Category: Economy
Economy 03.07.20 | 20:05

Banks ready to pay welfare benefits

Banks are ready to pay social security checks and childcare financial assistance from Friday onward, according to the Macedonian Banking Association’s press release. Those with debit cards can make direct withdrawals as of now; others can pick up their checks at their local bank branches Monday. “Card...
Economy 03.07.20 | 18:42

Janusev visits a factory in Delcevo

We visited the textile factory “Viteks” in Delcevo. The textile industry is a leader in this region. Therefore, in the program we have pledged to the realization of several projects related to this branch, which will help in modernization and improvement of export performance, VMRO-DPMNE’s...
Economy 03.07.20 | 17:52

Misajlovski: We pledge for more than 1,000 kilometers of regional roads

The Vice President of VMRO-DPMNE, heading the list in the 2nd electoral district, Vlado Misajlovski stressed in Suto Orizari that at the upcoming elections citizens should choose between Zoran Zaev who forgot the people and only cares about his businesses or Hristijan Mickoski an honest man who will...
Economy 03.07.20 | 17:22

Janusev: We pledge for 640m euros in subsidies to farmers

VMRO-DPMNE has always been on the side of farmers. We have built successful stories together. We pledge for 640m euros in subsidies to farmers, VMRO-DPMNE’s Igor Janusev wrote on Friday. ВМРО-ДПМНЕ секогаш било на страната на земјоделците. Заеднички...
Economy 03.07.20 | 10:17

Macedonian public debt grows to 53,3 percent of GDP

Macedonia’s public debt reached 53,3 percent of GDP in May. It grew by 2,6 percent in just two months, largely driven by the 700 million EUR loan meant to cover public spending because of the reduction in revenue caused by the coronavirus epidemic. Tax revenue is down 9 percent in the first six...
Economy 01.07.20 | 14:52

Tax receipts drop by 6,7 percent in June

Tax receipts have dropped by 6,7 percent in June, said UJP tax authority chief Sanja Lukarevska. According to Lukarevska, the biggest drop, of 17,3 percent, was reporetd in income tax. She attributed the issue to the fact that some major companies were urged to pay their tax forward, during the early...
Economy 30.06.20 | 19:42

Mickoski: We have a plan for the first 100 days after we take office, I immediately announce three new investments

We have a clear methodology, we have a concept, we have policies that we will undertake in the first 100 days and I can announce that in the first 100 days the government of VMRO-DPPMNE will directly bring three serious, major multinational companies, said the leader of VMRO-DPMNE, Hristijan Mickoski...
Economy 29.06.20 | 18:59

Skopje, Ohrid airports to reopen July 1 and 2 with Wizz Air flights

Skopje International Airport and Ohrid St. Paul the Apostle Airport are to reopen Wednesday and Thursday respectively with Wizz Air flights, The first set of tourist are expected to arrive at the Skopje airport from the Netherlands and Poland in mid-July, TAV Macedonia General Manager Alper Ersoy said...
Economy 29.06.20 | 16:42

Industrial production in May drops 27 percent

Industrial production in May dropped by 27 percent compared to the same month in 2019. It has also registered a drop of 14.4 percent in period January-May compared to the same period last year. Industrial production in section Mining and quarrying decreased by 4.3%, in section Manufacturing it decreased...
Economy 29.06.20 | 12:28

Tax rebate app shows consumers spent twice as much on imported products

The VAT rebate app that was introduced by the Finance Ministry revealed some worrying trends. It shows that Macedonian consumers have spent nearly twice as much on imported products than on domestic products. According to the app, which allows citizens to claim a small rebate on the value added tax paid...
Economy 28.06.20 | 22:20

Mickoski: Higher salaries by 25 percent and pensions by 20 percent

VMRO-DPMNE President Hristijan Mickoski told Sunday the people of Demir Hisar that the party had made a program that pledged for at least 25 percent higher average salary during a four-year term. We pledge for at least 20 percent higher pensions for retirees in one term and a return to the old legal...
Economy 27.06.20 | 16:50

Mickoski in Kocani: Our program envisages 640 million euros for farmers

From what I have discussed so far with the people of Kocani, I can say that the three-year pandemic led by this leadership of SDSM and Zoran Zaev has not gone unnoticed in a negative sense here. People are living poorly in a bad economic, social and even health situation, VMRO-DPMNE leader said during...
Economy 25.06.20 | 11:38

EBRD launches online learning resource for small businesses

The EBRD is launching a free-to-use online learning and advice programme to support micro, small and medium-sized enterprises (MSMEs) confronted with the economic impact of the coronavirus pandemic. The EBRD “Know How to…in a Crisis” programme, hosted on the Bank’s platform, The Know How Academy,...
Economy 24.06.20 | 20:26

Government plans to take the German Wiebe company to court over the Kumanovo – Beljakovce railroad dispute

Transportation Minister Goran Sugareski announced a court case against the German Wiebe company, which is building the Kumanovo – Beljakovce section of the planned railway to Bulgaria. Sugareski accused the German company of violating the contract and abandoning the project. He said that the Macedonian...
Economy 24.06.20 | 15:53

Airports reopen July 1, passengers to arrive at least 3 hours before their flight

Passengers will need to arrive at the airport at least 3 hours before their flight, wear a protective mask at all times, maintain a physical distance and have a high degree of personal hygiene. According to the Decision of the Government of the Republic of Macedonia from 23th June 2020, for reopening...
Economy 23.06.20 | 18:05

Zaev wants to move 20 percent of the public administration workers into the private sector

SDSM party leader Zoran Zaev said that, if elected, SDSM will go ahead with its plan to off-load 20 percent of the public administration on the private sector. Removing the overly bureaucratic system in the country, with all the measures of checks and balances in the judiciary and pushing 20 percent...
Economy 23.06.20 | 15:39

Mickoski: I commit to GDP growth of 4 to 5 percent each year, unemployment below 10 percent

VMRO-DPMNE and the entire intellectual and expert team are behind a major project. The project is called “Renewal”. Renewal with over 1000 projects for everyone. The main focus of the “Renewal of Macedonia” project is the economy, entrepreneurship and business support, and the...
Economy 22.06.20 | 14:05

April average net wage stands at MKD 25,830

The average monthly net wage paid per employee in April increased by 4.2 percent and now stands at MKD 25,830 (EUR 419), said the State Statistical Office on Monday. This rise is caused by the increase of the average monthly net wage paid per employee in sectors Education (12%), Other service activities...
Economy 22.06.20 | 12:34

Janusev: VMRO-DPMNE to increase the average salary by 25 percent

The quality of life of the citizens is a priority in the program of VMRO-DPMNE. Salary increase is one of the main pillars on which Macedonia’s economy rests upon. Every responsible government must pay serious attention, make a plan and strategy to make every promise come true. VMRO-DPMNE can do...
Economy 22.06.20 | 09:26

Hoteliers ready for hotels to reopen in accordance with COVID-19 protocol

Guests wearing masks, receptionists and waiters wearing visors. Rooms without decorative cushions, ribbons and covers. Empty floors and hallways, no toys, no magazines, no printed informative materials. Walkway limit signs on the floors. This is the picture painted in national hotels that will reopen...
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