Category: Economy
Economy 27.07.23 | 22:07

Ministry of Finance: Seventeen irregularities linked to EU funds identified since 2015, specific procedures implemented

The Anti-Fraud Coordination Unit (AFCOS) does not have data from the European Anti-Fraud Office (OLAF) due to the fact that the latter is not obliged to inform AFCOS on ongoing or completed investigations, or their outcomes, in line with the IPA Framework Agreement and OLAF regulations, the Ministry...

Economy 26.07.23 | 23:14

The Government rescinded its decision on Ilovitsa concessions, may face up to one billion euros in damages demands

The decision to merge the concessions wasn’t rejected yesterday, but instead, a decision was made which invalidates the previous decision on the merging of concessions, the Minister of Economy Kreshnik Bekteshi explained at Wednesday’s press conference. “In fact, we didn’t take away any...

Economy 26.07.23 | 22:59

Slupchane inhabitants block the works on electricity network again, setting absurd demands for special treatment

The inhabitants of the village of Slupchane in the Lipkovo region didn’t allow the EVN (a private electricity distribution company) teams to work on the network again, setting absurd demands, the company informed. The resistance, which began almost a month ago, but was temporarily resolved by the...

Economy 26.07.23 | 18:02

Around 200 companies to be covered by the new Solidarity Tax

About 200 companies will be covered by the Solidarity Tax, with the total amount to be collected between €75 and €77, the Public Revenue Service, Sanja Lukovska, said on Wednesday, as the discussion on the draft law began in the Parliament by the summary procedure. The profile of the affected companies...

Economy 26.07.23 | 16:56

The Government reviewed the Information on Ilovitsa, details to be made public on Thursday

The Government in its Wednesday session reviewed the Information submitted by the Minister of Economy, Kreshnik Bekteshi, regarding the chronology of all procedures for granting concessions for detailed geological study and exploitation of mineral ores – copper and gold – at the locality...

Economy 25.07.23 | 18:27

Economy Minister Bekteshi failed to show at a press conference; uninformed reporters were waiting for over an hour

After one and a half hours of waiting for the Minister of Economy, Kreshnik Bekteshi, to show up at a scheduled press conference, the reporters were informed to leave because he was otherwise occupied. The topic of the press conference was Bekteshi’s report to the Government on all legal procedures...

Economy 24.07.23 | 23:29

RKE decided: The fuel prices will rise

The prices of EUROSUPER BS-95 and EUROSUPER BS-98 are set to rise by Mden 1 as of Monday midnight, while the prices of EURODIESEL and extra light household oil remain unchanged, said the Energy Regulatory Commission (ERC). Based on the ERC’s latest decision, EUROSUPER BS-95 will be sold at MKD 82,5...

Economy 21.07.23 | 20:20

Average salary rises to 600 EUR

The average salary increased to 36,465 denars (about 600 EUR) in May 2023, an increase of 16 percent compared to the same period last year. Salaries rose the most in the areas of services (25.5% increase), scientific and technical occupations (21.4%) and finances (18.8%). Macedonia is also hit by a significant...

Economy 19.07.23 | 11:34

Parliament closes loophole used by debt enforcement agents

Parliament yesterday adopted changes to the law on obligations and the law on enforcement of court decisions, that will close a loophole used by enforcement agents. Under the law, debts owed under an effective court order expire in 10 years. Because of this, it became customary that enforcement agents...

Economy 19.07.23 | 10:15

Starting in September, public sector employees will see their salaries rise by 10 percent

Labour Minister Jovana Trencevska and Slobodan Trendafilov, head of the SSM union, signed a collective contract that would introduce a new model of increasing the salaries in the public sector. The agreement includes a 10 percent increase for the 130,000 public sector employees in Macedonia, that will...

Economy 17.07.23 | 12:19

VMRO-DPMNE reacts on PM Kovachevski’s statement about the Ilovitsa mine

In an attempt to defend his Minister of Economy Kreshnik Bekteshi, PM Kovachevski got entangled in his own lies, VMRO-DPMNE claims. “In order to prove his loyalty and servility to Ali Ahmeti and DUI, Kovachevski the pawn lied to the public. According to publicly available documents, he concessions...

Economy 16.07.23 | 17:11

Macedonia and Serbia promote joint e-toll payment system

Prime Minister Dimitar Kovachevski and Serbian counterpart Ana Brnabic promoted the joint e-toll payment system at the Presevo point (Serbia) on Sunday. The system implemented within the Open Balkan initiative is set to ensure faster flow at tolls in Macedonia and Serbia, with citizens already using...

Economy 16.07.23 | 13:52

Besimi: The indexing of the public sector salaries is a historical decision

The Government was never “an adversarial party” in the salary negotiations with the trade unions, but a manager of the process leading to establishment of an optimal outcome.  We actively negotiated with the trade unions, but it was also very important to us to offer a solution in accordance...

Economy 15.07.23 | 18:53

Mickoski: The ‘Solidarity Tax’ is a pure banditry aimed to burden the loyal citizens, and protect the disloyal

The pending law on solidarity tax is pure banditry aimed to take even more from the loyal Macedonian citizens, who pay all their duties, and to protect those who are not loyal and virtually never pay their taxes, VMRO-DPMNE leader Hristijan Mickoski commented. “There are entire regions in Macedonia,...

Economy 15.07.23 | 18:12

Trenchevska: The Government will review the decision on merger of the two Ilovitsa-Shtuka mine concessions

The Government will review the decision on merging the two concessions for the Ilovitsa – Shtuka mine, and will require additional information from the  competent ministry, Minister  of Labor and Welfare Yovanka Trenchovska said on Saturday, adding that her party’s (SDSM) position is identical...

Economy 15.07.23 | 12:24

DUI’s largest sponsor, Nazif Destani, will mine copper and gold in Ilovitsa

Under DUI’s orders and to the harm of the Macedonian citizens, PM Kovachevski forced a Government decision to merge the concessions for gold and for copper in the Ilovitsa mining site, VMRO-DPMNE accuses. “Nazif Destani, the founder of the holding company Ecolog and one of DUI largest sponsors,...

Economy 14.07.23 | 18:23

Diesel price goes up by 2 denars per liter

Diesel fuel prices will go up by 2 denars per liter overnight, determined the Energy Regulatory Commission. Diesel will now be sold for 72.5 denars per liter, while prices of BS-95 and BS-98 gas remain unchanged at 80 and 82 denars per liter.

Economy 13.07.23 | 18:53

Nearly 1,300 citizens bought state bonds for 25 million EUR

The Finance Ministry said that a total of 1,283 citizens took part in the bond issue purchasing bonds for a total of 1.448 million denars (25 million EUR). The Ministry expected intrest for half of that amount. The two year bonds were issued with a 5 percent interest rate, and Finance Minister Fatmir...

Economy 12.07.23 | 14:06

VMRO-DPMNE: The ‘civic bond’ means more money for Kovachevski and Grubi’s businesses

By applying the ‘civic bonds”, the Governments takes the money from the banks and the citizens and invests it in tenders and shady businesses, VMRO-DPMNE claims. The party points out that the very fact that the ‘civic bond’ will yield larger interest than the bank deposits will...

Economy 11.07.23 | 20:42

Government announces 10 percent increase in public sector salaries

Faced with high inflation and dropping poll numbers the Government announced that it will increase salaries of public sector employees by 10 percent, and they will also receive 10,000 denars (170 EUR) in vacation bonuses for the year. This is the outcome of its negotiations with the public sector unions. The...

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