The decline of Macedonia's industrial production is a result of Europe's recession and in order to mitigate its consequences the Government will introduce new measures, which also include an injection of fresh EUR100 million in support of small, medium enterprises and EUR350 million of capital investments, foreseen by the budget rebalance, Vice-Premier and FinMin Zoran Stavreski said Thursday at a press conference.

Seventeen EU countries have registered a decline of the industrial production, some of them more severe than Macedonia's one, Stavreski said.

"Naturally it doesn't mean that we are free from concern. We have been monitoring the developments and remain committed to introduce new and keep applying some of the previous measures that proven to be efficent," Stavreski said.