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