Category: Economy
Economy 06.04.20 | 21:36

Export of face masks limited, 20% of daily production to be stored

The government has decided on Monday that the amount of face masks exported from North Macedonia should not exceed 80% of masks produced daily. “Economic operators and manufacturers that export face masks are required to present a document proving that they keep in storage 20% of the amount of masks...
Economy 06.04.20 | 13:40

Mickoski blasts the Government for using its emergency powers to redraw the currency, adding the adjective “North” before Macedonia

VMRO-DPMNE President Hristijan Mickoski blasted the move from the SDSM led Government to use its executive powers, given to it because of the state of emergency, to order that the imposed name “North Macedonia” is added on the currency. There are many dubious decisions made by the Government,...
Economy 05.04.20 | 15:51

Leave the vanities, politics must now have only two goals, saving lives and economic chance of surviving the crisis

The leader of VMRO-DPMNE Hristijan Mickoski held Sunday a press conference at which he stressed that the state of emergency and the epidemic is not politics, it is not a political contest, it is not polls, it is not an election and it is not a party interest. This epidemic is a threat to the health and...
Economy 04.04.20 | 21:39

PE Vodovod Ohrid with over 250 employees in times of economic crisis spends 5 million denars for temporary employments

The President of the VMRO-DPMNE branch in Ohrid posted on his Facebook profile a document which shows that PE “Vodovod” from Ohrid signed an agreement with the Private Employment Agency “AKSIOS-VARDAR” from Gostivar in the amount of 5,000,000.00 denars. The public enterprise “Vodovod”...
Economy 03.04.20 | 23:00

IMF loans 175.2 million EUR to Macedonia

The International Monetary Fund agreed to provide 175.2 millon EUR in loans to Macedonia, to help keep up the balance of payments during the coronavirus epidemic. The Macedonian Government said it will instruct the Finance Ministry to work with the Central Bank to implement the IMF loan.
Economy 03.04.20 | 20:58

Leasing companies will reduce monthly rates by at least 80 percent over three months

Finance Ministe Nina Angelovska announced this afternoon that leasing companies and other financial institutions will reduce their rates by at least 70 percent in the next three months. The move comes after most commercial banks offered to postpone collecting the monthly debt rates for up to six months. Angelovska...
Economy 03.04.20 | 14:47

Ban on flour export to be lifted

The ban on export of flour that was introduced because of the state of emergency will be lifted, the Economy Ministry decided Friday after meeting with representatives of the milling and baking industry. Economy Minister Kreshnik Bekteshi said that the decision was made after it was determined that the...
Economy 03.04.20 | 11:48

Angelovska-Bezoska: We expect financial conditions to ease for both citizens and corporate sector

We expect the financial conditions to ease for both the citizens and the corporate sector. This was precisely the purpose of the amendments to the regulation on the operation of banks, which we adopted. We have done in-depth analysis before in order to come up with a solution that will at the same time...
Economy 02.04.20 | 18:54

Oliver Spasovski warns commercial banks he can regulate them by decree if they don’t show solidarity

After the Government opted for a soft approach toward the banks, deciding to recommend that they postpone loan payments instead of ordering a grace period, interim Prime Minister Oliver Spasovski today said that the approach could be revised. He warned the banks that, if they don’t show solidarity...
Economy 02.04.20 | 15:03

Mickoski: Short-sightedness of government’s economic team, supplemented by Spasovski and Zoran Zaev, prevents from seeing the chance of using money from the pension fund

VMRO-DPMNE leader Hristijan Mickoski wrote Thursday on Facebook: Unfortunately, the short-sightedness of the government’s economic team, supplemented by Spasovski and Zoran Zaev, prevents from seeing the chance of using money from the pension fund, which would mean additional 200 million euros...
Economy 02.04.20 | 11:52

Unproductive spending to stop, capital investments to continue

SDSM’s quasi-measures leave thousands of citizens without income. 33,000 workers in the tourism and catering sector, including hotels, restaurants, cafés will not receive government assistance for payment of salaries. Instead of realistic measures, SDSM deceives the citizens with improvisations....
Economy 02.04.20 | 10:50

If the government implements the reform in the pension fund, insurers will not lose a single penny, and the state will receive money

In an interview with “Faktor”, VMRO-DPMNE leader Hristijan Mickoski says that if the government implements the reform in the pension fund, the insurers will not lose a single penny, and the state will receive money. We will talk about the pension system, but in this respect do you think that...
Economy 01.04.20 | 22:32

Slaveski: The second set of measures offers insecurity for both citizens and companies

The measures that the SDSM-led government has adopted for the coronavirus efforts are unclear and confusing, said Trajko Slaveski of VMRO-DPMNE’s EC, who spoke about these measures on TV 24. They are unclear because unlike some other countries, we follow what measures are being taken and how we...
Economy 01.04.20 | 18:44

Epidemic of layoffs, thousands of workers at risk of losing their jobs

There are no jobs that are not at risk because of the crisis caused by the coronavirus, and because of the government’s insufficient and poor measures for assistance. In the trade, over 29,000 workers are threatened with forced layoffs. Thousands of people employed with foreign investors are worried...
Economy 01.04.20 | 17:48

Covering up to 50% of gross salaries for four months and intervention in the second pension fund

VMRO-DPMNE will submit two measures to the Government, party leader Hristijan Mickoski said at a press conference on Wednesday. We call for rationalization of budget spending. And one message to the government, I am aware of your arrogance, but forget that I have proposed this, accept it because the...
Economy 01.04.20 | 16:44

While Serbia provides money for every citizen, the Macedonian government plans to save the economy with poor measures

The set of economic measures presented on Tuesday by the interim prime minister of the government of the Republic of Macedonia as a rescue of the economy, which is on its knees due to the consequences of the coronavirus pandemic, are insufficient for the economy and the affected companies. These measures...
Economy 01.04.20 | 14:36

Finance Minister Angelovska sees a budget shortfall of between 700 million and 1.3 billion EUR

Finance Minister Nina Angelovska outlined three scenarios for the coming economic crisis. Even under the most favorable scenario the budget would see a projected revenue shortfall of 20 percent, or a deficit of 700 million EUR, Angelovska said. This is caused by the quarantine and curfew ordered because...
Economy 01.04.20 | 13:54

Citizens and companies will face a pile of debt after the crisis is over, as banks will continue to compound interest

Macedonian banks who agree to postpone the payment of loan rates for up six months for their debtors will continue to calculate interest on the debt. This was confirmed today by Finance Minister Nina Angelovska, and it concerned citizens and companies who fear they will face a pile of debts once the...
Economy 01.04.20 | 11:19

VMRO-DPMNE: The proposed stimulus package is nowhere near enough

The opposition VMRO-DPMNE party said that the economic measures finally announced by the SDSM led Government yesterday are badly insufficient as a response to the coronavirus epidemic and will lead to a long and difficult economic crisis. The package of measures are a huge disappointment. It’s...
Economy 31.03.20 | 23:15

Arsovska: Economic measures must be improved or there will be no companies left

The set of measures needs to be improved, it is urgent to help the companies immediately, urgently, now, because there will be no companies that will generate funds in the budget, the president of the Macedonian Chambers of Commerce Danela Arsovska said Tuesday on the “Top tema” show. Assistance...
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