Category: Economy
Economy 12:46

Average families will not even notice: VAT return will only be felt by the richest

With the VAT return measure, the poorest households will be able to return only 738 denars. The effects of the newly announced measure, which is to be launched by mid-year, will only be felt by the richest households that spend 1.2 million denars annually. With the VAT return, they will be able to return...

Economy 11:19

Tevdovski confirmed that the policies of VMRO-DPMNE in the economy were good

Yesterday, Dragan Tevdovski confirmed that the policies of VMRO-DPMNE in the economy were good, VMRO-DPMNE said, adding that Zoran Zaev and SDSM manipulate with the citizens. The fact that there are foreign investments that reinvest profit is a result of the successful policies of VMRO-DPMNE in the past....

Economy 18:46

Agreement to eliminate double taxation with Greece

The Federation of Industries of Greece has sent a letter to country’s Finance Minister Euclid Tsakalotos, urging for the signing of an agreement with our country to eliminate double taxation, Greek media report The Federation believes the agreement “will be a strong incentive to boost the...

Economy 14:31

Zaev denies that Minister Carovska is on the way out after her latest fight with DUI

Zoran Zaev denied reports that his Labour and Welfare Minister Mila Carevska is about to resign due to her conflict with his key Albanian coalition partner DUI. Kacarska revealed abuse in the public PIOM retirement fund, ran by DUI officials, and no sooner was that issue covered up between the coalition...

Economy 13:27

Macedonian Central Bank reduces interest rate to 2.25 percent

The Macedonian Central Bank reduced its base interest rate from 2.5 to 2.25 percent. Its Operative monetary policy committee decided that, based on the available economic data, the bank can further relax its monetary policy. The Committee sees continued favorable developments in the foreign currency...

Economy 17:21

Mickoski in Kavadarci: Our priorities will be development of the economy, opening of new jobs and higher salaries

VMRO-DPMNE leader Hristijan Mickoski paid Tuesday a visit to the municipality of Kavadarci. Mickoski visited the “Mi Komerc” company that deals with trade and production of aluminum locks. At the meeting with the owners, he pointed out that the development of the companies is closely connected...

Economy 15:05

Drop in the number of foreign tourists

The number of tourists in Macedonia dropped by 0.7 percent in January, and the number of nights they spent in the country was down 4.3 percent. Statistics show that the number of domestic tourists grew by 2.6 percent, and the drop was due to the 2.7 drop in foreign tourists. A total of 49.021 tourists...

Economy 15:56

Over 60 percent more building permits issued than last year

According to the data from the State Statistical Office, a total of 307 building permits were issued in January 2019, which was 62.4% more than the same month of the previous year. According to the issued building permits, the expected total value of the constructions was 4 055 602 thousand denars, which...

Economy 12:01

WB Executive Director Davidse visits Macedonia

The Executive Director of the World Bank Koen Davidse pays an official visit to Macedonia on March 11-12. Minister of Finance Dragan Tevdovski will be his host, and several high-level meetings are planned. “During the visit, Davidse will meet with Prime Minister Zoran Zaev, Deputy Prime Minister...

Economy 18:06

Mickoski: Macedonia can be the technology tiger of the Balkans

Opposition leader Hristijan Mickoski visited the Imperijal textile factory in the village of Brvenica near Tetovo, where he outlined to the owners what the VMRO-DPMNE economic program would mean for mid sized domestic businesses. A hundred families owe their livelihood to this business. We must pay more...

Economy 18:24

Mickoski promises support for domestic businesses during his visit to the Gostivar brick factory

VMRO-DPMNE President Hristijan Mickoski visited the Gostivar brick factory where he discussed the issues business leaders have with operating in Macedonia. After the visit, Mickoski promised that the opposition party will help businesses thrive . Domestic businesses will be able to develop if they have...

Economy 21:24

VMRO-DPMNE proposes reducing the VAT rate from 18 to 16 percent

The opposition conservative VMRO-DPMNE party intends to reduce the value added tax rate from 18 to 16 percent, in a push to improve living standards. VMRO leader Hristijan Mickoski announced that the party’s group in Parliament will propose the measure, adding that this will ensure that consumers...

Economy 17:19

Angjusev still holds out hope that Volkswagen will invest in Macedonia

Deputy Prime Minister Koco Angjusev assured the media that Volkswagen still hasn’t made a decision to open its new large manufacturing plant in Serbia. Zoran Zaev promised that, as result of the name change he pushed through Parliament, the giant German car-maker will make a huge investment in...

Economy 15:49

German company ‘Gerresheimer’ to build Skopje plant, create 400 new jobs

Leading supplier to the global pharma and healthcare Gerresheimer AG is to build a new plant in Skopje, Prime Minister Zoran Zaev confirmed on Thursday. This investment, as he said, will create 400 new jobs. A huge investment has been agreed, the second after the signing of the NATO accession protocol....

Economy 12:48

The first bills to be printed with the country’s new name will be the 10 and 500 denar bills

According to the orders signed by Governor Anita Angelovska Bezovska, published in the Official Gazette, the next issue of 10 and 500 denar bills will be printed with the new name of the National Bank. The order reads: “The National Bank of the Republic of Macedonia” is replaced with the...

Economy 17:07

Mickoski promises return to the low and flat tax regime during his visit to Bucen Kozjak

VMRO-DPMNE leader Hristijan Mickoski visited the Bucen Kozjan dairy factory on Tuesday, where he discussed the economic policies the conservative party wants to put in place after re-asserting majority in Macedonia. During my visit, we discussed the problems businesses face. We are in favor of helping...

Economy 12:43

Zaev: EUR 60-100 million to citizens through VAT return

Prime Minister Zoran Zaev expects citizens to receive EUR 60-100 million as a result of the project for VAT return in the amount of 15 percent, which is set to launch on July 1. VAT revenue losses, according to the prime minister, now amount to around 30 million euros, and the damage is even greater...

Economy 15:07

Miladinovci-Shtip motorway section to open by week-end

New motorway section Miladinovci-Shtip will open by the end of the week, according to institutions charged with its construction. According to the announcement from the competent institutions, the 47 km long motorway section, will be put into use with a temporary regime of sections where two pay tolls...

Economy 22:07

Mickoski says Zaev is lying to the public on the economy and the foreign investments

Meeting with supporters in Ohrid, VMRO-DPMNE leader Hristijan Mickoski accused Zoran Zaev of lying after the Prime Minister recently claimed that he is to be credited for what he called record breaking foreign investments in Macedonia. The only foreign investments that are coming are here as the result...

Economy 17:32

UNIBanka issues a perpetual bond

The UNIBanka bank issued a perpetual bond worth 5 million EUR, with an annual interest rate of 9 percent for the first 5 years. According to the executive manager Vladislav Hadzidinev, this is the first time this instrument has been used in the Macedonian financial market. The perpetual bond issue will...

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