AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 31 December 2012, the Macedonian Bank for Development Promotion lowered the export factoring interest rate from 8% to 7% per annum. The export factoring interest rate is the rate which Macedonian export-oritented business entities pay as part of the export factoring support (i.e. a form of trade finance loans with recourse, offered to entities for their exporting activities) that the Macedonian Bank for Development Promotion offers to them exclusively.
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