Within the Annual Conference of the Macedonian Stock Exchange, held on March 29, 2016 in Skopje, for the ninth time Macedonian Stock Exchange awarded the most transparent listed companies in 2015. This year three listed companies out of 113 listed companies at MSE were awarded with the “Cristal Bell” award. According the grades given by the Commission for election the most transparent listed companies in 2015 are: I Komercijalna banka AD Skopje II Alkaloid AD Skopje III NLB Tutunska banka AD Skopje