16th July 2018, Skopje – Crowdfunding applied in Macedonia, i.e. the concept of raising funds from large number of investors for financing companies, will contribute to greater and better access to capital for small- and medium-size enterprises, especially for start-ups. Possibility for introducing such manner of financing in Macedonia was discussed at the Council for Capital Market Development, being held in the Ministry of Finance today.

As being pointed out at the Council, there are already Crowdfunding success stories in the region, such as Croatia, which through an Estonian crowd-funding platform, successful raises funds for investments in projects. It was underlined that Crowdfunding is also significant given the fact that the business entities seeking funding must have their companies registered, as well as that the financing is carried out via the bank channels.

 

Council for Capital Market Development is chaired by Minister of Finance Dragan Tevdovski, having as its members the Governor of the National Bank Anita Angelovska – Bezoska, the Minister of Labour and Social Policy Mila Carovska, the Minister without Portfolio Zoriza Apostolska, the Minister of Economy Kresnik Bektesi, Presidents and Directors of the regulatory bodies:  the  Securities and Exchange Commission, the  Insurance Supervision Agency, the Agency for Supervision of Fully Funded Pension Insurance and the Macedonian Stock Exchange.  

 

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