• Thursday, 02 January 2025

Angelovska-Bezhoska expectsa more stable economic environment in 2025

Angelovska-Bezhoska expectsa more stable economic environment in 2025

Skopje, 30 December 2024 (MIA) - National Bank Governor Anita Angelovska-Bezhoska expects economy to be better in 2025, with inflation continuing to stabilize and growth to accelerate.

"In the coming year, there is no doubt that maintaining macroeconomic stability will continue to be our priority, as it is a key prerequisite for higher economic growth. The National Bank will also be committed to supporting the structural transformation of our economy. Green transition and digitization are not only modern priorities, but strategic directions that open the path to sustainable growth, new jobs and better competitiveness. The National Bank will continue to actively support green financing, thus encouraging environmental responsibility in economic activities. In addition, with the support of the fintech sector and digital innovations, we create new opportunities in modernizing financial services, better accessibility for citizens and an incentive for the growth of entrepreneurship," Angelovska-Bezhoska pointed out.

In a New Year's note, the Governor mentions, among other, some of the challenges and results over the past year.

She points out that thanks to the careful management of the monetary policy and the implementation of macroprudential measures by the central bank, in addition to the reduction of inflation, financial stability has also been strengthened.

Angelovska-Bezhoska highlights as noteworthy the National Bank's submission of a formal request for the country's accession to the Single Euro Payments Area (SEPA), which represents a key step forward in joining the European payment systems and getting closer to the European Union. The benefits for citizens and the economy from SEPA membership are multiple and include faster, more efficient and cheaper cross-border payments.

"We leave behind a year in which we learned important lessons and made significant steps forward. A new year is ahead of us, which offers new opportunities. Through reliable economic policies, we will take advantage of the opportunities, while carefully managing the risks that will continue to exist. Together, with appropriate macroeconomic and structural policies, we can build an economy that is stable, inclusive and ready to face the challenges of tomorrow. I wish all citizens happiness, health and success in the New Year 2025! The National Bank is a reliable partner in creating a better future for all of us," Governor Anita Angelovska-Bezhoska said in her New Year's message.

Photo: National Bank