Economy of Skopje

The Macedonian Stock Exchange, which is the principal stock exchange in the Republic of Macedonia, is located in Skopje. It was established in 1995.

Budget

The total budget of Skopje for 2010 was 4,143,357,000 denars, or about €67 million. Of these 4 billion denars, about were 2 billion from direct taxes and $ 1 billion endowment from the state. The rest was from indirect taxes or transfers and various donations. Expenditures for the year amounted to about they 4,725,557,000 denars and it leaves a deficit of 582.2 million denars, or more than €9 million. This deficit, however, was filled with sales of securities (260 million denars) and repayments of loans granted by the city (322 million denars). In addition, 10 million denars from the budget of the year were reserved. In 2009, the municipal budget figures were very similar. However,