Macedonian National bank (NBRM), citing lower long-term costs and stronger anti-counterfeiting devices, will issue new 10- and 50-denar bank notes on May 15. They will be the country’s first currency issues made out of polymer. Meanwhile, the 1996-issues of the same denominations, but made out of cotton paper, will no longer be legal tender. They will […]
The improved business climate creates possibilities for fresh investments and new jobs, Prime Minister Zoran Zaev said late Friday at the opening of new hotel in Ohrid. This project is a proof that prominent companies are starting to invest in Macedonia, supporting the overall investing activity in the country, Zaev said. He also reaffirmed the government’s commitment […]
State of affairs and problems in textile and leather industries, and measures aimed at improving the business environment were in the focus of Sunday’s meeting of Vice Premier for Economic Affairs Koco Angjusev with Textile Cluster president Marijana Perkovska and owner of textile company “Albatros”, Vesna Miladinova. Angjusev said there are numerous problems in the […]
Prime Minister Zoran Zaev after Tuesday’s session of the Economic Social Council announced new measure of wage growth. Zaev told press briefing in the government that measure includes direct financial support of 30 percent of the increase in the gross wages of workers in labor intensive industries. Around 15.000 companies and 50.000 workers meet the […]
Prime Minister Zoran Zaev told Sunday’s interview with RFE/RL’s Balkan Service that eight foreign companies made decisions to invest in Macedonia and are awaiting confirmation from the parent companies to sign the contracts. “We signed 10 contracts with foreign investors in ten months, and additional negotiation teams of eight companies decided to invest in Macedonia and are awaiting […]
Deputy PM for Economic Affairs Koco Angjusev is optimistic that planned GDP growth of 3.2 percent for this year can be achieved. He told reporters at Saturday’s press briefing in government that he is optimistic due to the fact that the wages have already started to increase, the industry is on the rise and the realization of […]
The average monthly net salary in February amounted to MKD 23,158 (EUR 376), a 3.6-percent increased compared to the same month in 2017, says the State Statistical Office. This increase is caused by the rise of the average monthly net salary in sectors: Mining and quarrying (14.5%), Manufacturing (10.7%) and Information and communication (10.5%). A decrease […]
The National Bank of the Republic of Macedonia (NBRM) presented Monday the first polymer banknotes in denomination of Denar 10 and Denar 50, which will be put into circulation as of May 15. The difference between polymer and paper notes is the material used for their printing, whereat polymer banknotes are made from polymer such as biaxially […]
The European Commission’s recommendation for the Republic of Macedonia to start European Union entry talks will boost investors’ confidence in the country and boost its economic expansion, Dragan Tevdovski said. Macedonia’s economic growth is forecast to accelerate to 3.2 percent this year and 3.5 percent in 2019, after a stagnation in 2017, driven by solid private consumption and very strong […]
The European Commission’s progress report realistically, precisely and accurately reflects all the conditions in the Macedonian economy, the Government’s Economic Growth Plan should help to improve the conditions that are pointed out, such as the grey economy, and besides its elimination, we must be committed to the innovative processes, Deputy Prime Minister for Economic Affairs […]
Macedonia and Turkey can do a lot more in the field of investments and trade exchange. Back in 2012 we agreed that political relations are excellent but economic cooperation lags behind. Therefore we set the goal of increasing annual trade exchange to one billion dollars, said President Gjorge Ivanov in his address before Turkish businessmen […]
The World Bank supports the announced tax reform and the introduction of progressive taxation but issues caution over the threshold of the higher tax. “We support the progressive taxation analyzed by the Finance Ministry. They are moving in the right direction, taking into consideration the information we have, but a careful analysis should be carried […]
A significant drop of 33% was recorded in Foreign Direct Investment (FDI) in Macedonia in 2017, as it was reduced to EUR 227 mln, from EUR 338 mln in 2016, according to data released by the NBRM (Central Bank of Macedonia). Of this amount, just EUR 29.73 mln were used as a new investment in […]
Around 1 million counterfeit goods enter Macedonia each year. These data have been provided by the country’s Customs Directorate. “Each year, customs seize around 1 million forged goods. China and Turkey are on the list of the states where these goods come from”, says Semir Musa, official at the Customs Directorate. The most encountered types […]
The government of the Republic of Macedonia will to support innovative and entrepreneurial spirit of micro, small and medium-sized enterprises (MSMEs) by announcing three public calls totaling to MKD 645 million. Also, for the first time, the state following the example of Israel will support small and medium-sized enterprises, thus becoming their partner and participate […]
Positive developments are happening in Macedonia, there is fiscal stability and reforms are being implemented to strengthen the capacities of the institutions, Prime Minister Zoran Zaev and Deputy Managing Director of the International Monetary Fund (IMF), Tao Zhang concluded at their meeting Thursday in Skopje. At the meeting, Zaev was accompanied by Finance Minister Dragan Tevdovski […]
Skopje, 15 February 2018 (MIA) – There are eight new investments in the technological-industrial development zones worth EUR 73,5 million and due to open 1,570 new jobs, said Vice Premier for Economic Affairs Koco Angjusev on Thursday. “In a couple of months after unveiling the Government’s Economic Growth Program we have eight new investments worth over […]
Macedonia’s economy should be vigilant, but it is prepared well to handle turbulence that might occur on financial markets globally, argues Dimitar Bogov, Governor of the National Bank of the Republic of Macedonia (NBRM). “Recently, we, too, have taken a series of measures with which the banking sector was enhanced. In recent years, we have […]
The priorities for the TAV investment worth €45 million in Macedonia in accordance with the Macedonian Airports concession agreement were identified at Monday’s meeting between PM Zoran Zaev and representatives of the TAV Airports CEO Mustafa Sani Sener, deputy CEO Serkan Kaptan and TAV Macedonia General Manager Alp Er Tunga Ersoy. The funds will be […]
Twenty domestic companies will implement innovative projects using MKD 80 million (EUR 1,3 million) through the Fund for Innovation and Technology Development (FITR), of which MKD 58 million (EUR 950,000) provided by the Government while the rest by the World Bank. The five most successful participants of the Fund call “O2 Challenge”, along with the […]
