Skopje, 8th January 2013 (MIA) – Today, Republic of Macedonia fully repaid the 2009 Eurobond in the amount of EUR 183 million.

According to Vice Prime Minister and Minister of Finance, Zoran Stavreski, this sends a good signal to investors that Macedonia is a country with high level of macroeconomic stability, fully settling its liabilities, which, as Minister said, is significant for the future when accessing the capital market.

– By repaying this Eurobond de facto on the short run, level of the government debt also reduced by 28.5% of GDP. Of course, by the funds we provided from the World Bank and the Policy-Based Guarantee from the World Bank we will replenish these funds, i.e. we will return the level of forex reserves, when they arrive in the Republic of Macedonia, Stavreski pointed out at today’s press conference in the Ministry of Internal Affairs.

He went on that Republic of Macedonia should repay another Eurobond in 2015, being taken in 2005 and it expects for it to be repaid in identical manner.

As for today’s auction of treasury bills, Minister said that it was carried out as usual and in addition to the repayment of liabilities upon previous actions, what is new and different is that funds in the amount of EUR 38 million were subscribed by the both pension funds, being paid to them through the Eurobond.
 

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