SWOT analysis of the emmision of municipal bonds in the Republic of Macedonia (comparative with the Republic of Croatia)

Municipalities in the countries like the Republic of Macedonia are faced the needs of additional funding for the implementation of activities and projects. Those activities will allow independent economic revival of the municipalities, not just central development, which is usually in the capital cities. The concentration of all units in the capital causes uneven distribution of industries, uneven distribution of population, income and so on. Therefore this paper aims to consider the possibilities and weaknesses of issuing municipal bonds in Republic of Macedonia in comparison with the experience of the Republic of Croatia. The goal is municipal bonds, to be accepted as an alternative way of financing municipalities in the transitional countries. During research are used theoretical and applicative analyses for drawing conclusions on the given title