Category: Economy
Economy 13.11.19 | 22:07

VMRO leadership announces urgent economic reforms during meeting with regional IMF representatives

VMRO-DPMNE President Hristijan Mickoski met with a delegation from the IMF, led by the Stephanie EBle, head of the newly founded Western Balkan IMF office, and Bergljot Barkbu who leads the Macedonian office. The opposition party discussed the political and economic situation in Macedonia with the IMF...

Economy 13.11.19 | 11:48

Mancevski: Employments will not stop because of the elections

Employment needs are defined by the institutions, not the Ministry of Information Society and Administration. New job advertisements have been issued and will continue to be issued. Employments will not be halted because of the elections, because the institutions have needs. It is a living matter, people...

Economy 13.11.19 | 10:44

Outgoing Prime Minister Zaev in Tetovo: Richer people to change their heating systems

Outgoing Prime Minister Zoran Zaev ahead of Tuesday’s government session in Tetovo responded to journalists’ questions related to government measures against air pollution: We allocated ten million euros. We allocate up to two million euros in budgets, directly for environmental programs....

Economy 12.11.19 | 20:39

Zaev will ask the chambers of commerce to nominate a replacement for Angusev, who is leaving after his profits allegedly nosedived

Prime Minister Zoran Zaev said that he will turn to the chambers of commerce and ask them to propose a replacement for his outgoing Deputy Prime Minister Koco Angusev. Angusev, who was in charge of economic development, announced he will leave the Government following the early general elections scheduled...

Economy 12.11.19 | 18:54

Levica demands action against textile factory manager who plans to fire 250 employees

A report was filed with the Veles labour inspectors by the far left Levica party, which claims that the owner of a textile factory broke the law when he announced the firing of 250 employees. The news comes as the Zaev Government plans yet another hike in the minimum wage which hits the textile industry,...

Economy 12.11.19 | 14:46

Shining economy blinded businessman Koco

Koco Angjuhev is also leaving Zoran Zaev. The Deputy Prime Minister in charge of economic affairs said that no matter what the outcome of the election, he is withdrawing from politics, returning to his own companies and the Faculty of Mechanical Engineering. What is the reason for this decision of the...

Economy 12.11.19 | 13:51

Mickoski meets “Macedonia 2025”: Time for reforms after April 12 elections

VMRO-DPMNE leader, Hristijan Mickoski, met Tuesday with representatives of the “Macedonia 2025” organization. The meeting focused on the current political situation, economic situation and strategic priorities that are crucial for the progress of the Republic of Macedonia. I pointed out that...

Economy 12.11.19 | 12:21

2020 budget amounts to 3.9 billion euros

The 2020 budget will amount to 3.615 billion euros, and the focus will be on human capital, better healthcare, education and social system and strong support for real sector growth. Fifty-six percent of total budget spending will go to areas that rely on human capital. This is the proposal that received...

Economy 11.11.19 | 23:20

Angjusev: Pay and pension go up as economic figures increase

As a government we have to resolve ongoing issues, and if you ask business people, human capital is the biggest issue they are facing, which is why we’re creating conditions for pay rise, Deputy PM for Economic Affairs Koco Angjusev told Telma TV on Monday. We have to help companies keep people....

Economy 11.11.19 | 21:37

FinMin Angelovska presents 2020 draft budget, investments the main focus

The 2020 draft budget will focus on investments in human capital, i.e. a better health, education and social system, as well as strong support to growth of the real sector, Finance Minister Nina Angelovska said Monday, presenting the 2020 draft budget to the business community, NGO sector, trade union...

Economy 10.11.19 | 23:08

Telma reports that the Government is planning to loan a billion euros in 2020, and have by far the biggest budget ever

Telma TV reports that the Zaev Government is preparing a hugely increased budget for 2020, valued at 4.46 billion EUR. The 2019 budget, by comparison, was 3.7 billion. The Finance Ministry quickly denied the report. According to Telma, the Zaev and his Finance Minister Nina Angelovska are planning to...

Economy 10.11.19 | 21:49

Welfare Minister Carovska cites study claiming that a family of four can survive the month on just 280 EUR

Labour and Welfare Minister Mila Carovska caused outrage in the public with a claim that, according to a set of indicators, a family of four can live in Macedonia on an income of 17.000 denars a month (280 EUR). Carovska was defending the Government’s plan to hike the minimum wage again, to 14.500...

Economy 10.11.19 | 16:39

Mickoski presents a long list of Zaev’s unfulfilled promises in the energy sector

The Zaev Government implemented barely 2 percent of its electoral promises, said VMRO-DPMNE President Hristijan Mickoski during a press conference today. Mickoski announced a series of press conferences in which he will present the numerous infrastructure projects which SDSM announced in its 2016 program,...

Economy 09.11.19 | 12:21

Unreliable and inconsistent: Former Finance Minister Gosev blasts Zaev for dropping the progressive income tax

Petar Gosev, who was Finance Minister under the previous SDSM led Government and was later promoted to Central Bank Governor, lashed at Zoran Zaev over his move to suspend the progressive taxation and to revert to the flat tax regime introduced in 2006 by VMRO-DPMNE. The Government says it showed virtue...

Economy 08.11.19 | 20:03

SSK chamber of commerce doesn’t believe the economy will really grow by 3.5 percent in 2019

Daniela Arsovska, head of the Association of chambers of commerce (SSK), is skeptical about the projected growth rate of 3.5 percent for 2019. The National bank gave its projection but I don’t think it will be doable given the election campaign. Companies are looking into their plans for the first...

Economy 08.11.19 | 13:10

Pendarovski: Investing in young innovators is investing in our future

Investing in young innovators is investing in our future. It is in country’s interest Macedonian innovators to find their place in scientific and educational institutions and to actively contribute to the country, President Stevo Pendarovski said at Friday’s opening of 2019 MAKINOVA/ECONOVA exhibition...

Economy 07.11.19 | 15:22

Government defends its decision to loan additional 180 million EUR from China for the Kicevo – Ohrid highway

Zoran Kitanov, the head of the Macedonian Roads company, insists that work on the Kicevo – Ohrid highway is proceeding at a high pace and that the huge increase in price was necessary. The highway is one of the two major Chinese funded projects in Macedonia, which the currently ruling SDSM party...

Economy 07.11.19 | 10:32

EBRD sees Macedonia growing by 3.2 percent in 2019 and in 2020

The European Bank for Reconstruction and Development projects that Macedonia will grow by 3.2 percent in 2019 and 2020. EBRD’s report sees Macedonia recovering economically after the political crisis that was provoked in 2015. It lists the 2018 growth rate at 2.7 percent and an increase of 3.6...

Economy 06.11.19 | 12:54

Angelovska: Progressive tax is not scrapped, but put on hold

Progressive tax is not scrapped, but put on hold. Efforts in the coming period will be focused on designing an optimal solution, a fair, efficient and comprehensive one, Finance Minister Nina Angelovska told the public broadcasting service. She also said that the Government’s decision shows sobriety...

Economy 05.11.19 | 14:21

New healthcare scandal involving Filipce and Aleksandar Jovanovski – Zuti

New scandal involving Minister Venko Filipce in sight, in which the famous Aleksandar Jovanovski – Zuti is again involved, the Lider news portal reports. Lider has learned from the Ministry of Health sources that the renowned “King of Reagents” will now enter into a public-private...

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