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FLASH MACEDONIA

LYCAMOBILE OFFICIALLY STARTS IN MACEDONIA

Lycamobile, the largest international mobile THE POLITICAL CRI-
virtual operator, started its operation in SIS REDUCED THE
Macedonia, which is the 21st country in
the “Lycamobile” international network. GROWTH, THE DEPOS-
„Macedonia is a country which is located in ITS AND THE FOREIGN-
the heart of Southeastern Europe, surrounded EXCHANGE RESERVES
by some of the most popular countries, and its
telecommunications industry was enriched The economy experiences growth in
by some important foreign investments in almost all activities and according to
the past years. Macedonia is our next step wherewith we continue to expand at the percentage data about the GDP,
an international level.”, stated the CEO of “Lycamobile”, Subaskaran Allirajah. for the first quarter the growth is
The operator provides low-budget tariffs for national and international calls, 2%. Still this pace is slower than the
as well as for high-quality Internet traffic. It serves more than 15 million users pace of growth so far, however also
in 21 country. “Lycamobile” expanded its activity and now it additionally offers compared to the last projections of
financial services through Lycamoney and communications services through the National Bank of the Republic of
Lycachat, which help the users to keep in touch beyond the borders. The network Macedonia, and the domestic non-
Lycamobile is available in: Australia, Austria, Belgium, Denmark, France, economic factors related to the politi-
Germany, Hong Kong, Ireland, Italy, Macedonia, Netherlands, Norway, Poland, cal events in this country additionally
Portugal, Romania, Spain, Sweden, Switzerland, Tunisia, United Kingdom and increase the uncertainty for the real-
USA. izations and the assessments of the
economic activity in the second quar-
“GRAND COUVEE” BY “DOMAINE LEPOVO” WAS ter. The unstable political atmosphere
DECLARED WORLD CHAMPION IN THE CATEGORY is also a cause for the reduced foreign
OF RED WINES exchange reserves, mostly due to the
interventions of the National Bank
The Macedonian wine “Grand Couvee” of of the Republic of Macedonia on the
the boutique winery “Domaine Lepovo” foreign-exchange market, which only
from the harvest 2013 confirmed its from April 19 until May 23, were an
high reputation bearing the title “World amount of 129 million Euros. Since
Champion” in the category red dry wines the last week of May until now the
at the 58th international wine competition foreign exchange market is stable,
“Wine Ljubljana 2016”. This wine, which almost with no need of interventions
is part of the portfolio of the premium of the NBRM. The uncertain atmo-
winery “Domaine Lepovo”, is distinguished sphere in the country also reflected
as a world champion of 412 wines from 21 on the foreign-exchange base of the
country which participated in this year’s banks, which in April experienced a
international wine show of the best, which significant fall of 2.2% on a monthly
traditionally takes place in Ljubljana. The basis, and the initial data for May
premium winery “Domaine Lepovo” has show a further trend of reduction of
three brands in its portfolio: “Chardonnay” the deposits, however much lower
whose sale on the market started in 2014, than the one in April. The reports
and “Pinot Noir” and “Grand Couvee” whose sale on the market started in 2015. from the second half of May and from
“Wine Ljubljana” is a wine competition that takes place ever since 1955 and it the beginning of June show stabiliza-
is part of the ten leading world wine competitions. The annual selection of best tion of the deposit base.
wines was performed by 40 degustators from 14 countries, some of which were
from Macedonia, according to the rules of the International Organization of Miroslav Sazdovski
Vine and Wine and the International Association of Enologists (UIE) from Paris,
France.

10 July-August 2016