Official Name: Republic of Macedonia
Capital: Skopje
Total area: 25 713 km2
GDP per capita: $10,718
Native Language: Macedonian
Government: Parliamentary republic
Population: 2,058,539
Major Religion: Orthodox Christianity
Monetary Unit: Macedonian denar (MKD)

Macedonia, officially the Republic of Macedonia, is a country in the central Balkan Peninsula in south-eastern Europe. It is one of the successor states of the former Yugoslavia, from which it declared its independence in 1991. In 1993 it became a member of the United Nations, but was included on an interim basis due to a dispute with Greece over its name Designation for the Former Yugoslav Republic of Macedonia, sometimes abbreviated as FYROM.

Business
Macedonia was ranked the fourth best reforming state among 178 countries by the World Bank in 2009 and has undergone significant economic reforms since gaining independence. The country has developed an open economy in recent years, with trade accounting for more than 90% of GDP. Macedonia has experienced steady, albeit slow, economic growth since 1996, with GDP growth of 3.1% in 2005. This figure is projected to increase to an average of 5.2% over the period 2006-2010. With inflation at just 3% in 2006 and 2% in 2007, the government has proved successful in its efforts to fight inflation, implementing policies aimed at attracting foreign investment and supporting the development of small and medium-sized enterprises (SMEs). ) to promote ). The current government has introduced a flat tax system to make the country more attractive to foreign investment. The flat tax rate was 12% in 2007 and was further reduced to 10% in 2008.

Despite these reforms, the unemployment rate in Macedonia in 2005 was 37.2% and the poverty rate in 2006 was 22%. Macedonia has one of the highest proportions of people struggling financially: 72% of citizens said they could only get by on their household income “with difficulty” or “with great difficulty”, with Macedonia being the only country next to Croatia did not report any increase in this statistic in the Western Balkans. Corruption and a relatively ineffective legal system also significantly impede successful economic development. Macedonia still has one of the lowest GDP per capita in Europe. In addition, the country's gray market is estimated at almost 20% of GDP.

http://www.immigration-residency.eu/counsel/europe/north-macedonia/