North Macedonia has increased exports to Kosovo a year after Pristina decided to impose 100 per cent customs duties on products from Serbia and Bosnia and Herzegovina. The Ministry of Economy data show that for the five months since November last year, when Kosovo imposed the 100% tariff on Serbian products, North Macedonia exported EUR […]
Prime Minister Zoran Zaev will travel to Thessaloniki tomorrow to attend this year’s Summit, and will be part of the discussion “Southeast Europe: Regional Cooperation Initiatives and Reforms”. On the sidelines of the Summit, he will meet with his Greek counterpart Kyriakos Mitsotakis. Zaev says he expects enhanced economic co-operation with Greece. “I want to […]
This year, as never before, a total of EUR 55 million have been allocated to support economy, which is 37 percent more than the projected EUR 40.7 million in 2018, and results are concrete and visible, Deputy PM for Economic Affairs Kocho Angjushev told a joint press conference with Economy Minister Kreshnik Bekteshi. Figures show […]
German Ambassador to Skopje Thomas Gerberich in regard to European Council’s decision not to open EU accession negotiations with North Macedonia, said that the country is part of Europe and deserves nothing less than full EU membership. “. Please continue with these reforms and convince anyone who may have any doubts about your path to […]
Newly appointed Finance Minister Nina Angelovska elaborating the proposal for amending the budget before lawmakers, said it provides allocation of greater share of public revenues to citizens, direct investment in people’s needs and potentials and strong financial support for business to create new jobs as well as payment of higher salaries in the private sector […]
The country’s 2019 Budget prepared by the Finance Ministry, headed by the new Finance Minister Nina Angelovska, is set to be reviewed at a government’s session today. Prime Minister Zoran Zaev said on Monday that preparations to review the 2019 Budget were in the final stage and it was designed to support capital projects and […]
In 2019, the Bulgarian government has allocated more than a million leva (about 500 000 euro) for 11 development aid projects across the Republic of North Macedonia, Foreign Minister Ekaterina Zaharieva said. Zaharieva was speaking in Strumica at the opening of a multifunctional social centre in the municipality, financed with 270 000 leva from the […]
The possibility of assuming the role of strategic investor in the construction of the Belene nuclear power plant appears to be in the works in North Macedonia, following the invitation of Bulgaria, which was published in the Official Journal of the EU, to attract a strategic investor to this project. According to the information that […]
Businesses in North Macedonia have put forward a series of demands to the government with the aim of improving business climate in the country. Measures against informal economy, creating sustainable conditions for doing business and speeding up the digitalization process are just part of the 78 measures that the Union of Chambers of Commerce has […]
North Macedonia’s Finance Minister Dragan Tevdovski, commenting on the likely change of officials announced for the central and local government, said he was satisfied with the reforms implemented within the Ministry and its bodies, which, he added, were fully committed to reforms. “The Ministry of Finance is fully committed to reforms, and digitalization of processes […]
Companies and businesses in North Macedonia say that they are hoping for the presidential elections to be successful, otherwise, any other alternative that could generate a crisis, may be bad for the country’s economy. “It’s hard for companies to realize their investments if there’s a new political crisis. If minimum turnout in the second round […]
The first tranche of affordable loans, estimated at €15 million, for small and medium-sized enterprises (SMEs) will be transferred next week through the European Investment Bank (EIB), it was announced at a meeting of Finance Minister Dragan Tevdosvki with EIB Vice President Andrew McDowell. “It is part of the complete credit line for small and […]
According to the latest IMF World Economic Outlook report, North Macedonia’s economy this year will grow by 3%. According to the report,North Macedonia’s economic growth will further accelerate to 3.1% in 2020 and 3.5% in 2024. The country’s gross domestic product (GDP) expanded by an estimated 2.7% in 2018, the IMF said. North Macedonia’s annual […]
Prime Ministers of North Macedonia and Greece Zoran Zaev and Alexis Tsipras and two countries’ ministers signed Tuesday in Skopje several agreements to boost bilateral cooperation. Prime Ministers Zaev and Tsipras, during joint session of the High-Level Cooperation Council between the two countries, signed an action plan to strengthen overall cooperation in accordance with the […]
NATO accession ensures North Macedonia’s stability and security, contributing to the record rise in investments, said Minister of Economy Kreshnik Bekteshi. Economy Minister Bekteshi told local TV station Gura that most of the investors come from the EU, United States and Turkey, while a new record is expected in 2019 – about EUR 1 billion […]
Thirteen years ago, on the quay of Vardar near Skopje’s Kale, hotel complexes and business facilities were about to be built. The sites have been sold, but to this day investors have not started building. Since 2007, lawsuits over three plots have been filed in court. For six years, the state has sued the owners, […]
The Government’s main priority is the salary increase and that is why we undertake series of measures in this regard, including the increase of the minimum wage but also establishment of a legal mechanism for its regular alignment, said North Macedonia’s Finance Minister Dragan Tevdovski in an interview with Radio Free Europe. Finance Minister Tevdovski […]
World Bank Executive Director Koen Davidse is on an official visit to the Republic of North Macedonia on March 11th and 12th. Aside from his meeting Finance Minister Dragan Tevdovski, Davidse is to meet other country’s high officials. Davidse is scheduled to meet PM Zoran Zaev, Deputy PM Kocho Angjushev, central bank governor Anita Angelovska-Bezoska and […]
The Government of North Macedonia will finance 200 megawatt photovoltaic power stations in line with a new measure to promote the use of solar energy, taken under the new Law on Energy. This measure that presented Sunday at a news conference aims at improving investment conditions and strengthening competitiveness in the energy sector, with an […]
Government in Skopje says that foreign investments are flowing in as the country is getting ready to become a NATO member. According to the country’s PM, Zoran Zaev, six companies have announced that they will come to invest in the country since the Greek Parliament ratified the NATO Accession Protocol for North Macedonia. “We will […]
