1988 - 1999 Privatization Transaction Data
Source: World Bank, 2000 (amounts in US$ millions)
Year Country Company Sector Share sold (%) Sale Amount Foreign exchange earned on transaction Financial Notes Purchaser(s) Name of purchaser(s)/Additional details
1997 Macedonia Jugotutun - Sloga Tobacco 100.0 0.0 0.0 Direct sale Foreign investor Foreign investor
1997 Macedonia Transkop Transport 100.0 0.1 0.1 Issues of shares foreign investor Foreign investor
1997 Macedonia Radika Manufacturing 100.0 0.2 0.2 Issues of shares foreign investor Foreign investor
1997 Macedonia Skopski Pazar Wholesale 100.0 0.2 .. Management buy-out Local investor  
1997 Macedonia Jugotutun-Pijanec Tobacco 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Edinstvo Textiles 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Oprema Machinery 100.0 0.3 .. Management buy-out Local investor  
1997 Macedonia Tane Calevski Metallurgy 100.0 0.1 .. Management buy-out Local investor  
1997 Macedonia Skopje-Tajmiste Minerals 100.0 0.1 .. Management buy-out Local investor  
1997 Macedonia MZT-HEPOS Railway 100.0 0.2 .. Management buy-out Local investor  
1997 Macedonia MZT-Zemjodelska Agriculture 100.0 0.1 .. Management buy-out Local investor  
1997 Macedonia Monting Hydropower 100.0 0.2 .. Management buy-out Local investor  
1997 Macedonia Fabrika za dobitocna hrana Food 100.0 0.1 .. Management buy-out Local investor  
1997 Macedonia Jugotutun-Treska Tobacco 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Skopje-Banjani Stones processing 100.0 0.1 .. Company buy-out Local investor  
1997 Macedonia Patnicki soobrakaj Transport 100.0 0.1 .. Company buy-out Local investor  
1997 Macedonia Pobeda Engineering 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Frinko Electricity 100.0 0.2 .. Management buy-out Local investor  
1997 Macedonia Silika-Dolomit Chemicals 100.0 0.2 .. Management buy-out Local investor  
1997 Macedonia Pelagonija Agriculture 100.0 0.6 .. Management buy-out Local investor  
1997 Macedonia Interimpeks Wholesale 100.0 0.2 .. Management buy-out Local investor  
1997 Macedonia Haum Naumovski Chemicals 100.0 1.7 .. Management buy-out Local investor  
1997 Macedonia Makoteks Wholesale 100.0 0.2 .. Management buy-out Local investor  
1997 Macedonia Zito Skopje Food 100.0 0.2 .. Management buy-out Local investor  
1997 Macedonia 4 Noemvri Food 100.0 0.1 .. Management buy-out Local investor  
1997 Macedonia Alumina Metals 78.6 0.4 .. Management buy-out Local investor  
1997 Macedonia Astibo Textiles 66.0 0.3 .. Management buy-out Local investor  
1997 Macedonia Biljana Brewery/Wine 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Boro Petrusevski - Papucar Tobacco 64.8 0.3 .. Management buy-out Local investor  
1997 Macedonia Crn Bor Manufacturing 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Dijos - Masiv Manufacturing 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia 9 Maj Electricity distributor 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Idnina Minerals 100.0 0.1 .. Management buy-out Local investor  
1997 Macedonia Ineks - Drim Hotel 100.0 0.2 .. Management buy-out Local investor  
1997 Macedonia Jugotutun - Nada Butnikosareva Tobacco 100.0 0.1 .. Management buy-out Local investor  
1997 Macedonia Jutotutun Tobacco 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Males - Svinjarska farma Agribusiness 68.0 0.0 .. Management buy-out Local investor  
1997 Macedonia MZT FAM Machinery 88.4 0.2 .. Management buy-out Local investor  
1997 Macedonia MZT Pumpi - Inkom Manufacturing 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia MZT Pumpi Manufacturing 100.0 0.1 .. Management buy-out Local investor  
1997 Macedonia Ruen Machine tools 100.0 0.5 .. Management buy-out Local investor  
1997 Macedonia Sigurnosni pojasi Machinery 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Silika - Alumosilikat Manufacturing 75.4 0.3 .. Management buy-out Local investor  
1997 Macedonia Silika - Remont Services 78.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Stocarstvo Agriculture 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia ZIK Tetovo Storage 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia ZIK Tetovo - Mlekara Dairy 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia ZIK Tetovo - Vardar Agriculture 100.0 0.0 .. Management buy-out Local investor  
1997 Macedonia Zletovo Chemicals 100.0 1.1 .. Management buy-out Local investor  
1997 Macedonia Zivinokoop Trade 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Agrohrana Agribusiness 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Agrom Trade 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Agrovardar Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Crvena Zvezda Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Crevena Zvezda - Tarinci blok B Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Crvena Zvezda - Tarinci farma Financial 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Crvena Zvezda - Tarinci lozarstvo Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Crvena Zvezda - Tarinci mlin Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Crvena Zvezda - Tarinci poledelstvo Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Crvena Zvezda - Ugostitelstvo trgovija Catering 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Crvena Zvezda - Mlekara Dairy 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Dobra voda Trade 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Jovor Forestry 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Jugotutun - Mosa Pijade Tobacco 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Letnica Fishing 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Makedonka - Opstestven standard i trgovija Hotel 100.0 0.1 .. Employees buy-out Local investor  
