President Gordana Siljanovska-Davkova received the Governor of the National Bank, Anita Angelovska-Bezoska, who informed her about the economic situation and expectations, in accordance with the macroeconomic projections of the National Bank.
At the meeting, it was concluded that price and financial stability are the foundations of a healthy economy, in which investments and businesses can thrive, as well as that without them the economy is sensitive to shocks that disrupt growth and reduce public confidence in financial systems. In this regard, it was emphasized that the policies and measures of the National Bank for maintaining price and financial stability ensure sustainable economic growth.
Considering the key role of the National Bank in protecting these fundamentals, as essential for creating a stable and predictable environment for businesses, investors and households, President Siljanovska-Davkova expressed support for her commitment to maintaining sound monetary and financial policies, a resilient economy and a prosperous future.
At the meeting, the Governor said that the average inflation in 2024 was 3.5%, which is in line with the National Bank’s projections, and a decrease to around 2.5% in 2025 and a return to the historical average of 2% in the medium term is expected. In terms of economic growth, a moderate acceleration, i.e. recovery of economic activity, is expected. The economy will be supported by credit activity, further expansion of the deposit base and a stable banking system. However, due to the existing risks, it is of particular importance to pursue prudent macroeconomic policies. In this regard, Governor Angelovska-Bezoska emphasized that the National Bank will continue to implement well-designed policies, which will ensure long-term macroeconomic stability and guarantee sustainable economic growth.
The interlocutors also exchanged views on the possible impacts of global economic developments and geopolitics on the Macedonian economy, the reasons for the sensitivity to external shocks, the factors influencing the increase in foreign direct investment, as well as the necessary measures for fiscal consolidation.
The talks expressed expectation that the Growth Plan for the Western Balkans of the European Union will have a positive impact on the economy and the implementation of the country’s Reform Agenda.
In the end, the Governor informed President Siljanovska-Davkova of the efforts and commitments for the country’s inclusion in the European Euro Payments Area (SEPA) as soon as possible in order to increase the efficiency of payments in euros and further develop and integrate into the common European market.