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The economy of North Macedonia has become more liberalized, with an improved business environment, since its independence from Yugoslavia in 1991, which deprived the country of its key protected markets and the large transfer payments from Belgrade. Prior to independence, North Macedonia was Yugoslavia's poorest republic (only 5% of the total federal output of goods and services). Successful privatization in 2000 boosted the country's reserves to over $700 million. Also, the leadership demonstrated a continuing commitment to economic reform, free trade, and regional integration. The economy can meet its basic food, coal and hydroelectric power needs but depends on outside sources for all of its petroleum and natural gas and most of its modern machinery and parts. Inflation jumped to 11% in 2000 largely due to higher oil prices, but the currency has calmed since the exchange rate was normalised when the EU Stabilization and Association Agreement entered into force in 2004. North Macedonia experiences one of Europe's biggest growth rates at an average of 4% (even during the political crisis) making it comparable to nations such as Romania and Poland.
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Tender Notices - Request for Proposal/Request for Quotation or Tenders is an invitation for suppliers, often through a bidding process, to submit a proposal on a specific product/work/service.
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Project Information - Projects come much before tenders in the project life-cycle. Projects are "broad" notices indicating the sector in which the buyer will procure goods or services in future. This helps manufacturers/suppliers to get ready and arrange for resources for the future big orders and they can plan the expansion of their business.
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