North Macedonia

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe;
- Neighbours: Greece, Albania, Kosovo, Serbia, Bulgaria.

Climate:
- warm, dry summers and autumns;
- relatively cold winters with heavy snowfall.

Natural hazards:
- high seismic risks.

Macro indicators
* 2018 estimates
Surface:25,713km2
Population*:2.1million
Pop. density*:80.9people/km2
GDP*:10.7EUR billion
GDP/capita*:5,170.0EUR

European Union:
Official candidate

Currency: Denar
Code: MKD
Since: 1993


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:17%
TOTAL NON-LIFE*:83%
Overall Property*:17%
Overall Motor*:52%


Sources:



 


Statistics

Macedonia 1Q2020 Insurance Companies Rankings

Macedonia 1Q2020 Market Portfolio


See all statistics

Latest news

GENERALI to consolidates its position on Macedonian asset management market

The Italian group GENERALI informed its Slovenian asset management arm - GENERALI Investments Slovenia - is in the process of acquiring ILIRIKA FM AD SKOPJE by merger with GENERALI Investments AD Skopje, a subsidiary of the oldest asset management company in Slovenia, GENERALI Investments. GENERALI mentioned the transaction is subject to relevant regulatory and competition approval.







HALKBANK wants to further expand activity in Balkans

Turkey-based Halkbank announced the acquisition of Macedonian Nova Insurance, and now shows interest in investing in Moldova, too. Halkbank is already active in North Macedonia and Serbia, making Moldova the third country in the region Halkbank wants to develop.












Insurer Osiguruvanje Makedonija triples Q1 non-cons net profit

Insurer Osiguruvanje Makedonija, a subsidiary of the Vienna Insurance Group (VIG), said on Wednesday that its non-consolidated net profit rose to 32.6 million denars (530,600 euro) in the first quarter of the year from 11.2 million denars in the prior-year period.


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