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About NBRMConferencesConference: Competitiveness of the South Eastern European Countries and Challenges on the Road to EU
 

Agenda for the 2008 Spring Conference of the National Bank of the Republic of Macedonia

 

"Competitiveness of the South Eastern European Countries and Challenges on the Road to EU"

Skopje, Holiday Inn (Hall Millennium 1), 30 May 2008

 

08:30               Registration

 

09:00               Opening  remarks - Petar Goshev, MSc., Governor of the NBRM         (PDF)

 

09:30               Coffee break

 

10:00               Session 1: The Path towards EU and the Single Currency

-         Growth and Economic Policy: Are There Speed Limits to Real Convergence? - István P. Székely - Research Director, DG Economic and Financial Affairs,  European Commission

      PPS

-         ECB's Monetary Policy Strategy and the Euro Area Enlargement - Massimo Rostagno, Head of Monetary Policy Strategy Division, European Central Bank

      PPS

-          Regional Overview: Competitiveness in SEE and Prospects in the Catching Up Process - Peter Mooslechner, Director, Economic Analysis and Research Section, Oesterreichische Nationalbank

      PPS

 

11:30               Coffee break

 

12:00               Session 2: Competitiveness and Experiences of the Old and New

Member States

-         The Road to the Euro: The Greek Experience - Christos Papazoglou, Head of Balance of Payments Analysis Section, Bank of Greece

      PPS

-         The Czech Republic on its Way towards Euro - Petr Král - Director of Monetary Policy and Fiscal Analyses Division, Monetary and Statistics Department, Czech National Bank

      PPS

 -         Competitiveness of Bulgaria's Economy and the Challenges of Real and Nominal Convergence - Grigor Stoevsky - Expert Economic Research and Forecasting Directorate, Bulgarian National Bank

      PPS

 

13:30               Lunch  

 

15:00               Session 3: Challenges for SEE Countries

-         Real Exchange Rate Dynamics in Macedonia: Old Wisdoms and New Insights - Sultanija Bojceva Terzijan, MSc., Head of the Economic Modelling Division, Research Department, National Bank of the Republic of Macedonia

      PPS

 -         Some Elements of the Competitiveness of the Serbian Economy - Milan Šojić, Deputy-General Manager, Research Department, National Bank of Serbia

      PPS

-          Competitiveness of the Albanian Economy with a View to Eventual EU Accession: Current Situation and Challenges Ahead - Niuton Mulleti - Head of Foreign Relations and European Integration Division, Department of Foreign Relations, European Integration and Communication, Bank of Albania

      PPS

 

16:30               General discussion

 

17:00               Concluding remarks

 

INFLATION

 

KEY INTEREST RATES OF THE NATIONAL BANK OF THE REPUBLIC OF MACEDONIA
Monetary instrumentInterest rate
Central Bank bills3.50%
Overnight credit3.87%
Overnight deposit0.75%
BANKS' RESERVE REQUIREMENTS RATIOS
Liabilities in:
Domestic currency10,00 %
Domestic currency with FX clause20,00 %
Foreign currency13,00 %
INTERBANK INTEREST RATES
Maturity SKIBOR MKDONIA
Overnight 1.91 %
1 week 2.36 %
1 month 3.24 %
3 months 3.66 %
6 months 4.22 %
9 months 4.76 %
12 months 5.21 %
Results of the last auction of Central Bank bills
Results of the last auctions of government securities
Reference rate for calculating the penalty interest rate 3,75%