Category: Economy
Economy 18:27

Nikoloski: Investments are fleeing, instead of opening factories, they raise a NATO flag

Asked why VMRO-DPMNE did attend the NATO flag-raising ceremony in front of the government building, party vice president Aleksandar Nikoloski told Lider that they are raising a flag because they are not able to open factories. He explained that first, the country is not yet a NATO member, but it will...

Economy 13:11

Zegin donates 20,000 euros to families of bus victims and offers medication assistance

The Zegin company, after Wednesday’s tragic bus accident that happened on the Skopje highway, will provide one-time assistance in the amount of 20,000 euros for the families of the victims. In these difficult moments of the injured as well as their families and the families of the victims, Zegin...

Economy 09:46

Zaev: All employments will be checked

Prime Minister Zoran Zaev said all employments will be checked after public criticism that state-owned firms employ people close to government officials. “We will make a concrete analysis and the matter will be checked. We will see how the procedures were done. In the past year, we have 40,000...

Economy 17:19

Macedonia is sixth in the world according to the unemployment rate

According to Gold Broker, Macedonia currently shares sixth place with Angola in the world according to the unemployment rate of 20 percent. Congo with 46 percent tops the list, second is Bosnia and Herzegovina with 35 percent, and third Kosovo with 30 percent. Macedonia is just ahead of South Africa...

Economy 09:43

World Bank suggests that Macedonia extends the retirement age in order to save its pension system

World Bank calls on Macedonia to increase the retirement age, warning that without reforms the pension system will continue to be unsustainable. According to a WB report, the system is also not fair enough, and a strong policy reform push would stabilize the PIOM fund and make it more fair. The Bank...

Economy 23:17

Unpaid electricity bills write-off is a touchy issue between Macedonians and Albanians

A frequent pre-election promise by ethnic Albanian parties in Macedonia, often discreetly made, goes like this: “vote for us and you’ll never have to pay electricity again”. Electricity bills evasion is a significant problem in parts of Macedonia, often those which are majority Albanian,...

Economy 15:03

Tax authority begins tapping directly into data on all foreign receipts

The Public Revenue Service (UJP) began tracking flows of revenue from abroad received by Macedonian citizens. The Finance Ministry recently ordered banks to provide data to UJP which would allow the tax authority to look into every international transaction and automatically receive information on the...

Economy 10:56

Carovska without concrete answer whether Ahmeti’s view will affect the relations in the coalition

All findings regarding not transferring assets into the Second Pension Fund have been handed over to the Public Prosecutor’s Office. According to the Criminal Code, all those running state institutions, administrative bodies and public enterprises have an obligation, everything they will identify...

Economy 01:11

Kids of two MPs who voted for name change employed at state institutions

Sara Aleksandrova, the daughter of rogue VMRO-DPMNE MP, Emilija Aleksandrova, has been employed at the Fund for Innovation and Technological Development, Lider news portal has learned from the Fund’s sources. “Colleagues say this is a reward because Aleksandrova voted in favor of constitutional...

Economy 23:51

IMF: Macedonia to pay high price for the new increase in the minimum wage

The new increase in the minimum wage in Macedonia as a legal obligation can affect the increase in youth unemployment, warns the International Monetary Fund (IMF) in a separate analysis of the minimum wage in the country. It states that Macedonia can pay a high price from further ad hoc increase in the...

Economy 23:27

Stronger prospects for EU and NATO will positively affect our economy

“When we look at the experiences of other economies that have gone through this process, it’s clear that in NATO and in the years prior to NATO accession and EU accession, capital inflows in the region in particular countries significantly increased. Stronger prospects for EU and NATO integration...

Economy 16:39

Gasoline, diesel prices upped

Gasoline and diesel prices will increase by MKD 0.5-1.5 per litre as of Monday midnight, the Energy Regulatory Commission (ERC) has decided. Thus, the new price of EUROSUPER BS-95 is MKD 62 per litre and that of EUROSUPER BS-98 is now MKD 63.5. The price of EURODIESEL (D-E V) now stands at MKD 60 and...

Economy 12:07

Numbers don’t support Zaev’s claims of economic successes

After ramming through the amendments to rename Macedonia, Zoran Zaev also began touting his economic accomplishments. In a recent comment, he declared that “very soon Macedonia will become a NATO country, safe with a stable economy”, before adding that he brought 17 new investments in Macedonia,...

Economy 22:02

Mickoski promises help for hard hit farmers in Macedonia’s wine region

VMRO-DPMNE leader Hristijan Mickoski met with farmers from Macedonia’s main wine region – the Tikveshia – to discuss the growing problems they face in finding markets and receiving the subsidies promised by the Zoran Zaev Government. We have a real problem in Tikves. Two wineries are...

Economy 16:53

Industrial production last year grew by 5.4 percent

According to the State Statistical Office data, the industrial production volume index in December 2018, in comparison with December 2017, was 7.9. The industrial production in the section Mining and quarrying in December 2018, in comparison with December 2017, increased by 4.6%, in the section Manufacturing...

Economy 11:56

After Zaev triumphantly announced a 100 million EUR Volkswagen investment, company says it is still considering its decision

Volkswagen poured cold water on the triumphant announcement from Prime Minister Zoran Zaev that the German car giant is planning a major investment in Macedonia worth over 100 million EUR. Zaev declared that the company will open a large manufacturing plant, and conditioned it with the successful end...

Economy 18:55

Mickoski meets representatives of retirees amid retirement fund scandal and announced pension cuts

VMRO-DPMNE leader Hristijan Mickoski met with representatives from the Union of retirees to discuss the new law which is expected to lead to retirement cuts, as well as the scandal with unpaid contributions developing in the PIOM retirement fund. In the past, and in the future, VMRO-DPMNE will ensure...

Economy 18:46

Charges of abuse in the PIOM retirement fund cause rift in the SDSM – DUI coalition

An investigation in the missing retirement payments of 12.000 public and private employees, which Labour and Welfare Minister Mila Carovski from the SDSM party announced this week, caused a rift with SDSM’s coalition partner DUI, whose officials manage the PIOM state owned retirement fund. Deputy...

Economy 12:56

Macedonia among the most corrupt countries in the Western Balkans

According to the Corruption Perceptions Index 2018 of Transparency International (TI), released on Tuesday, the most corrupt countries in the Western Balkans are Albania, Macedonia and Kosovo, which are ranked 99th and 93rd respectively. They are followed by BiH and Serbia at 89th, and 87th, while Montenegro...

Economy 23:14

Don’t expect 2019 to be the year of the economy

Despite the optimistic economic promises coming from the Zoran Zaev Government, VMRO-DPMNE leader Hristijan Mickoski expects that 2019 will be another lost year for the economy. Don’t expect an economic boom in 2019. Just listen to what Zaev’s economic projections are based on, and I assure...

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