Annals of the University of Petroşani, Economics, 11(4), 2011, 45-52 45 LEASING SECTOR IN MACEDONIA-STATES AND TRENDS DIANA BOSKOVSKA * ABSTARCT: In conditions of limited access to traditional sources of funding when lending a privilege of the largest and most creditworthy companies, contemporary, alternative ways of funding, including the leasing are increasingly gaining importance. They are particularly attractive for small and medium enterprises that grow rapidly and are facing a shortage of funds. In terms of general illiquidity of the Macedonian economy, on the one hand, and restrictive credit policies of banks on the other hand, creating a business climate where will apply and promote alternative modes of financing in the Republic of Macedonia is a very importance for the operation and development of small and medium enterprises. KEY WORDS: corporate sector; lease; lease company; SME’s; source of funding. JEL CLASSIIFICATION: G29. 1. INTRODUCTION In this article the subject of the research is lease, as one alternative source of capital. It’s specially importance as a source of capital for SME’s that are very significance for the national economy development. Considering the low economic development of the Macedonian economy, the SME’s are very important factor for its development that is necessary to include Macedonian economy in the global economy. When we have in mind the said prior by one side, and additional international experience in the application of the lease by other side, which indicate the existence of a trend of increasing use of this instrument for financing by enterprises can draw a conclusion about the importance and relevance of the lease in macedonian conditions. * Ph.D., Institute of Economics, Republic of Macedonia, diana@ek-inst.ukim.edu.mk