Category: Economy
Economy 24.08.23 | 11:50

The Berovo pensioners continued their protests, demand a linear raise of MKD3,500

Gathering near Berovo’s memorial to the fallen fighters of World War II, Berovo pensioners continued their protests over pensions even on Aug. 23, Berovo Liberation Day, according to MIA’s Berovo correspondent. During an event celebrating Berovo Liberation Day, the protesters met with Berovo...
Economy 23.08.23 | 09:33

Government Minister demands answers after the latest increase of the price of bread

Agriculture Minister Ljupco Nikolovski accused the baking industry of unfairly increasing the price of bread, even though it was able to purchase grains at a discounted price. The raw material was made available at half price this year. It would be fair to avoid speculations and to avoid price fixing....
Economy 22.08.23 | 19:10

Dimitrieska: The 100 million EUR credit line for ELEM will not go toward investments, but for operating costs and imported electricity

VMRO-DPMNE official Gordana Dimitrieska Kocoska accused the Government of inflicting a serious wound on the budget, with the latest 100 million EUR credit line for the ELEM/ESM state owned power company. The money will mainly go toward import of electricity from abroad, as domestic production faltered...
Economy 22.08.23 | 09:12

A year later, no sign of the e-car factory in Tetovo

The site of the much hyped factory for production of electric vehicles near Tetovo today remain empty, with just one hole meant to be used for a concrete post reminding people of the grand announcements. Prime Minister Dimitar Kovacevski and all the Government officials from DUI attended the opening...
Economy 21.08.23 | 18:16

Average net salary in June at MKD 36.527

The average monthly net wage paid per employee in June was MKD 36.527 and has grown by 14.6 percent compared to June 2022, said the State Statistical Office on Monday. According to the State Statistical Office, the increase is a result of the increase of the average monthly net wage in the sectors: construction...
Economy 19.08.23 | 18:43

The price of homemade cheese will go up

The producers of homemade cheese with no additives and in a natural environment announced that they will raise the price of their product by about 30% – from MKD500 to MKD700. Among the reasons for the raise are the lack of workers and climate change. Young people decline to work in animal husbandry,...
Economy 15.08.23 | 13:52

Minister of Labor: Any unreasonable increase of the pensions would endanger the stability of the Fund

Minister Trenchevska said that their demands would be reviewed both by the Ministry of Labour and Social Policy and at a government session, adding that their demands for a linear increase are unconstitutional, and the demand for a minimum pension of 18,000 denars is not fair to the pensioners who are...
Economy 14.08.23 | 20:21

Pensioners present their demands to the Government

Representatives of protesting retirees met today with Labour and Welfare Minister Jovanka Trencevska to present their demands. The protesters want an equal, linear increase or retirement incomes by over 50 EUR (3,500 denars) and setting the minimum pension at 18,000 denars – instead of the current...
Economy 14.08.23 | 12:29

Brako to build Bechtel&Enka workers ‘camp

The factory Brako from Veles offered to build the camp for workers near Gostivar, for the needs of the construction company Bechtel & Enka, which will accommodate thousands of workers. Brako offered the construction of 104 prefabricated housing containers, with all accompanying utilities. The...
Economy 14.08.23 | 12:10

VMRO-DPMNE: The people are getting poorer every day, real salaries have decreased by 5.2%

The people’s standard of living is drastically diminishing, and the real value of the salaries has fallen by 5.2%, VMRO-DPMNE informs on Monday. “The real value of the series, the pensions, and other people’s incomes has decreased. Macedonia faced one of the largest inflation shocks...
Economy 14.08.23 | 09:29

Protest of pensioners in Skopje

Organizations of retirees will hold a protest in Skopje, to demand a more equitable and larger increase of their pensions. Recipients of lower pensions are angry at the Government as it plans to hand out an increase of just 6.8 percent – far below the rate of inflation – that will be divided...
Economy 12.08.23 | 21:29

A year later, still no sign of the e-car plant in Tetovo

VMRO-DPMNE spokesman Naum Stoilkovski called out the Government for the obviously false promises that a plant for assembly of electric vehicles will be built near Tetovo. The opening of the plant was announced by DUI and SDSM party officials, and it was supposed to be built by a company linked to powerful...
Economy 11.08.23 | 21:46

German founder kicked out of the company that was supposed to assemble electric cars in Tetovo

German professor Gunther Schuh, who set up the Next e.GO electric car company, told A1on that he is no longer associated with the company. According to Schuh, he was removed from the company by the new investor. The news outlet turned to the professor to ask about the plans of the company to open a factory...
Economy 11.08.23 | 14:04

The banks with record profits, the credit interest is rising

The continuous growth of the commercial banks’ credit interests didn’t decrease the companies’ and households’ debt. On the contrary, it increased it. The latest Central Bank data reveals that the interest on MKD credits is 5.9%, while the foreign currency credits’ interest...
Economy 10.08.23 | 20:47

Bonds whose seizure was announced by Customs director Bogoev are actually worthless

The announcement from the Customs Office director Stefan Bogoev, that his institution seized bonds worth 92 million EUR confused the public. The documents were taken from a Turkish passenger, Bogoev informed, announcing it as a major seizure of contraband. Today, VMRO-DPMNE issued a statement citing...
Economy 07.08.23 | 20:53

Former Minister Hajredini dismisses Government claims of rising living standards

Former Finance Minister Xhevdet Hajredini dismissed claims from Prime Minister Dimitar Kovacevski that his Government improved living standards by whopping 30.2 percent. Kovacevski came to this number by comparing the increase in the average salary and the inflation rate in the country. Except for the...
Economy 07.08.23 | 15:10

Financial expert Hajredini denies SDSM statement: people’s purchasing power has decreased, not increased

The people are 30% poorer, not richer, the financial expert Xhevdet Hajredini commented on the Government’s bragging that they raised the purchasing power of the citizens by 30.2%. “To the contrary, the people – you, elected officials, excluded – now may purchase exactly one-third...
Economy 05.08.23 | 15:57

Tripunovski: MKD 82 million for another SDS/DUI criminal project

Over MKD 82 million (€1.3 million) of the people’s money was spent on fixing the problem with the water supply in the agricultural regions of Rosoman and Gradsko, but Kovachevski’s Government somehow managed to make it worse, Tsvetan Tripunovski from VMRO-DPMNE said on Saturday. “The...
Economy 03.08.23 | 15:52

Retirees in Prilep protest, say they are being punished for having low pensions

Retirees from Prilep came out in protest today against the planned model of pension increases. The pensions will go up by average 6.8 percent, but proportionately. Retirees in Prilep on average have lower pensions and will see lower increases then those who already have higher pensions. Is the ministry...
Economy 03.08.23 | 14:03

The Ministry of Agriculture: We will use 100% of the IPARD 2 program, with more contracts than Serbia, Albania, and Monte Negro together

A total of €8.8 million will be invested in the financial support of agriculture with the last call of IPARD 2 program, to be announced on Friday. “Our goal is to use the maximum of this program, to the last euro. Until now we have concluded 2,369 contracts, which is more than Serbia, Albania,...
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