MACEDONIA. Notifications
MACEDONIA. Notwithstanding the foregoing, upon termination of this Agreement with respect to a country, the Territory shall thereafter exclude such country. EXHIBIT B INTENTIONALLY OMITTED EXHIBIT C
MACEDONIA. Macedonia shall progressively adjust any state monopoly of a commercial character referred to in Article 10 of this Agreement so that at the latest by the end of the third year following the date of entry into force of this Agreement, no discrimination regarding the conditions under which goods are procured and marketed will exist in Macedonia between nationals of Macedonia and the EFTA States. The Joint Committee will be informed of the measures adopted to implement these objectives.
MACEDONIA. The economy in Macedonia has strengthened over the year 2011, but now faces a worsening external environment that has created new risks and headwinds to growth. The IMF expects growth to be 3% in 2011, based largely on the strong performance in the first half year. Weak growth in trading partners and heightened financial stress in the euro area are expected to weigh on prospects for growth in 2012. These factors are expected to reduce demand for Macedonia's exports and contribute to tighter domestic financial conditions. The IMF expects growth to be 2% in 2012, with risks tilted clearly to the downside. Inflation is expected to decline to 2% in 2012, as the effects of higher food and commodity prices fade and in response to slowing domestic demand. The current account deficit is expected to be around 5.5% of GDP in 2011 and 6 to 6.5% of GDP in 2012. This reflects a slowing of both exports and imports in 2012 in response to weaker growth externally and in Macedonia. Foreign direct investment and external borrowing by the government are expected to provide adequate financing, allowing a modest accumulation of international reserves. Over the medium term the current account is expected to stabilize at levels that can be financed largely by foreign direct investment. The possibility of an accelerated economic downturn and intensification of financial stress in the euro area poses significant risks for Macedonia. In such circumstances, demand for Macedonian exports would contract sharply and external financing for the public and private sectors, including foreign direct investment, could become more scarce. The inflow of private transfers, which are an important source of support to the economy, could also be affected. In such a scenario, economic growth could fall considerably below the IMF's baseline projections, and balance of payments pressures could arise. This would negatively affect the revenues of Telekom Austria Group in Macedonia.
MACEDONIA. Evaluation of climate change impacts on energy demand. This paper may contribute to fill this gap, identifying the interactions between climate change and the energy demand in Macedonia. The analyses are conducted using the MARKAL (MARKet ALlocation)-Macedonia model, with a focus on energy demand in commercial and residential sectors (mainly for heating and cooling).
MACEDONIA
