National Bank of the Republic of Macedonia (NBRM) Governor Dimitar Bogov delivered Wednesday a lecture on topic "Maintaining Macroeconomic Stability and Economic Growth Amid Eurozone Debt Crisis" before Faculty of Economics students at the Stip-based University "Goce Delcev".

Bogov stressed the biggest challenge in 2012 is Europe's debt crisis, with developments closely monitored. According to him, Macedonian economy would be hit, but not like in 2008, whereas the country would post a GDP growth of 2.4 percent.

"Macedonia's economy will be less hit because imbalances are almost non-existent, since the payment balance deficit stands at below three percent of the GDP and there is no high private consumption", added Bogov.

Asked if the Denar exchange rate would change due to the reduced exports of Macedonian products, the Governor noted that NBRM remained on its policy of a stable Denar exchange rate, which has yielded favorable results over the past 15 years with regards to the maintenance of the country's macroeconomic stability.

"Our analyses have shown that price competitiveness has increased of the past decade and we see no reason why the exchange rate policy should be altered", emphasized Bogov.