By Oonagh Leighton
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| Krkoska: on radar screens |
THE SUCCESS OF the Republic of Macedonia’s debut Eurobond, issued at the end of 2005, is one indication that the small republic, formerly part of Yugoslavia, is taking strides towards becoming a functioning market economy. The execution of the $150 million 10-year bond with a yield of 4.7%, led by Citigroup, also highlights the benefits of being a country in play for accession to the European Union. “It is very hard for a country like Macedonia to even get on the radar screen,” says Libor Krkoska, senior economist for Macedonia at the European Bank for Reconstruction and Development.
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