The turmoil in Greece is having an impact on financial markets throughout the eurozone, but this impact may be felt greater in its five neighbours where Greek banks have a particularly large presence: Albania, Bulgaria, Macedonia, Romania and Serbia.
Zoran Stavreski is Macedonia's deputy prime minister and minister of finance. Here he shares his views on his country’s economic outlook and prospects for EU membership with Brian Caplen.
A series of mergers will change the shape of the Greek banking sector, with three dominant players pulling away from the pack.
Société Générale has added to its Balkan synergies with the purchase of Macedonia’s Ohridska Banka – but local banks are efficient and profits are by no means a certainty. Eric Jansson reports.
Last month’s elections bring hopes for the creation of a consensual government that will further Macedonia’s economic development and lead the country to EU accession. Meanwhile, banks report good health. Tom Blass reports.