1997 Macedonia Mehanika Remont Automotive services 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Metodi Mitevski Brico - Stocarstvo Gajranci Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia MZT Energomont Invest Manufacturing 100.0 0.1 .. Employees buy-out Local investor  
1997 Macedonia MZT Zaednicki raboti Services 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Ovce Pole - Agroprom Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Prespansko Ezero Trade 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Prespateks - Resena Textiles 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Progres Trade 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Tromet Trade 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Sirma Galica Mining and quarrying 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia RZ Skopje - Fiord Manufacturing 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Skopska Crna Gora Promet Trade 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Tehnopromet Trade 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia ZIK Tetovo - Koo-prom Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia ZIK Tetovo - prerabotka - klanica Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Trgotekstil - Zaednicki sluzbi Services 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Triko Textiles 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Union-mak Catering 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Vera Jocik Textiles 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia Vimek-trade Agriculture 100.0 0.0 .. Employees buy-out Local investor  
1997 Macedonia 8 Noemvri Cement 100.0 0.0 .. Sale of ideal part Local investor  
1997 Macedonia Blagoj Muceto - Pecatnica i knigoveznica Services 100.0 0.0 .. Sale of ideal part Local investor  
1997 Macedonia Blagoj Muceto - Univerpak Services 100.0 0.0 .. Sale of ideal part Local investor  
1997 Macedonia Jugotutun - Mara Dimova Tobacco 100.0 0.0 .. Sale of ideal part Local investor  
1997 Macedonia Makpetrol - Kompoziti Services 100.0 0.0 .. Sale of ideal part Local investor  
1997 Macedonia Makpetrol - Teas Chemicals 100.0 0.0 .. Sale of ideal part Local investor  
1997 Macedonia Makpetrol - Tema Metals 100.0 0.0 .. Sale of ideal part Local investor  
1997 Macedonia Makpetrol - Temko Chemicals 100.0 0.0 .. Sale of ideal part Local investor  
1997 Macedonia Porcelanka Manufacturing 76.9 0.1 .. Sale of ideal part Local investor  
1997 Macedonia Struga Agriculture 100.0 0.0 .. Sale of ideal part Local investor  
1997 Macedonia 11 Oktomvri - Pecatnica Services 88.8 0.1 .. Company buy-out Local investor  
1997 Macedonia Atom Transport 65.2 0.1 .. Company buy-out Local investor  
1997 Macedonia Avtocentar Automotive services 78.4 0.0 .. Company buy-out Local investor  
1997 Macedonia Crvena Zvezda - Blazo Sandev Agriculture 100.0 0.0 .. Company buy-out Local investor  
1997 Macedonia Ineks Ezerka Manufacturing 83.1 0.1 .. Company buy-out Local investor  
1997 Macedonia In-komerc Trade 87.6 0.1 .. Company buy-out Local investor  
1997 Macedonia Kras-progres Food 100.0 0.1 .. Company buy-out Local investor  
1997 Macedonia Makmetal - Bitolamak Engineering 61.9 0.0 .. Company buy-out Local investor  
1997 Macedonia Makmetal Engineering 61.9 0.0 .. Company buy-out Local investor  
1997 Macedonia Mavrovo Engineering 66.8 0.5 .. Company buy-out Local investor  
1997 Macedonia Partizan Minerals 68.8 0.0 .. Company buy-out Local investor  
1997 Macedonia GP Pelagonija - Stip Construction 66.2 0.0 .. Company buy-out Local investor  
1997 Macedonia Polet Minerals 94.3 0.1 .. Company buy-out Local investor  
1997 Macedonia Proleter Transport 100.0 0.1 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - Ekonomika Metallurgy 80.9 0.1 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - Inzenering Engineering 100.0 0.0 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - Institut Services 79.1 0.0 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - ITO Manufacturing 100.0 0.0 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - Ladna Valavnica Manufacturing 75.7 3.9 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - Okpor Metallurgy 78.4 0.1 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - Patnicki transport Transport 78.2 0.1 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - Tehnicka kontrola Services 84.2 0.0 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - Topilnica Smelter 56.0 2.1 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje - Troska Metallurgy 77.6 0.0 .. Company buy-out Local investor  
1997 Macedonia RZ Skopje Manufacturing 54.6 2.4 .. Company buy-out Local investor  
1997 Macedonia Crvena Zvezda - Tri Cesmi Agriculture 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia Crvena Zvezda - Tri cesmi Vrsakovo Agriculture 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia Crvena Zvezda - Lakavica Agriculture 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia Crvena Zvezda - 1 Maj Dolni balvan Agriculture 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia Drvomont Services 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia MZT - Learnica Manufacturing 100.0 0.1 .. Debt-equity conversion Local investor  
