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The article offers a look at the post-modern reconstruction of Skopje, Macedonia, whose masterplan by Kenzo Tange embodied the elements of the City Wall and the City Gate. It describes Tange's recasting of the city as a Metabolist megastructure. Projects within the masterplan include a railway station, Transportation Centre, Telecommunications Centre and Central Post Office building and residential blocks. It presents an overview of Macedonia Prime Minister Nikola Gruevski's Skopje 2014 plan.

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Exchange rate Den:US$ (av) 2022 54.5 54.4 56.0 56.8 58.4 58.2 60.4 60.7 62.0 62.8 60.6 58.2 2023 [...]

2022 2023 2024 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr Central government finance (Den m) Revenue 62,200 64,520 66,008 65,140 66,327 [...]

Official name The Republic of North Macedonia Form of state Democratic parliamentary republic Legal system Based on the constitution of November 17th 1991 National legislature Unicameral Assembly (Sobranie) of 120 [...]

2019[sup.a] 2020[sup.a] 2021[sup.a] 2022[sup.a] 2023[sup.a] 2024[sup.b] 2025[sup.b] GDP Nominal GDP (US$ m) 12,606.3 12,361.0 14,000.3 13,711.5 14,761.2 15,701.0 17,045.9 Nominal GDP (Den m) 692,683 669,279 729,444 803,140 840,611 893,870 952,227 [...]

Land area 25,713 sq km Population 2.1m (UN, 2021) Main towns Population in '000 (2002 census) Skopje (capital): 467.3 Kumanovo: 103.2 Bitola: 86.4 Prilep: 73.4 Tetovo: 70.8 Veles: 57.6 Climate [...]

North Macedonia runs a large structural trade deficit, which is partly financed by ample transfers from abroad, such as workers' remittances. We forecast that the rare current-account surplus recorded in [...]

Forecast summary (% unless otherwise indicated) 2023[sup.a] 2024[sup.b] 2025[sup.b] 2026[sup.b] 2027[sup.b] 2028[sup.b] Real GDP growth 1.0 2.6 3.3 3.4 3.5 3.6 Industry (excl. construction) -1.0[sup.c] 3.3 3.4 3.5 3.5 3.5 [...]

The next parliamentary election must be held before the end of May 2028. We believe that the current government is likely to complete a full term and that a snap [...]

We forecast that inflation will average 3.7% in 2024 and slow further to 3.1% in 2025. We expect inflation to remain subdued in line with a greater stabilisation in food [...]

The denar is pegged to the euro, with the exchange rate held close to Den61.6:EUR1 since 2010, and we expect this policy arrangement to remain in place over the next [...]

We expect the fiscal deficit to narrow to 3.9% of GDP in 2024 from 4.9% in 2023. The 2024 budget aimed for fiscal consolidation, targeting a budget deficit of 3.4% [...]

We expect growth to pick up to 2.6% in 2024, from 1% in 2023. Growth will be supported by recovering consumption and a rise in public investment, particularly in the [...]

In June 2024 the National Bank of the Republic of North Macedonia (NBRNM, the central bank) kept its main policy rate stable at 6.3%, following five interest-rate rises in 2023. [...]

VMRO-DPMNE's election campaign focused on promises including clamping down on corruption, delaying proposed constitutional amendments and reducing the flat rate of income tax from 10% to 8%. Over the forecast [...]

The government is a coalition dominated by the right-wing nationalist VMRO-Democratic Party for Macedonian National Unity (VMRO-DPMNE), which holds 58 seats in the 120-seat legislature following elections in May 2024. [...]

Political and economic outlook North Macedonia's small, open economy is exposed to developments in the EU, and particularly Germany, the destination for almost half of its exports. The macroeconomic environment [...]

The Macedonian elites have adhered to the so-called TINA principle (There Is No Alternative) for most of the state's independent existence. Regardless of their ideological position on the specter, they shared a consensus that the country's future and prosperity lie solely in becoming members of NATO and the European Union. While the full membership in NATO was achieved in March 2020, it came at a high national cost. The EU membership remains as elusive as ever. Meanwhile, the world has dramatically changed due to the complex multipol transformation. This article highlights North Macedonia's (hereafter in the text, Macedonia) inability to craft an independent foreign and domestic policy. The key premise is that the country has aligned itself with the declining and militarized West, often against its national interests. This alignment places Macedonia in a confrontational stance toward the Rest, again at a high cost to its national interests. It appears to be a lose-lose situation. [ABSTRACT FROM AUTHOR]

In EIU's 2023 Democracy Index, North Macedonia remains at 72nd out of 167 countries and territories in the overall ranking. Its overall score has deteriorated to 6.03 from 6.10. In [...]

As a whole, European countries will see an improvement in their business environments in the 2024-28 forecast period as global economic conditions improve and (in many instances) investment incentives are [...]

Last year was the hottest on record for Europe and globally, with Europe being the fastest-warming continent. Early indications suggest that the first half of 2024 will be even warmer. [...]

