Category: Economy
Economy 07.05.21 | 19:16

New “Lear” plant to create up to 1,500 new jobs in Tetovo zone

United States company “Lear Corporation” and “Normak Investment Group” laid Friday the cornerstone of a new joint investment worth EUR 15 million in the Tetovo technological-industrial development zone, set to create up to 1,500 new jobs. It is an investment of 15 million euros, ie the second...

Macedonia Economy 07.05.21 | 13:35

Weddings could be allowed starting in late May

Economy Minister Kreshnik Bekteshi announced that it’s possible to allow restaurants to cater wedding again starting in late May. Owners of this type of restaurants have been protesting for months, and are financially ruined with the ban introduced last year. Bekteshi said that restrictions are being...

Economy 06.05.21 | 16:40

Export up 29% in Q1

According to the preliminary data of the State Statistical Office, the total value of exported goods from the Republic of Macedonia in the period January-March 2021 amounted to USD 2,002,586 thousand, a 29.0% increase compared to the same period last year, while the value of imported goods in the same...

Macedonia Economy 04.05.21 | 14:11

Diesel price goes up by 1 denar

Diesel price goes up by 1 denar per liter, the Energy Regulatory Commission decided. A liter of Eurodiesel fuel will be priced at 59 denars. Other fuel prices will be kept at the same level.

Macedonia Economy 04.05.21 | 09:45

Chamber of commerce demands that more infrastructure contracts go to domestic companies

Branko Azeski from the SKM chamber of commerce condemned the public infrastructure policies of the Zaev Government which, he said, led to having only one of the seven significant road projects under way at the moment being built by a Macedonian company. The contract requirements are major complicating...

Economy 01.05.21 | 10:47

International Workers’ Day observed with numerous violations of workers’ rights in Macedonia

Unpaid or reduced salaries, pressure on workers to sign termination agreements, abuse of state aid for payment of salaries and non-compliance with the law on safety and health at work, are some of the violations of workers’ rights with which workers will celebrate this year‘s International...

Macedonia Economy 29.04.21 | 17:18

Interest rates down slightly in March

Interest rates dropped by a third of a percentage in March, the Central Bank announced. The average interest rate for newly approved loans was 3.94 percent, which is down by 0.31 percent. Overall rates for all loans were at average of 4.59 percent. Corporate loans were at 3.7 percent, which is the same...

Economy 29.04.21 | 10:57

The husband of Judicial Council president of Pavlina Crvenkovska owes 1.6 million euros to Eurostandard Bank

The robbed Eurostandard Bank depositors, just before the election of Pavlina Crvenkovska as President of the Judicial Council, remind of her husband’s debt to Eurostandard Bank. They say that behind the robbery of their deposits there is a well-organized network of various fraudsters. This network...

Macedonia Economy 28.04.21 | 20:09

Macedonia ranked dead last in Europe in the ESI survey of economic sentiment

Macedonia is at the bottom in Europe in economic indicators estimated by the Economic sentiment indicator prepared by the European Commission. The ESI conducts a survey of companies from five economic branches to make an estimate of the economic sentiment. In March, Macedonia ranked dead last in Europe...

Economy 27.04.21 | 14:34

Historically highest public debt, address the matter, World Bank tells the Macedonian government

Growth in Albania, Bosnia and Herzegovina, Kosovo, Montenegro, Macedonia, and Serbia – the six countries of the Western Balkans – is expected to return in 2021, in the wake of the region’s worst economic downturn on record during 2020. Following the economic devastation brought on by the COVID-19...

Macedonia Economy 26.04.21 | 19:11

Vucic announces that the EU will fund a high-speed railroad line from Belgrade to the border with Macedonia

Serbian President Aleksandar Vucic announced that the European Union has agreed to co-fund the construction of a high-speed railway line through Serbia to Macedonia. The railroad will link Belgrade with Nis and Leskovac to the Macedonian border at Tabanovce. This is a fantastic project that will change...

Economy 26.04.21 | 11:06

Curfew starting at 9 pm, opening of summer terraces of cafes and restaurants, proposes Commission for Infectious Diseases

Curfew starting at 9 pm next week and opening of the summer terraces of cafes and restaurants is the proposal of the Commission for Infectious Diseases after the meeting this morning, the Commission told TV21. The decision has also been taken by the main coordination crisis HQ. The position of the Commission...

Economy 22.04.21 | 17:28

Zaev: Enough funds in budget for implementation of sixth set of economic measures

Macedonia is financially stable and there are enough funds in the budget for the implementation of the sixth set of economic measures for the tourism and hospitality sector, standing at EUR 17.8 million, Prime Minister Zoran Zaev said on Thursday. The envisaged EUR 17.8 million for tourism and hospitality...

Macedonia Economy 21.04.21 | 15:36

Constitutional Court agrees to hear the challenge proposed by the larger deposit holders in the failed Eurostandard Bank

The Constitutional Court agreed to examine the law on banks, under which small depositors in the failed Eurostandard Bank were reimbursed, but not those holding more than 30,000 EUR. The law gives priority to the small deposit holders when a bank collapses, who are ensured by a solidarity fund supported...

Macedonia Economy 21.04.21 | 14:39

Average salary declines in February compared to the previous month

The average salary paid out in February amounted to just under 28,000 denars (450 EUR). It grew by 2.7 percent compared to February 2020, but dropped by about 5 EUR compared to January. Salaries grew in the IT sector, by solid 10 percent, and in other services (8.2) percent. But it declined in mining...

Economy 20.04.21 | 18:44

Tourism vouchers planned for this summer too, travel agencies with B license to receive assistance of up to 2,000 euros, and those with A license up to 4,000 euros

Over 10 million euros from the sixth stimulus package will be allocated to help the tourism and hospitality sector, the Minister of Economy Kreshnik Bekteshi informed on Tuesday. As we started, we continue with the support of the tourism and hospitality sector. This package also envisioned measures as...

Economy 20.04.21 | 17:39

Bytyqi: The state will cover the costs of PCR tests for foreign tourists

The country will cover the costs of PCR tests for tourists who will visit our country, the Deputy Prime Minister in Charge of Economic Affairs Fatmir Bytyqi said at Tuesday’s press conference where the sixth stimulus package was presented. It will be done in cooperation with the Institute of Public...

Macedonia Economy 20.04.21 | 14:35

Huge spike in number of employees who did not receive their March salaries

Nearly 15,000 companies failed to pay out the March salaries to 54,662 employees, said UJP tax authority director Sanja Lukarevska. This is a huge spike, compared to just under 10,000 employees who were not paid in February. Lukarevska blamed this result to the delay in the adoption of the latest stimulus...

Macedonia Economy 20.04.21 | 09:48

Tourism and hospitality workers set to protest in front of the Government

Associations representing some 6,000 companies from the hospitality industry and tourism, including the restaurants and cafes who are vital for employment, will protest in front of the Government today. They have lost most of their income since early April when they were ordered to close their businesses...

Economy 19.04.21 | 22:55

Before there wasn’t a month without a new factory being opened, now there are neither factories nor investments

VMRO-DPMNE leader Hristijan Mickoski said Monday in an interview with TV Klan that before there was not a month without a new factory being opened, unlike now it is not known when a factory was opened, there are no investments with this government and it is obvious that it can’t do more than this. In...

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