1997 Macedonia Polimod Manufacturing 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia DIP Prespa Forestry 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia RZ Skopje - Celicarnica VSDL Steel 100.0 2.9 .. Debt-equity conversion Local investor  
1997 Macedonia RZ Skopje - CER Electricity 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia RZ Skopje - Energetika Power 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia RZ Skopje - Grinz Construction 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia RZ Skopje - Ugotur Hotel 100.0 0.2 .. Debt-equity conversion Local investor  
1997 Macedonia RZ Skopje - Uslugi Services 100.0 0.3 .. Debt-equity conversion Local investor  
1997 Macedonia Sniteks Manufacturing 100.0 0.1 .. Debt-equity conversion Local investor  
1997 Macedonia Treska Mebel Manufacturing 100.0 0.6 .. Debt-equity conversion Local investor  
1997 Macedonia ZIK Strumica - Komercija so transport Trade 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia ZIK Strumica - Strumicko Pole Agriculture 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia Zvezda Agriculture 100.0 0.0 .. Debt-equity conversion Local investor  
1997 Macedonia Crvena Zvezda - Klanica so ladiknik Slaughterhouse 83.0 0.1 .. Debt-equity conversion Local investor  
1997 Macedonia EMO Electricity distributor 68.5 0.4 .. Debt-equity conversion Local investor  
1997 Macedonia KEN Manufacturing 96.9 0.1 .. Debt-equity conversion Local investor  
1998 Macedonia Stopanska Bank (SB) Banking 55.0 19.8 19.8 Direct sale Foreign investor Three institutions: Erste Bank der Oesterreichischen Sparkassen of Austria; EBRD, and IFC
1999 Macedonia Stopanska Banka Financial intermediation (Banking) 85.0 58.0 58.0 Trade sale Foreign National Bank of Greece
1989 Macedonia, FYR Zivinarska Farma Agriculture 7.8 0.1 0.0   local investor  
1989 Macedonia, FYR Metal Promet Commerce 73.9 0.9 0.0   local investor  
1989 Macedonia, FYR Stokokomerc Commerce 77.5 0.6 0.0   local investor  
1989 Macedonia, FYR Fotocentar Commerce 44.7 0.4 0.0   local investor  
1989 Macedonia, FYR Jugosnabditel Construction 92.0 0.1 0.0   local investor  
1989 Macedonia, FYR Visoka Cuka Manufacturing 29.0 0.1 0.0   local investor  
1989 Macedonia, FYR Zletovo Metals 20.4 3.3 0.0   local investor  
1989 Macedonia, FYR Zivinarska Farma Poultry 7.8 0.1 0.0   local investor  
1989 Macedonia, FYR Plan Services 94.6 0.2 0.0   local investor  
1989 Macedonia, FYR Sniteks Textiles 46.9 1.5 0.0   local investor  
1990 Macedonia, FYR Tikves Agribusiness 69.2 8.2 0.0   local investor  
1990 Macedonia, FYR Anska Reka Agribusiness 65.7 7.1 0.0   local investor  
1990 Macedonia, FYR Stocar Agribusiness 48.2 5.5 0.0   local investor  
1990 Macedonia, FYR Vinorug Agribusiness 14.4 3.4 0.0   local investor  
1990 Macedonia, FYR Zik "Strumica Agribusiness 62.8 1.5 0.0   local investor  
1990 Macedonia, FYR Mlekarnica Agribusiness 39.5 1.1 0.0   local investor  
1990 Macedonia, FYR Struga Agribusiness 4.4 0.9 0.0   local investor  
1990 Macedonia, FYR Zik Strumina Agribusiness 33.2 0.7 0.0   local investor  
1990 Macedonia, FYR Klecovce Agribusiness 17.8 0.5 0.0   local investor  
1990 Macedonia, FYR Agro-Mariovo Agribusiness 46.0 0.3 0.0   local investor  
1990 Macedonia, FYR Crvena Zvezda Agribusiness 8.9 0.3 0.0   local investor  
1990 Macedonia, FYR Zivinoprom Agribusiness 58.1 0.2 0.0   local investor  
1990 Macedonia, FYR Dusan Kiric Agribusiness 19.8 0.2 0.0   local investor  
1990 Macedonia, FYR Sirma Galica Agribusiness 44.4 0.1 0.0   local investor  
1990 Macedonia, FYR Zivinarska Farma Agribusiness 5.6 0.1 0.0   local investor  
1990 Macedonia, FYR Crvena Zvezkeda Agribusiness 24.0 0.1 0.0   local investor  
1990 Macedonia, FYR Zik Strumica Agribusiness 78.8 0.1 0.0   local investor  
1990 Macedonia, FYR Cvet Agribusiness 19.3 0.1 0.0   local investor  
1990 Macedonia, FYR Ovce Pole Agribusiness 14.7 0.1 0.0   local investor  
1990 Macedonia, FYR Mak-Proizvod Agribusiness 112.4 0.1 0.0   local investor  
1990 Macedonia, FYR Aeromak Airlines 99.8 0.5 0.0   local investor  
1990 Macedonia, FYR Aluminia Aluminum 27.6 1.7 0.0   local investor  
1990 Macedonia, FYR Grodz Beverages 65.2 0.7 0.0   local investor  
1990 Macedonia, FYR Prulepska Brewery 25.0 0.6 0.0   local investor  
1990 Macedonia, FYR Usje Cement 36.7 16.1 0.0   local investor  
1990 Macedonia, FYR Veles Chemical 11.9 1.6 0.0   local investor  
1990 Macedonia, FYR Ading Chemicals 64.0 1.1 0.0   local investor  
1990 Macedonia, FYR Poliplast Chemicals 6.7 0.1 0.0   local investor  
1990 Macedonia, FYR Plastika Chemicals 9.7 0.1 0.0   local investor  
1990 Macedonia, FYR Agromehanika Commerce 65.6 4.0 0.0   local investor  
1990 Macedonia, FYR Elektrometal Commerce 68.3 2.4 0.0   local investor  
1990 Macedonia, FYR Tekstil Commerce 61.6 2.2 0.0   local investor  
1990 Macedonia, FYR Merkur Import Commerce 20.8 2.1 0.0   local investor  
1990 Macedonia, FYR Nterpromet Commerce 44.1 1.9 0.0   local investor  
1990 Macedonia, FYR Trgojug Commerce 84.3 1.5 0.0   local investor  
1990 Macedonia, FYR Delikates Commerce 55.9 1.2 0.0   local investor  
1990 Macedonia, FYR Trgotekstil-Malaprodazba Commerce 82.6 1.1 0.0   local investor  
1990 Macedonia, FYR Automakedonija Commerce 33.0 1.0 0.0   local investor  
1990 Macedonia, FYR Prehrana Commerce 87.8 0.9 0.0   local investor  
