This information comes from the assessment conducted in country for the Macedonia report, which was published in 2005.
The Macedonian bankruptcy law is modeled, in large part, upon the Croatian law The Croatian law, in turn, is closely modeled on the 1994 German bankruptcy law. Commentators have noted that the law does not take local conditions into account. The main difference from the German/Croatian law, however, is that the Macedonian law contains modifications that bolster workers rights. This is the one area where local conditions (i.e., the need to preserve employment) were incorporated into the legislation.
Key Development Data & Statistics
Year
Latest Data
External debt stocks (% of GNI)
2007
37.6
GDP (current US$) (billions)
2007
7.7
GNI per capita, Atlas method (current US$)
2007
3.470
Population, total (millions)
2007
2.0
Population growth (annual %)
2007
0
Exports (current US$) (billions)
2008
4.4
Imports (current US$) (billions)
2008
6.7
Top Exports: food, beverages, tobacco
Top Imports: machinery and equipment, automobiles, chemicals
Source: World Bank Group 2009, CIA World Factbook 2009
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