ANNOUNCEMENT 04 May 2015

In May 2015, the government of Macedonia announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 04 May 2015 | Removal date: open ended
Still in force

Trade finance

On 4 May 2015, the Macedonian Bank for Development Promotion lowered the export factoring interest rate from 7% to 6% 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. 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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