1990 Macedonia, FYR Angrosnabditel Commerce 98.2 0.8 0.0   local investor  
1990 Macedonia, FYR Tigar Commerce 44.9 0.8 0.0   local investor  
1990 Macedonia, FYR Trgotekstil-Angro Commerce 48.2 0.7 0.0   local investor  
1990 Macedonia, FYR Angrokoza Commerce 88.9 0.7 0.0   local investor  
1990 Macedonia, FYR Makedonija Drvo Commerce 35.2 0.6 0.0   local investor  
1990 Macedonia, FYR Enterier Commerce 80.1 0.5 0.0   local investor  
1990 Macedonia, FYR Interkomerc Commerce 98.9 0.4 0.0   local investor  
1990 Macedonia, FYR Agrom Commerce 43.0 0.4 0.0   local investor  
1990 Macedonia, FYR Orizokomerc Commerce 72.7 0.3 0.0   local investor  
1990 Macedonia, FYR Skopjanka Commerce 113.9 0.3 0.0   local investor  
1990 Macedonia, FYR Angropromet Commerce 43.5 0.3 0.0   local investor  
1990 Macedonia, FYR Jugooprema Commerce 23.6 0.2 0.0   local investor  
1990 Macedonia, FYR Zik Strumica Komercija Commerce 95.9 0.2 0.0   local investor  
1990 Macedonia, FYR Progres Commerce 36.8 0.2 0.0   local investor  
1990 Macedonia, FYR Uniprom Commerce 77.1 0.2 0.0   local investor  
1990 Macedonia, FYR Stuska Trgovija Commerce 9.6 0.2 0.0   local investor  
1990 Macedonia, FYR Elektrokomerc Commerce 95.4 0.1 0.0   local investor  
1990 Macedonia, FYR Zanat Servis-Makedonija Commerce 33.1 0.1 0.0   local investor  
1990 Macedonia, FYR Agromarket Commerce 66.5 0.1 0.0   local investor  
1990 Macedonia, FYR Market Commerce 63.6 0.1 0.0   local investor  
1990 Macedonia, FYR Jugomak Commerce 96.1 0.1 0.0   local investor  
1990 Macedonia, FYR Gradinar Eksport Commerce 95.9 0.1 0.0   local investor  
1990 Macedonia, FYR Sarpromet Commerce 62.9 0.1 0.0   local investor  
1990 Macedonia, FYR KIK Construction 42.9 1.1 0.0   local investor  
1990 Macedonia, FYR Metal Construction 99.9 0.5 0.0   local investor  
1990 Macedonia, FYR Sloga Construction 38.8 0.2 0.0   local investor  
1990 Macedonia, FYR 29 Noemvri Construction 24.5 0.2 0.0   local investor  
1990 Macedonia, FYR Kriva Reka Construction 15.8 0.1 0.0   local investor  
1990 Macedonia, FYR Ohridska Pastrmka Fishery 79.0 0.4 0.0   local investor  
1990 Macedonia, FYR Zeto Luks Food Processing 33.3 3.8 0.0   local investor  
1990 Macedonia, FYR Agroplod Food Processing 20.5 3.6 0.0   local investor  
1990 Macedonia, FYR Zeto Bitola Food Processing 70.5 3.6 0.0   local investor  
1990 Macedonia, FYR Blagoj Gjorev Food Processing 73.6 2.7 0.0   local investor  
1990 Macedonia, FYR Zik "Strumica" Food Processing 46.3 2.5 0.0   local investor  
1990 Macedonia, FYR ZitoVarcar Food Processing 52.4 2.2 0.0   local investor  
1990 Macedonia, FYR Zito Skopje Food Processing 54.4 1.8 0.0   local investor  
1990 Macedonia, FYR Mlekara Food Processing 26.5 0.5 0.0   local investor  
1990 Macedonia, FYR Stoko Komerc Food Processing 77.0 0.4 0.0   local investor  
1990 Macedonia, FYR Zito Strumica Food Processing 31.5 0.3 0.0   local investor  
1990 Macedonia, FYR Gorni Polog Food Processing 6.3 0.3 0.0   local investor  
1990 Macedonia, FYR Zito Produkt Food Processing 12.0 0.3 0.0   local investor  
1990 Macedonia, FYR Zito-Prilep Food Processing 17.2 0.2 0.0   local investor  
1990 Macedonia, FYR Zito Leb Food Processing 36.1 0.2 0.0   local investor  
1990 Macedonia, FYR Zitomel Food Processing 3.9 0.1 0.0   local investor  
1990 Macedonia, FYR Karaorman Forestry 6.7 0.1 0.0   local investor  
1990 Macedonia, FYR Jablanica Forestry 4.4 0.1 0.0   local investor  
1990 Macedonia, FYR Sovremen Dom Furniture 16.8 0.4 0.0   local investor  
1990 Macedonia, FYR Makedonijaturist Hotel 58.3 4.5 0.0   local investor  
1990 Macedonia, FYR Ruen Manufacturing 44.1 6.5 0.0   local investor  
1990 Macedonia, FYR Gazela Manufacturing 54.9 6.4 0.0   local investor  
1990 Macedonia, FYR Avtoprogres Manufacturing 100.0 2.9 0.0   local investor  
1990 Macedonia, FYR Tipo Manufacturing 16.8 1.6 0.0   local investor  
1990 Macedonia, FYR Racika Manufacturing 42.2 1.4 0.0   local investor  
1990 Macedonia, FYR Zletovo-Bateri Manufacturing 11.3 1.3 0.0   local investor  
1990 Macedonia, FYR Rusin Manufacturing 93.9 1.2 0.0   local investor  
1990 Macedonia, FYR Bentomak Manufacturing 42.5 0.9 0.0   local investor  
1990 Macedonia, FYR Chik Manufacturing 27.0 0.9 0.0   local investor  
1990 Macedonia, FYR Celiden UVI Granulat-Zeleznik Manufacturing 37.0 0.6 0.0   local investor  
1990 Macedonia, FYR Avtocentar Manufacturing 60.4 0.5 0.0   local investor  
1990 Macedonia, FYR Boris Kidric Manufacturing 8.0 0.5 0.0   local investor  
1990 Macedonia, FYR Aparati Za Domakinstvo Manufacturing 81.1 0.4 0.0   local investor  
1990 Macedonia, FYR Slavej Manufacturing 29.2 0.2 0.0   local investor  
1990 Macedonia, FYR Avtoremont Manufacturing 100.0 0.1 0.0   local investor  
1990 Macedonia, FYR Mak Market Manufacturing 99.9 0.1 0.0   local investor  
1990 Macedonia, FYR Rade Koncar Aparatina Tehnika Manufacturing 53.4 0.1 0.0   local investor  
1990 Macedonia, FYR Sigurnosno Staklo Manufacturing 10.0 0.1 0.0   local investor  
1990 Macedonia, FYR Informatika I Elektronika Manufacturing 44.7 0.1 0.0   local investor  
1990 Macedonia, FYR Suvenir Metals 4.7 1.4 0.0   local investor  
1990 Macedonia, FYR Ezerka Metals 60.6 1.3 0.0   local investor  
1990 Macedonia, FYR Dgrazden Mining 71.0 2.0 0.0   local investor  
1990 Macedonia, FYR Mermeren Kombinat Mining 33.6 1.4 0.0   local investor  
1990 Macedonia, FYR Brik Mining 18.8 0.1 0.0   local investor  
1990 Macedonia, FYR Hartija Paper products 39.1 2.0 0.0   local investor  
