Open Challenges to the Macedonian Economy: Proceedings, 28 and 29 September 2004, Skopje

achieved activities aggregate demand aggregate demand management average balance of payment banking sector budget Bulgaria Central Bank changes competitiveness contemporary context countries in transition create Croatia deficit Denar domestic EBRD economic growth effect efficiency enterprises environment Euro European Commission European Union exchange rate regime expenditures export factors financial sector fiscal policy fixed exchange rate foreign direct investments foreign exchange rate foreign trade framework functioning global gross investment growth rates human capital implementation important improvement increase industrial policy inflation rate infrastructure innovations institutions interest rates investors know-how knowledge labor liberalization loans low inflation low level Macedonian economy macroeconomic macroeconomic stability market economy ment monetary policy monetary strategy nomic period political potential price stability problems production real sector reforms relatively Republic of Macedonia restructuring role situation Skopje Slovenia social structure tion transition countries unemployment World Bank