ANNOUNCEMENT 10 May 2016In May 2016, the government of Macedonia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Macedonian Bank for Development Promotion (English) Export Factoring Interest Rate Lowered to 5%. http://www.mbdp.com.mk/index.php/en/news/431-export-factoring-interest-rate-lowered-to-5
On 10 May 2016,the Macedonian Bank for Development introduced lower export factoring interest rates.
Specifically, the Macedonian Bank for Development Promotion lowered the export factoring interest rate from 6% to 5% per annum ( a rate that is exclusively designated to benefit Macedonian exporters).Specifically,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.