1990 Macedonia, FYR Makpetrol Petroleum 53.5 25.4 0.0   local investor  
1990 Macedonia, FYR Replek Makedonija Pharmaceutical 20.8 1.7 0.0   local investor  
1990 Macedonia, FYR Euroinvest II Oktomvri Plastics 37.6 8.9 0.0   local investor  
1990 Macedonia, FYR Lihnida Plastics 33.2 0.4 0.0   local investor  
1990 Macedonia, FYR Skopsu saem Services 23.2 0.8 0.0   local investor  
1990 Macedonia, FYR Ineks Drim Services 14.0 0.8 0.0   local investor  
1990 Macedonia, FYR Daskal Kamce Services 92.1 0.5 0.0   local investor  
1990 Macedonia, FYR Mladost Services 32.6 0.5 0.0   local investor  
1990 Macedonia, FYR Goce Delcev Services 46.8 0.4 0.0   local investor  
1990 Macedonia, FYR Makmetal Services 49.2 0.4 0.0   local investor  
1990 Macedonia, FYR Merkez Services 62.0 0.3 0.0   local investor  
1990 Macedonia, FYR Jug Services 77.9 0.3 0.0   local investor  
1990 Macedonia, FYR Standard Services 37.0 0.3 0.0   local investor  
1990 Macedonia, FYR Komunalec Services 13.8 0.2 0.0   local investor  
1990 Macedonia, FYR Tetovo Services 5.9 0.2 0.0   local investor  
1990 Macedonia, FYR Nov Zivot Services 12.8 0.1 0.0   local investor  
1990 Macedonia, FYR Pazarista Services 27.9 0.1 0.0   local investor  
1990 Macedonia, FYR Komunalek Services 8.0 0.1 0.0   local investor  
1990 Macedonia, FYR II Oktomvri Steel 49.3 22.5 0.0   local investor  
1990 Macedonia, FYR Todor Ciposki Merdzan Teteks Textile 90.1 13.4 0.0   local investor  
1990 Macedonia, FYR Dekorteks Textile 69.2 2.6 0.0   local investor  
1990 Macedonia, FYR Edinstvo Textile 84.4 1.1 0.0   local investor  
1990 Macedonia, FYR Struzanka Textile 56.1 0.8 0.0   local investor  
1990 Macedonia, FYR Noncha Kamishova Textile 14.5 0.7 0.0   local investor  
1990 Macedonia, FYR Jugoteks Textile 42.2 0.6 0.0   local investor  
1990 Macedonia, FYR Edinstvo Textile 33.0 0.3 0.0   local investor  
1990 Macedonia, FYR Mirka Ginova Textile 88.8 0.3 0.0   local investor  
1990 Macedonia, FYR Geras Cunev Textile 5.8 0.1 0.0   local investor  
1990 Macedonia, FYR Blagoja Despotovski shovelj Tobacco 42.2 3.0 0.0   local investor  
1990 Macedonia, FYR Boro Petrusevsk Papucar Tobacco 8.0 4.3 0.0   local investor  
1990 Macedonia, FYR Jugotutun Tobacco 63.2 1.3 0.0   local investor  
1990 Macedonia, FYR Jugotutun Tobacco 32.1 0.6 0.0   local investor  
1990 Macedonia, FYR Jugotutun Tobacco 37.1 0.3 0.0   local investor  
1990 Macedonia, FYR Jugotutun Tobacco 39.6 0.2 0.0   local investor  
1990 Macedonia, FYR Jugotutun Tobacco 5.9 0.2 0.0   local investor  
1990 Macedonia, FYR Jugotutun Tobacco 69.7 0.1 0.0   local investor  
1990 Macedonia, FYR Jugotutun-Djoce Stojceski Tobacco 12.6 0.2 0.0   local investor  
1990 Macedonia, FYR Mara Dimova Tobacco 63.4 0.4 0.0   local investor  
1990 Macedonia, FYR Nada Butnikosareva-Jugotutun Tobacco 52.9 0.5 0.0   local investor  
1990 Macedonia, FYR Talja Bikova Tobacco 20.3 0.1 0.0   local investor  
1990 Macedonia, FYR Tutunski Kombinat Prilep Tobacco 54.3 9.8 0.0   local investor  
1990 Macedonia, FYR Mlaz Transport 91.2 4.2 0.0   local investor  
1990 Macedonia, FYR II Oktomvrit Transport 32.9 2.6 0.0   local investor  
1990 Macedonia, FYR Ztp-Doo Zas Transport 34.5 1.3 0.0   local investor  
1990 Macedonia, FYR Trans Veles Transport 21.2 0.7 0.0   local investor  
1990 Macedonia, FYR Jogotrans Transport 32.0 0.4 0.0   local investor  
1990 Macedonia, FYR Tikves Trans Transport 10.5 0.2 0.0   local investor  
1990 Macedonia, FYR Vardar Water 11.1 0.8 0.0   local investor  
1990 Macedonia, FYR Vodovod Water 15.2 0.6 0.0   local investor  
1990 Macedonia, FYR Vodostopanstvo Water 6.9 0.2 0.0   local investor  
1990 Macedonia, FYR Crvena Zvezda Water 5.3 0.2 0.0   local investor  
1991 Macedonia, FYR Lozar Agribusiness 37.0 8.1 0.0   local investor  
1991 Macedonia, FYR Zukukuzma Josifoskipitu Agribusiness 86.2 4.5 0.0   local investor  
1991 Macedonia, FYR Stokopromet Agribusiness 47.9 2.6 0.0   local investor  
1991 Macedonia, FYR Trubavero Agribusiness 32.0 1.3 0.0   local investor  
1991 Macedonia, FYR Zik Strumica Agribusiness 73.9 1.1 0.0   local investor  
1991 Macedonia, FYR Dojansko Ezero Agribusiness 61.5 0.7 0.0   local investor  
1991 Macedonia, FYR Crevena Zvezda Agribusiness 18.2 0.7 0.0   local investor  
1991 Macedonia, FYR Bel--begovo Agribusiness 11.7 0.6 0.0   local investor  
1991 Macedonia, FYR Ovc-Pole Agribusiness 13.0 0.6 0.0   local investor  
1991 Macedonia, FYR Fabrika Za Dobitocna Hrana Agribusiness 36.2 0.5 0.0   local investor  
1991 Macedonia, FYR Kumanova Agribusiness 7.8 0.5 0.0   local investor  
1991 Macedonia, FYR Riboprespa Agribusiness 12.3 0.1 0.0   local investor  
1991 Macedonia, FYR Kaprom Agribusiness 44.4 0.1 0.0   local investor  
1991 Macedonia, FYR Kooperacija Agribusiness 16.0 0.1 0.0   local investor  
1991 Macedonia, FYR Skorpje Beverages 64.5 10.0 0.0   local investor  
1991 Macedonia, FYR Povardarie Beverages 20.9 0.7 0.0   local investor  
1991 Macedonia, FYR Crvena Zvezda Vinal Beverages 8.0 0.4 0.0   local investor  
1991 Macedonia, FYR Skopski Lozar Beverages 62.5 0.2 0.0   local investor  
1991 Macedonia, FYR Dhis Chemicals 5.2 2.0 0.0   local investor  
1991 Macedonia, FYR Kolektiv Chemicals 52.8 0.6 0.0   local investor  
1991 Macedonia, FYR Dafinka Chemicals 26.1 0.1 0.0   local investor  
1991 Macedonia, FYR Ohis-Prespaplast Chemicals 4.3 0.1 0.0   local investor  
1991 Macedonia, FYR Beton Construction 86.5 30.6 0.0   local investor  
