Page 19 - Ekonomija i Biznis_May 2016.indd

MEGA INРTУEБRРVИIEКWА

(photo: Еconomy and business

The stable exchange rate against the euro has served the Macedonian
economy well for 19 years and there is no reason to change it. After
all, both theory and practice have shown that a small open economy
cannotconduct a fully independent monetary policy and it is good to

import the stability of a large currency area

odically and reviews information and mate and the long-term macroeconomic
analyses about the level of systemic risk stability. They create solid foundations
in the banking sector. In addition, all the for the Macedonian economy.
institutions you mentioned meet several
times a year and inform each other of What are the three biggest chal-
the situation in the banking sector, the lenges for the future of the Macedonian
insurance sector, pension funds, invest- economy?
ment funds, leasing companies and fi-
nancial companies, thus contributing to D. Bogov: The biggest challenge is
the early identification of potential risks to catch up with the fourth industrial
in the financial sector. revolution. If we missed the first three,
we should not miss the one happening
What do you think are the three now. The fourth industrial revolution
strongest features of the Macedonian is based on digital technologies. Smart
economy? cars that will drive on their own, smart
appliances that communicate with each
D. Bogov: No doubt those are the solid other, web platforms for virtually ev-
base of new export-oriented production ery aspect of the economy, culture, en-
capacities, the favorable business cli- tertainment. The main resource in this

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