ANNOUNCEMENT 31 Dec 2012In December 2012, the government of Macedonia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Macedonian Bank for Development Promotion (2012) Export Factoring Interest Rate Lowered to 7%.http://www.mbdp.com.mk/index.php/en/news/203-export-factoring-interest-rate-lowered-to-7
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.