1991 Macedonia, FYR Kiro Cucuk Construction 64.0 3.4 0.0   local investor  
1991 Macedonia, FYR Tehnika Construction 86.8 1.3 0.0   local investor  
1991 Macedonia, FYR Elektrovodomont Construction 96.4 1.0 0.0   local investor  
1991 Macedonia, FYR Linden Construction 66.9 0.9 0.0   local investor  
1991 Macedonia, FYR Karpos Construction 70.0 0.8 0.0   local investor  
1991 Macedonia, FYR Bim Construction 68.7 0.5 0.0   local investor  
1991 Macedonia, FYR 8-Mi Noemvri Construction 44.4 0.4 0.0   local investor  
1991 Macedonia, FYR Grading Construction 74.1 0.3 0.0   local investor  
1991 Macedonia, FYR Elenica Construction 45.9 0.3 0.0   local investor  
1991 Macedonia, FYR Vatrostalna-Skopje Construction 60.4 0.2 0.0   local investor  
1991 Macedonia, FYR Tetovogradba Construction 54.1 0.1 0.0   local investor  
1991 Macedonia, FYR Izomak Construction 31.0 0.1 0.0   local investor  
1991 Macedonia, FYR Termoskopje Construction 45.0 0.1 0.0   local investor  
1991 Macedonia, FYR Emo Electronics 44.5 6.8 0.0   local investor  
1991 Macedonia, FYR Evropa Food Processing 78.9 4.0 0.0   local investor  
1991 Macedonia, FYR Vitaminka Food Processing 97.5 2.6 0.0   local investor  
1991 Macedonia, FYR Jadran Food Processing 78.7 1.4 0.0   local investor  
1991 Macedonia, FYR Mesna Industrija Food Processing 32.1 1.1 0.0   local investor  
1991 Macedonia, FYR Kvasec I Spiritus Food Processing 60.7 0.8 0.0   local investor  
1991 Macedonia, FYR Klas Food Processing 92.5 0.2 0.0   local investor  
1991 Macedonia, FYR Vegatabil Food Processing 99.9 0.2 0.0   local investor  
1991 Macedonia, FYR Agrokoop Food Processing 20.0 0.2 0.0   local investor  
1991 Macedonia, FYR Zito Struga Food Processing 24.6 0.1 0.0   local investor  
1991 Macedonia, FYR Lopusnik Forestry 40.1 0.4 0.0   local investor  
1991 Macedonia, FYR Malesevo Forestry 9.2 0.2 0.0   local investor  
1991 Macedonia, FYR Tehnogas Gas 81.9 2.5 0.0   local investor  
1991 Macedonia, FYR Izgrev Hotel 39.3 0.7 0.0   local investor  
1991 Macedonia, FYR Palasturist Hotel 49.0 0.4 0.0   local investor  
1991 Macedonia, FYR Gorica Ineks Hotel 6.9 0.2 0.0   local investor  
1991 Macedonia, FYR Goce Delcev Leather 80.0 14.5 0.0   local investor  
1991 Macedonia, FYR Bitola Leather 75.7 0.8 0.0   local investor  
1991 Macedonia, FYR Kumanovic Leather and Fur 82.6 5.3 0.0   local investor  
1991 Macedonia, FYR Gold Mak Manufacturing 100.0 3.9 0.0   local investor  
1991 Macedonia, FYR Agroservis-Avtokuka Manufacturing 50.7 2.2 0.0   local investor  
1991 Macedonia, FYR Zito Polog Manufacturing 60.1 1.2 0.0   local investor  
1991 Macedonia, FYR Selena Manufacturing 43.5 0.9 0.0   local investor  
1991 Macedonia, FYR Mikron Manufacturing 46.0 0.7 0.0   local investor  
1991 Macedonia, FYR Crevena Zvezda Manufacturing 31.3 0.6 0.0   local investor  
1991 Macedonia, FYR 30 Juli Manufacturing 65.3 0.6 0.0   local investor  
1991 Macedonia, FYR Servis Manufacturing 78.1 0.5 0.0   local investor  
1991 Macedonia, FYR Bitolasil Manufacturing 17.5 0.3 0.0   local investor  
1991 Macedonia, FYR Tehnozavod Manufacturing 42.4 0.2 0.0   local investor  
1991 Macedonia, FYR Partizan Manufacturing 14.0 0.1 0.0   local investor  
1991 Macedonia, FYR Avto Guma Manufacturing 65.2 0.1 0.0   local investor  
1991 Macedonia, FYR Jaka-80 Manufacturing 4.1 0.1 0.0   local investor  
1991 Macedonia, FYR Karpos Manufacturing 87.0 0.1 0.0   local investor  
1991 Macedonia, FYR Iskra Metal Working 70.1 6.0 0.0   local investor  
1991 Macedonia, FYR Fakom Metals 16.1 0.2 0.0   local investor  
1991 Macedonia, FYR Struska Ind. Za Met. I Emajl. Pr. Metals 6.0 0.1 0.0   local investor  
1991 Macedonia, FYR Sasa Metals 26.5 4.2 0.0   local investor  
1991 Macedonia, FYR Sloboda Metals 49.6 1.5 0.0   local investor  
1991 Macedonia, FYR Dimce Mirceski Banjarot Metals 27.5 0.4 0.0   local investor  
1991 Macedonia, FYR Dimce Mircev Mining 53.4 0.1 0.0   local investor  
1991 Macedonia, FYR Komuna Paper Products 17.1 1.1 0.0   local investor  
1991 Macedonia, FYR Alkaloid Pharmaceutical 84.4 24.5 0.0   local investor  
1991 Macedonia, FYR Prespateks Plastics 33.6 9.4 0.0   local investor  
1991 Macedonia, FYR 7-Mi Noemvri Plastics 22.0 0.2 0.0   local investor  
1991 Macedonia, FYR Skorpje Refinery 61.3 8.8 0.0   local investor  
1991 Macedonia, FYR Javor Services 99.0 3.2 0.0   local investor  
1991 Macedonia, FYR Makosped Services 72.7 1.8 0.0   local investor  
1991 Macedonia, FYR 11 Tioktomvri Services 83.4 1.1 0.0   local investor  
1991 Macedonia, FYR Ohrd Turist Services 7.3 0.8 0.0   local investor  
1991 Macedonia, FYR Makedonija Services 28.2 0.7 0.0   local investor  
1991 Macedonia, FYR Prosveta Services 84.3 0.5 0.0   local investor  
1991 Macedonia, FYR Napredok Services 33.0 0.4 0.0   local investor  
1991 Macedonia, FYR Biserka Services 30.9 0.3 0.0   local investor  
1991 Macedonia, FYR Tehnoinzinering Services 99.9 0.3 0.0   local investor  
1991 Macedonia, FYR Makedonija Services 32.3 0.2 0.0   local investor  
1991 Macedonia, FYR Transped Services 62.1 0.2 0.0   local investor  
1991 Macedonia, FYR Ekonomski Centar Services 77.8 0.2 0.0   local investor  
1991 Macedonia, FYR Blagoj Muceto Services 29.5 0.2 0.0   local investor  
1991 Macedonia, FYR Makedonija Gradezen Institut Services 24.9 0.2 0.0   local investor  
1991 Macedonia, FYR Komunalek Services 17.4 0.1 0.0   local investor  
1991 Macedonia, FYR Centar Za Aop Services 100.0 0.1 0.0   local investor  
