FYROM: Skopje hosts conference on companies financing in crisis

Bank loans should remain main source of financing companies. In spite of the rising trend in granting loans, companies are still need them  although their price is much higher than the optimal one, Finance Minister Zoran Stavreski said Wednesday at a conference on companies' financing in the period of crisis, organized by the European Business Association and the Konrad Adenauer Foundation.
As a result of the global crisis, enterprises  were providing poor funds via bank loans turning to their financing sources, Stavreski said.

To the situation of decreased credit activity, FYR Macedonia, as many other countries, has responded by providing favorable loans from international financial institutions and building the capacity of state financial institutions, Stavreski said.
The crediting activity, which this April was higher for 8 percent, should reach 10-12 percent by the yearend, which is a solid rate considering the current situation, Stavreski said.

News source: Balkans.com link: article