The Minister of Economy and Finance, Hristo Hristov Mitzkoiski, stated that financial assistance received from the European Union has served as a significant catalyst for the national economy. He noted that the country’s economy has sustained a growth rate of 3% over several quarters, a figure that surpasses the overall European Union growth rate by two percentage points. The Minister highlighted the critical role this incoming money played in restructuring the Eurofund, transforming it from an initial amount to a dedicated allocation of €250 million.
These funds were strategically divided, with €250 million earmarked for societal development and another €250 million dedicated to bolstering the broader economy. Furthermore, the financing included a 1.95% capital increase within the commercial banking sector, which contributes to the nation’s overall Gross Domestic Product (GDP). Looking ahead, the projections indicate that the country’s economy is set to achieve 3% growth in real parameters between the third quarter of 2024 and the first quarter of 2026.
This growth trajectory is presented in contrast to the expected growth rates of other major economic blocs; specifically, the EU’s largest partner is projected at 1.4%, and the Eurozone at 1.25%. According to the Minister, this data suggests a strong comparative performance for the national economy within the current financial framework.
Topics: #economy #euros #money