1991 Macedonia, FYR Graficar Services 66.0 0.1 0.0   local investor  
1991 Macedonia, FYR Komunaproekt Services 76.6 0.1 0.0   local investor  
1991 Macedonia, FYR Prostor Services 100.0 0.1 0.0   local investor  
1991 Macedonia, FYR 1-Vi Maj Services 67.6 0.1 0.0   local investor  
1991 Macedonia, FYR 4 Ti Noemvri Sugar 30.0 1.5 0.0   local investor  
1991 Macedonia, FYR Oteks Textiles 85.0 17.9 0.0   local investor  
1991 Macedonia, FYR Pelister Textiles 79.2 2.4 0.0   local investor  
1991 Macedonia, FYR Moda Textiles 83.8 1.8 0.0   local investor  
1991 Macedonia, FYR Kiro Petak Textiles 73.0 1.6 0.0   local investor  
1991 Macedonia, FYR Triko Textiles 83.7 1.4 0.0   local investor  
1991 Macedonia, FYR Veteks Textiles 61.9 1.3 0.0   local investor  
1991 Macedonia, FYR Lindenka Textiles 92.0 0.9 0.0   local investor  
1991 Macedonia, FYR Alkaloid Textiles 79.6 0.9 0.0   local investor  
1991 Macedonia, FYR Vinka Textiles 61.2 0.5 0.0   local investor  
1991 Macedonia, FYR Nasa Dete Textiles 44.2 0.4 0.0   local investor  
1991 Macedonia, FYR Astibo Textiles 3.8 0.3 0.0   local investor  
1991 Macedonia, FYR Ilinden Textiles 21.0 0.3 0.0   local investor  
1991 Macedonia, FYR Breboteks Textiles 73.8 0.1 0.0   local investor  
1991 Macedonia, FYR Reteks Textiles 49.7 0.1 0.0   local investor  
1991 Macedonia, FYR 6 Noemvri Tobacco 27.5 0.2 0.0   local investor  
1991 Macedonia, FYR Jaka Tobacco 57.1 3.8 0.0   local investor  
1991 Macedonia, FYR Jogotutun Tobacco 31.0 0.6 0.0   local investor  
1991 Macedonia, FYR Jogututun Tobacco 50.5 0.8 0.0   local investor  
1991 Macedonia, FYR Jugo Tutun-Treska Tobacco 15.7 0.1 0.0   local investor  
1991 Macedonia, FYR Jugotutun Tobacco 41.6 0.5 0.0   local investor  
1991 Macedonia, FYR Jugotutun Tobacco 42.5 0.4 0.0   local investor  
1991 Macedonia, FYR Jugotutun Tobacco 71.1 0.4 0.0   local investor  
1991 Macedonia, FYR Jugotutun Tobacco 19.7 0.3 0.0   local investor  
1991 Macedonia, FYR Jugotutun-Sloga Tobacco 41.1 0.3 0.0   local investor  
1991 Macedonia, FYR Makedonja Tabak Tobacco 57.9 6.5 0.0   local investor  
1991 Macedonia, FYR Niko Doaga Tobacco 42.4 1.2 0.0   local investor  
1991 Macedonia, FYR Strumica Tabak Tobacco 56.4 1.7 0.0   local investor  
1991 Macedonia, FYR Feroturist Tourism 29.6 0.2 0.0   local investor  
1991 Macedonia, FYR Persped Trade 31.5 3.6 0.0   local investor  
1991 Macedonia, FYR Interimpeks Trade 83.1 3.4 0.0   local investor  
1991 Macedonia, FYR Jugopromet Trade 73.9 2.9 0.0   local investor  
1991 Macedonia, FYR Enometal Vardar Trade 29.0 2.8 0.0   local investor  
1991 Macedonia, FYR Na Ma Trade 99.5 2.5 0.0   local investor  
1991 Macedonia, FYR Masinopromet Trade 77.8 2.1 0.0   local investor  
1991 Macedonia, FYR Makpromet Trade 36.3 2.1 0.0   local investor  
1991 Macedonia, FYR Skopski Pazar Trade 56.8 1.9 0.0   local investor  
1991 Macedonia, FYR Agrokumanovo Trade 99.0 1.7 0.0   local investor  
1991 Macedonia, FYR Tekstilpromet Trade 58.6 1.5 0.0   local investor  
1991 Macedonia, FYR Karaorman Trade 78.6 1.4 0.0   local investor  
1991 Macedonia, FYR Angropromet-Tikvesanka Trade 56.1 1.4 0.0   local investor  
1991 Macedonia, FYR Elmar Trade 54.2 1.2 0.0   local investor  
1991 Macedonia, FYR Zik Strumica Malaprodazba Trade 94.9 0.9 0.0   local investor  
1991 Macedonia, FYR Kontinental Trade 68.8 0.8 0.0   local investor  
1991 Macedonia, FYR Turtel Trade 63.2 0.8 0.0   local investor  
1991 Macedonia, FYR In-Komerc Trade 68.6 0.6 0.0   local investor  
1991 Macedonia, FYR Nova Trgovija Trade 20.4 0.5 0.0   local investor  
1991 Macedonia, FYR Mladina Trade 56.5 0.5 0.0   local investor  
1991 Macedonia, FYR Zelezar Trade 100.0 0.5 0.0   local investor  
1991 Macedonia, FYR Feropromet Trade 98.3 0.4 0.0   local investor  
1991 Macedonia, FYR Univerzal Trade 67.3 0.4 0.0   local investor  
1991 Macedonia, FYR Angroteks Trade 37.3 0.3 0.0   local investor  
1991 Macedonia, FYR Tehno Promet Trade 41.1 0.3 0.0   local investor  
1991 Macedonia, FYR Pelagonija Komerc-Pelkom Trade 51.0 0.3 0.0   local investor  
1991 Macedonia, FYR Bistrica Trade 52.6 0.2 0.0   local investor  
1991 Macedonia, FYR Ograzden Trade 93.7 0.2 0.0   local investor  
1991 Macedonia, FYR Mak Mladost Trade 92.6 0.2 0.0   local investor  
1991 Macedonia, FYR Kale Trade 9.9 0.2 0.0   local investor  
1991 Macedonia, FYR Mak-Komerc Trade 74.6 0.2 0.0   local investor  
1991 Macedonia, FYR Velesprom Trade 41.3 0.1 0.0   local investor  
1991 Macedonia, FYR Z.Z. Gorica Trade 38.4 0.1 0.0   local investor  
1991 Macedonia, FYR Stokokoop Trade 12.9 0.1 0.0   local investor  
1991 Macedonia, FYR Fero Trade 91.6 0.1 0.0   local investor  
1991 Macedonia, FYR Bitola-Promet Trade 51.3 0.1 0.0   local investor  
1991 Macedonia, FYR Knizar Promet Trade 96.7 0.1 0.0   local investor  
1991 Macedonia, FYR Jugotrgovija Trade 96.9 0.1 0.0   local investor  
1991 Macedonia, FYR Makompeks Trade 38.7 0.1 0.0   local investor  
1991 Macedonia, FYR Vardarka Trade 41.6 0.1 0.0   local investor  
1991 Macedonia, FYR IKT Trade 74.4 0.1 0.0   local investor  
1991 Macedonia, FYR Galeb Transport 20.7 0.4 0.0   local investor  
1991 Macedonia, FYR Proleter Transportation 4.0 0.1 0.0   local investor  
1994 Macedonia, FYR Gradinar .. 100.0 .. 0.0 employees local investor  
1994 Macedonia, FYR Tetovo Gradba Real Estate 100.0 .. 0.0   local investor  
1994 Macedonia, FYR Pelister Real Estate 100.0 .. 0.0   local investor  
