27th August 2025, Skopje - Macedonia stands out as the only non-EU country, alongside seven EU Member States, to be a signatory of the Memorandum of Understanding in respect of their cooperation for capital markets development, Minister of Finance, Gordana Dimitrieska-Kochoska, said in the newscast on Sitel TV Channel.
“It is one of the Ministry of Finance’s most notable initiatives in recent times, particularly as it targets the private sector. Why does this matter? When talking about capital markets, they are merely associated with the stock exchange where shares are traded. However, the significance of this Memorandum goes beyond the stock market – it provides for a platform to trade newly issued securities, particularly bonds, not just shares. Hence, a major opportunity is opened up for Macedonian companies that struggle to secure their financing through banks – they now have the option to issue their own bonds or shares”, Dimitrieska-Kochoska said. As the Minister clarified, the market is thus expanded, meaning citizens of seven EU Member States can purchase the securities of the Macedonian companies, with our citizens having the possibility to invest in the companies from these countries.
“An integrated capital market is thus created – something that has long been in place in the USA, while Europe remains restricted in this regard. This initiative, launched by the Ministry of Finance of Croatia, constitutes a significant step forward for all eight countries. A process of aligning laws and rulebooks will follow, with companies expected to begin issuing securities within two to three years’ time, allowing both domestic and foreign investors to invest in them”, Dimtrieska-Kochoska highlighted. She also expressed her pride in Macedonia being part of this initiative, emphasizing her commitment to helping companies have easier access to funding and creating a more dynamic capital market.
On Monday, in Zagreb, Minister of Finance, Gordana Dimitrieska-Kochoska, together with Ministers of Finance and Economy of Bulgaria, Croatia, Hungary, Poland, Romania, Slovakia and Slovenia signed the Memorandum of Understanding in respect of their cooperation for capital markets development.
