Speaking in Ohrid on Friday, Prime Minister Zoran Zaev said “there is a will” on both sides to wipe out citizens’ debts accrued before 2006. “We intend to write off EUR 110 million in citizens’ debts,” PM Zaev said. “That’s a lot of money and would come as a great relief to citizens.” Deputy Prime […]
Macedonia’s Prime Minister Zoran Zaev accompanied by Deputy Prime Minister for Economic Affairs Koco Angjusev and Economy Minister Kresnik Bektesi will attend the World Economic Forum (WEF) in Davos from January 23 to 25. The event brings together over 2,500 leaders from business, government, international organizations, civil society, academia and media. At the annual Davos […]
In the last ten years Serbia had the third slowest growth in the Balkans and probably in Europe, with only Greece and Croatia behind it, said Vladimir Gligorov from The Vienna Institute for International Economic Studies. The reasons for such a record was “from one hand the consequence of the exchange rate and the real […]
This year, the minimum wage will increase. Prime Minister Zoran Zaev told the news, but did not release any details. Unofficially, a proposal by the Economic and Social Council is that the minimum wage is to be adjusted in accordance with the GDP growth, the increase in average wage and the increase in the consumer […]
Steel and aluminium import quotas introduced by the European Union are not expected to significantly affect the Macedonian industry. The Government says there will be no spectacular growth but also drop in the industry compared to the past five years. Vice Premier for Economic Affairs Koco Angjusev told Telma TV station late on Monday that […]
Macedonia’s head of state Gjorge Ivanov, while addressing Bosphorus Summit in Istanbul said that political, security, economic, transport and digital linking is necessary among the states so that the companies be more competitive on the global market, states be more successful in creating conditions for prosperity of the young people and regions be more attractive for foreign […]
The Macedonian Government is introducing a progressive income tax, Finance Minister Dragan Tevdovski told a news conference Saturday. MKD 90,000 is the threshold income above which the tax will shift by an additional 8 percent. Minister Tevdovski presented the tax reform saying that most citizens will pay the same tax as before, with the increased […]
The Government adopted the budget review on October 13. Expenditures and revenues decrease by 0.5 percent, the deficit is maintained at 2.7 percent, while economic growth is projected at 2.8 percent. Finance Minister Dragan Tevdovski said in the review elaboration that the adjustments have been made while taking into consideration political developments in the country, […]
The budget rebalance will provide support for 51 percent of the reported, but unpaid liabilities of the municipalities. Three billion denars are projected for schools, kindergartens, cultural centers and other institutions that are under the jurisdiction of local self-governments, Finance Minister Dragan Tevdovski announced today. As Tevdovski pointed out at the press conference in the […]
Prime Minister Zoran Zaev commenting the latest projection of International Monetary Fund (IMF) in its autumn report for Macedonia’s 2018 economic growth, said that there is no reason to give up the projections because we reached growth in Q2 and we predict to resume in Q3. The growth projection remains at 3.2% and we have […]
Macedonia’s economic growth in 2018 is projected at 1.6 percent, says the International Monetary Fund (IMF) in its autumn report “World Economic Outlook”. The previous IMF projection stood at 2.8 percent. The IMF projects a 2.6-percent growth in 2019, rising to 3.4 percent by 2023. In regional terms, Albania, Serbia and Kosovo are set to […]
Prime Minister Zoran Zaev met Friday with the new Russian Ambassador to Macedonia Sergey Bazdnikin, wishing him success in advancing the relations between the two countries. Zaev voiced belief that Bazdnikin, as his predecessor, would successfully work on the development of the bilateral relations, the government said in a press release. The meeting focused on […]
Minister without Portfolio in charge of foreign investments Zorica Apostolska paid a working visit to the Municipality of Ohrid, where she had a meeting with the Mayor Jovan Stojanoski and visited the companies Mitrotek from Ohrid and Lindi from Kicevo, on behalf of the Government of the Republic of Macedonia signed Financial Assistance Contracts under […]
A government delegation, led by Prime Minister Zoran Zaev, attended Tuesday a formal opening of two modern, multi-purpose public rooms within the Kriva Palanka municipality building, the government said in a press release. The rooms, equipped with 3D technology, are primarily aimed to promote tourism in the municipality and the region, PM Zaev said at […]
Vice Prime Minister for Economic Affairs Koco Angjusev believes it is possible for Macedonia to reach the projected economic growth of 3.2 percent. In an interview for Radio Free Europe, Angjusev said he was expecting the first-quarter GDP of 0.1 percent to be followed by better numbers in the second quarter. “I expect those numbers […]
Four out of 77 companies to be funded after a call of the Economic Growth Plan have declared that their ownership structure consists of a public office holder or a family member, the Fund for Innovations and Technology Development said. Investments projects of the four companies that have won funding of the first call of the […]
Piraeus Bank S.A. announces that it has entered into an agreement with the Balfin Group and the Komercijalna Banka, for the sale of shares in its subsidiary in Albania, Tirana Bank. The transaction is subject to customary conditions, including regulatory and other approvals by the respective authorities in the European Commission, Greece and Albania, as […]
The administration and the two members remaining in the anti-corruption commission are on vacation. The door of the building where the commission is located is open, but there is no one inside, only the employee providing information and registering who entered the institution. She informed us that the employees are on vacation, but the Commission […]
Kosovo’s government has reversed its decision increasing agricultural import tariffs, Minister of Economy Kreshnik Bekteshi told a press conference Tuesday. “Kosovo’s Parliament took into consideration Macedonia’s arguments presented at our meeting last Friday,” Minister Bekteshi said, “and fully revoked the decision.” Bekteshi said the Ministry of Agriculture would estimate any losses the Kosovo tariff decision […]
Deputy PM for Economic Affairs Koco Angjusev told Tuesday’s press conference in the Government that the increase in industrial production by 12.1 percent in June 2018 compared to May 2017 and growth of average monthly salary in May show that Government’s economic policies are good and yield results in the long run. Economy is measured […]