1994 Macedonia, FYR Bitola Promet Retail/Wholesale 100.0 .. 0.0 employees local investor  
1994 Macedonia, FYR Stopanski Pecat Retail/wholesale 100.0 .. 0.0 employees local investor  
1994 Macedonia, FYR PKB Retail/Wholesale 100.0 .. 0.0 employees local investor  
1994 Macedonia, FYR Solun Retail/Wholesale 100.0 .. 0.0   local investor  
1994 Macedonia, FYR Graditel Services 100.0 .. 0.0 employees local investor  
1994 Macedonia, FYR Avtorska Agencija na Makedonija Services 100.0 .. 0.0 employees local investor  
1994 Macedonia, FYR Oteks Textiles 83.0 24.9 0.0 employees local investor  
1994 Macedonia, FYR Zelezar Trade 100.0 .. 0.0 employees local investor  
1994 Macedonia, FYR Tutun Trade 100.0 .. 0.0 employees local investor  
1995 Macedonia, FYR DOO Zito Struga - Struga Bakery products 100.0 0.0 0.0 management buyout Local investor  
1995 Macedonia, FYR Zito Luks - Skopje Bakery products 40.8 1.0 0.0 management buyout Local investor  
1995 Macedonia, FYR Prilepska Pivarnica- Prilep Brewery 42.5 0.3 0.0 management buyout Local investor  
1995 Macedonia, FYR Pivara Brewery 30.9 1.0 0.0 management buyout Local investor Management buyout
1995 Macedonia, FYR AD Kiro Cucuk Bricks 3.2 0.2 0.0 Transfer of unbought shares to Privat. Agency Local investor  
1995 Macedonia, FYR Usje - Skopje Cement 70.4 1.5 0.0 management buyout Local investor  
1995 Macedonia, FYR Evropa Confectionary 3.7 0.7 0.0 employee buyout Local investor  
1995 Macedonia, FYR AD Beton - Bitola Construction 66.9 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR AD Beton - Ohrid Construction 33.5 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR AD Beton - Skopje Construction 88.6 0.4 0.0 management buyout Local investor  
1995 Macedonia, FYR AD Beton - Stip Construction 67.9 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR AD Karaorman - Struga Construction materials 92.6 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR DIK Straso Pindzur Construction materials 44.0 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR Karaorman - Skopje Construction materials 3.3 0.5 0.0 Transfer of unbought shares to Privat. Agency Local investors Employees
1995 Macedonia, FYR POS Izolmont Construction materials 100.0 0.0 0.0 management buyout Local investor  
1995 Macedonia, FYR DOO Zelop - Sveti Nikole Food Processing 100.0 0.0 0.0 debt-equity swap Local investor  
1995 Macedonia, FYR Makosped - Skopje Freight forwarding 23.0 0.6 0.0 management buyout Local investor  
1995 Macedonia, FYR POS Treska - Osogovo Furniture 100.0 0.0 0.0 management buyout Local investor  
1995 Macedonia, FYR AD Blagoj Gorev Oil production 3.8 0.7 0.0 Transfer of unbought shares to Privat. Agency Local investor  
1995 Macedonia, FYR Komuna- Skopje  Paper Products 43.5 0.4 0.0 management buyout Local investor  
1995 Macedonia, FYR Alkaloid - Skopje Pharmaceutical 45.4 1.7 0.0 management buyout Local investor  
1995 Macedonia, FYR AD Plastika - Skopje Plastic packaging materials 5.1 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR ADMS Geras Cunev Textiles 56.7 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR Alkaloid - Berovo Textiles 36.9 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR Vinka - Vinica Textiles 58.1 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR Makedonija turist Tourism 37.2 0.6 0.0 management buyout Local investor Management buyout
1995 Macedonia, FYR Nov zivot - Tetovo Tourism/Catering 44.9 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR Inteks-Skopje Trade 4.2 0.3 0.0 asset sale; employees Local investor  
1995 Macedonia, FYR Javor-Bitola Trade 5.7 0.4 0.0 Buyout (employees 78.29%) Local investor  
1995 Macedonia, FYR AD Jugooprema - Skopje Trade 48.3 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR AD Trgojug - Skopje Trade 43.4 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR DOO Kale Trade 100.0 0.1 0.0 debt-equity swap Local investor  
1995 Macedonia, FYR DOO Tigar - Kriva Palanka Trade 40.7 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR Zito Makedonija Trade 2.8 0.1 0.0 asset sale; employees Local investor  
1995 Macedonia, FYR Fersped Trade/Warehousing 44.0 0.6 0.0 management buyout Local investor Management (51%)
1995 Macedonia, FYR POS Jugotrans Transport/freight 68.3 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR Veteks - Titov Veles Yarn/cotton fibers 55.0 0.1 0.0 management buyout Local investor  
1995 Macedonia, FYR Treska-Boris Kidric Furniture 92.9 0.1 0.0 Direct investment local/foreign investors Foreign investor (51%); local investor (49%)
1995 Macedonia, FYR AD Moda Garments 22.9 0.1 0.1 management buyout foreign investor KATT Gmbh (Germany)
1995 Macedonia, FYR Makedonija Sport Garments 100.0 0.1 0.1 Share issue foreign investor Westfr Trade, Germany (51%)
1995 Macedonia, FYR POS Maktrans - Skopje Transportation 80.7 0.1 0.1 Share issue foreign investor Energy Group Marshal Islands
1996 Macedonia, FYR AD Zito Vardar Food 100.0 0.2 0.0      
1996 Macedonia, FYR AD Silika - Alumosilikat Industry 100.0 0.3 0.0 MEBO/Debt equity swaps    
1996 Macedonia, FYR RZ Skopje - Famord Industry 100.0 0.1 0.0 MEBO/Debt equity swaps    
1996 Macedonia, FYR POS Politeks Textiles 100.0 0.3 0.0 MEBO/Debt equity swaps    
1996 Macedonia, FYR AD Niko Doaga Tobacco 100.0 0.1 0.0 MEBO    
1996 Macedonia, FYR Tobacco factory Prilep Tobacco 100.0 1.3 0.0 MEBO    
1996 Macedonia, FYR AD Tehnometal - Vardar Wholesale 100.0 0.3 0.0      
1996 Macedonia, FYR ZIK Crvena Zvezda Catering 100.0 0.1