Category: Economy
Economy 18.09.19 | 17:38

Close friend of Zaev and Spasovski transferred 300,000 euros from the Association of Tobacco Producers to private accounts

Kire Nedelkovski, a former SDSM official and a close friend of Zoran Zaev and Oliver Spasovski, embezzled nearly 300,000 euros, money from the Association of Tobacco Producers, transferring them from the account of the association to his own account and the accounts of his close relatives. These are...

Economy 18.09.19 | 13:18

Many are investing in cannabis in Macedonia, but no exports are being made yet, Reuters reports

Reuters reports on the growing marijuana business in Macedonia, adding that while investments amount to tens of millions of EUR, very little of the product has been exported yet. Macedonia legalised the growth of cannabis for medicinal purposes in 2016, and since 2017, 28 licences for growth and production...

Economy 16.09.19 | 17:24

Heavyweight advisers distance themselves from Finance Minister Angelovska, while a lightweight remains in her team

Seeral of the more heavy weight advisers to newly appointed Finance Minister Nina Angelovska took to their social media accounts to declare that they are not “part of her team” but simply external advisers. Meanwhile, another adviser was in for criticism for the lack of credentials and the...

Economy 15.09.19 | 11:45

VMRO blames Government corruption and damaging policies for dismal economic results

The opposition VMRO-DPMNE party called out SDSM for the dramatic drop in foreign investment, following its tax hikes. At a time when the entire region is in an economic upswing and breaks records in FDI, Macedonia, under SDSM, has a drop of 84.2 percent in the first half of the year. The foreign direct...

Economy 13.09.19 | 14:26

Heritage warns about the political persecution and corruption in Macedonia

The Heritage Foundation, in its index on economic freedom report, found serious deficiencies in the rule of law in Macedonia. Overall, law enforcement efforts are weak and aimed too often at government critics, undermining public confidence in official willingness to prosecute corrupt officials. The...

Economy 10.09.19 | 15:10

Diesel prices rise as gasoline drops

Gasoline prices drop by 0.5 denars, while diesel and extra light household fuel rise by 0.5 denars as of Tuesday midnight, the Energy Regulatory Commission (ERC) has decided. Thus, the new price of EUROSUPER BS-95 is MKD 66.5 per litre and that of EUROSUPER BS-98 remains the same at MKD 69. The price...

Economy 09.09.19 | 19:31

Subsidies planned for households that switch from wood burning stoves to air conditioning units

In a last ditch attempt to make a difference ahead of the winter air pollution season, the Government announced it will provide inverter air conditioning devices to households who give up on their wood burning stoves. The subsidies will apply in the cities of Skopje, Tetovo and Bitola, who have some...

Economy 09.09.19 | 17:28

Macedonia has almost the lowest average wage in the Balkans

Latest data from the State Statistics Bureau show the average wage in Macedonia at 410 EUR, which higher only than Albanija (378 EUR). All other countries in the region best Macedonia. Average salaries in Buglaria and Romania are at 457 an 535 EUR, Bosnians earn 472 EUR on average, tied with Serbia,...

Economy 09.09.19 | 11:08

10 buses full of people leave from Vinica

Mass emigration from our country does not stop. A few days ago, 1000 people left Delcevo. In just one day, 12 buses full of people from Delcevo who couldn’t find a job left Macedonia and went to look for their happiness in another country. Sad but true: 12 buses from Eastern Macedonia leave for...

Economy 07.09.19 | 19:50

Mickoski: Hear the truth about vine growers!

VMRO-DPMNE President Hristijan Mickoski posted a video on Facebook explaining how Zaev and the Government are shining. Here is how Zaev and the Government are shining, with people’s destroyed fates, with lies and crimes. They have brought the farmers to the bottom, and instead of lies that they...

Economy 07.09.19 | 18:23

Zaev released the list of new collaborators, but not their fees

Prime Minister Zoran Zaev’s new list of external collaborators does not state the amount of fees. Apart from the amount of fees, the list does not state how long their contracts will last. The new list of external collaborators does not include professor Mersel Bilali, professor Vanco Uzunov,...

Economy 07.09.19 | 11:51

Standard & Poor’s affirms Macedonia’s credit rating BB

Standard & Poor’s agency has affirmed our country’s credit rating BB with a stable outlook. The report pays special attention to the monetary policy, focusing on the stability of the domestic currency and the level of foreign reserves, as well as the stability of the banking system. Among...

Economy 06.09.19 | 21:25

Mickoski visits Tikves region: If this continues, vine growers will leave the fields

Today I was in the Kavadarci settlement of Marena for a meeting with vine growers. The situation is catastrophic, vine growers are unhappy because they feel cheated and deceived by the government. The promised subsidies are too low and never reach the end-users. The promised incentive for vine growers...

Economy 06.09.19 | 13:10

Levica asks when was Finance Minister Angelovska able to familiarize herself with the budget act she proposed

The left wing opposition party Levica asks the newly appointed Finance Minister Nina Angelovska how was she able to process the changes to the budget which were presented just days after he appointment. It’s interesting that she accepted to become Finance Minister a year ahead of the general elections,...

Economy 05.09.19 | 10:16

Serbia has 22 times more foreign investment than shining Macedonia

SDSM and Zoran Zaev are destroying the Macedonian economy for the third year, VMRO-DPMNE reacts. At a time when the economy is at the bottom and citizens are getting more and more poor, the government is spending the budget on populist measures with little effect instead of development projects such...

Economy 04.09.19 | 20:01

Sad but true: 12 buses from Eastern Macedonia leave for Italy in one day

A reportage of the “Infomax” news portal from Delcevo. A sad picture that is seen daily in Eastern Macedonia, where people, both young and old, are moving away in search of a better life. In just one day 12 buses left for Italy from Delcevo.

Economy 04.09.19 | 17:55

RFE: Deputy Prime Minister Koco Angjusev owns one third of 75 hydropower plants in Macedonia

One third of 75 existing hydropower plants in Macedonia are owned by Deputy Prime Minister Koco Angjusev, Radio Free Europe reports. The first small hydropower plant in the country received a license 10 years ago and since then 75 small hydropower plants have been built and operate. The government at...

Economy 04.09.19 | 10:42

Former Finance Ministry adviser blasts Zaev’s wage subsidy plan

Branimir Jovanovic, who was until recently a high level adviser in the Finance Ministry, denounced the Prime Minister Zoran Zaev’s flagship proposal in the new draft budget – to extend subsidies to companies who increase the salaries of their employees. The measure was seen as pre-election...

Economy 03.09.19 | 22:36

New budget proposal cuts infrastructure spending, will subsidize companies that increase salaries

Prime Minister Zoran Zaev and his newly appointed Finance Minister Nina Angelovska presented a proposal to redistribute the budget for the remainder of the year, which cuts 50 million EUR from a number of already stalled infrastructure projects. The Government is notoriously bad at building infrastructure...

Economy 03.09.19 | 10:16

Government to discuss budget rebalance

The 2019 budget rebalance prepared by the Ministry of Finance, whose final stage includes the new Minister Nina Angelovska, is due to be discussed at Tuesday’s government session. Prime Minister Zoran Zaev said Monday that the preparation of the rebalance is in the final stages and that it should...

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