The presidential election, set for April 24th, is set to be a repeat of the 2019 runoff between the incumbent, Stevo Pendarovski, and the opposition candidate, Gordana Siljanovska-Davkova, with Ms [...]

Sweden's entry into NATO will strengthen the alliance both militarily and as a deterrent to Russian incursion. Sweden applied along with Finland right after the Russian invasion of Ukraine in [...]

What's happened? In the fourth quarter of 2023 real GDP expanded by 0.9% quarter on quarter on a seasonally adjusted basis, according to the State Statistical Office. This brings full-year [...]

What's happened? Leaders from the Balkans (Albania, Bosnia and Hercegovina, Bulgaria, Croatia, Kosovo, Montenegro, North Macedonia, Romania and Serbia) and Moldova signed a 12-point declaration in support of Ukraine at [...]

There are invariably any number of risks that could derail our forecasts, and we monitor these closely as part of our operational risk coverage. Below we have outlined five key [...]

The region is set to experience a modest rise in growth in 2024, supported by easing inflationary pressures, continued real wage growth and investment. The US, Russia and China will [...]

The largest political parties have reached an agreement on holding the upcoming parliamentary and presidential elections simultaneously next year, on May 8th. Polls indicate a large advantage for the main [...]

Over the course of 2023 Russia got markedly better at evading Western sanctions, especially for key industrial components such as the microchips and electronics needed for military production. This will [...]

Until recently, bank credit to the private sector had been on an upward trend in Europe. In the euro zone, bank credit to the private sector rose from EUR10trn at [...]

Growth in Europe in 2024 will be constrained by still-elevated inflation and interest rates, although conditions will improve in the second half of the year. Domestic demand will be supported [...]

What's happened? The president of the European Commission, Ursula von der Leyen, visited Bosnia and Hercegovina (BiH), Kosovo, Montenegro, North Macedonia and Serbia on October 29th-November 1st. The aim of [...]

A meeting on October 16th in Tirana, the Albanian capital, of the Berlin Process, which brings together the EU and aspiring members in the western Balkans, highlighted the bloc's renewed [...]

Irregular EU border crossings in 2023 are set to reach the highest number since 2016 in the aftermath of the migration crisis. Syrians fleeing the civil war accounted for a [...]

Forecast summary (% unless otherwise indicated) 2023[sup.a] 2024[sup.b] 2025[sup.b] 2026[sup.b] 2027[sup.b] 2028[sup.b] Real GDP growth 2.0 2.9 3.3 3.4 3.4 3.5 Industry (excl. construction) 0.4 3.3 3.4 3.5 3.5 3.5 [...]

We forecast that inflation will average 3.4% in 2024 after remaining elevated at 9.7% in 2023. Inflation subsided to 6.6% year on year in September after peaking at 19.8% in [...]

2019[sup.a] 2020[sup.a] 2021[sup.a] 2022[sup.a] 2023[sup.b] 2024[sup.c] 2025[sup.c] GDP Nominal GDP (US$ m) 12,606.3 12,361.0 13,826.9 13,569.0 15,638.2 17,024.4 18,885.9 Nominal GDP (Den m) 692,683 669,279 720,413 794,797 889,149 951,076 1,007,123 [...]

The Organic Budget Law was adopted in September 2022, establishing fiscal rules and an independent fiscal council, aimed at strengthening the country's medium-term fiscal framework. We expect the fiscal deficit [...]

We expect growth to pick up to 2.9% in 2024, from an estimated 2% in 2023-a slower pace than other regional economies. In 2024 growth will be supported by recovering [...]

The National Bank of the Republic of North Macedonia (NBRNM, the central bank) maintains a currency peg with the euro, at a rate close to Den61.6:EUR1. In September 2023 the [...]

North Macedonia runs a large structural trade deficit, which is partly financed by ample transfers from abroad, such as workers' remittances. We forecast that the current-account deficit will narrow to [...]

Political and economic outlook North Macedonia's small, open economy is exposed to developments in the EU, and particularly Germany, which absorbs almost half of its exports. The macroeconomic environment is [...]

The government has taken policy measures to mitigate the impact of higher energy and food costs on households and businesses. Electricity prices for most households remain subsidised, leaving the public [...]

The next parliamentary election is due in 2024, and EIU expects the current government to complete its full term. In February 2023 there was a government reshuffle, expanding the coalition's [...]

The denar is pegged to the euro, with the exchange rate held close to Den61.6:EUR1 since 2010. The currency peg survived the pandemic crisis despite increased capital outflows and heightened [...]

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Exchange rate Den:US$ (av) 2021 50.6 51.0 51.8 51.6 50.7 51.2 52.1 52.2 52.3 53.2 54.1 54.6 2022 [...]

What's happened? According to data released by the State Statistical Office of the Republic of Macedonia (Makstat), consumer price inflation fell by nearly 2 percentage points from 8.3% year on [...]

The most recent parliamentary election was held in July 2020, after France vetoed the start of EU accession talks in 2019, leading to a government crisis and a snap vote. [...]

2021 2022 2023 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr Central government finance (Den m) Revenue 60,245 57,106 59,207 62,200 64,520 [...]