After attracting an initial wave of investment in the 1990s from such institutions as National Bank of Greece and Slovenia’s Nova Ljubljanska Banka, FYROM is now seeing a second wave of entrants in the banking sector as a result of accelerating economic growth and personal incomes as well as the prospect of Nato and EU membership. This year, GDP is forecast to come in at a record 6.5% level, and gross average monthly incomes have passed the €500 level, increasing the bankability of the country’s 2 million-strong population.
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