Category: Economy
Economy 25.05.19 | 19:15

VMRO says SDSM refused a series of its proposals to help welfare recipients

VMRO-DPMNE called out the ruling SDSM party for failing to improve the plight of the half a million Macedonians who live below the poverty line. SDSM refused a series of welfare reform bills VMRO proposed in order to help reduce the poverty rate in Macedonia. SDSM refused our proposal to expand the 1.000...
Economy 25.05.19 | 18:35

Russia lifts its ban on the import of peaches and other fruits from Macedonia

Russia withdrew its ban on imports of fruits such as peaches, cherries and plums from Macedonia. The ban was introduced following the spread of a honey fungus, which prompted Russian health services to ban the imports. The lifting on the ban is conditioned with having safety certificates for each shipment.
Economy 25.05.19 | 14:40

Furniture company leaves the region, hundreds of customers in Macedonia say they’ve been duped

A Russian furniture company named Spilit, which operates under the name Nefa in the Balkans, shut down its operations in Serbia and left customers in Macedonia, who paid for its products, stood up. Nefa had a dozen of stores across Macedonia, the latest opening as recently as a year ago. Only in Gostivar...
Economy 25.05.19 | 10:22

Eurostat shows Macedonians among the last in Europe to move out of their parents’ home

Eurostat research shows that Macedonians are among the last Europeans to move out of their parents’ homes. If on average, a Swede moves out aged 18.5, in Macedonia, as in much of the Balkans, this comes in the early 30-ies. Macedonians would, on average, start their independent life at 31.7 years...
Economy 24.05.19 | 14:31

Gerrensheimer, the one notable foreign investment of the past two years, came on its own, had no help from Zaev’s investment teams

Unlike the pro-active approach to bringing foreign manufacturing investments into Macedonia developed by the Nikola Gruevski Government, German producer of pharmaceutical devices Gerrensheimer, who is the only major FDI completed under the Zoran Zaev term, did its own research and came to the country...
Economy 23.05.19 | 12:17

Mickoski calls Zaev out for the failure of his economic policies

Opposition leader Hristijan Mickoski called Zoran Zaev out over his promise to deliver anything like the economic boom he promised. Mickoski pointed to the drop in the average salary and the series of tax hikes as evidence of the failure of Zaev’s economic policies. With an average salary of 24.433...
Economy 21.05.19 | 21:40

Businessmen angry as cash transactions limited to 500 EUR

Businessmen are angry after the decision to limit cash payments to 500 EUR, which goes into effect June 1st. Drilon Iseni from the Macedonian Chamber of Commerce sees the move as an unnecessary restriction which will impact businesses. It is a Balkan custom to pay cash. We now that consumers will look...
Economy 21.05.19 | 21:31

VMRO will propose a reduction in the heating tax

After meeting opposition supporters in Skopje’s Karpos district, VMRO-DPMNE leader Hristijan Mickoski announced that the party will propose regulation to lower the heating prices in the capital. Mickoski reminded the public that Zoran Zaev and his SDSM party promised to do just that, by reducing...
Economy 21.05.19 | 15:17

Average net wage in March was 24,590 denars

According to the data of the State Statistical Office, the index of the average monthly net wage paid per employee in March 2019, compared to March 2018, was 3.8%. This increase is caused by the increase of the average monthly net wage paid per employee in the sectors: Human health and social work activities...
Economy 20.05.19 | 16:00

Trajkovski will be the new general manager of Eurostandard Bank

Director of the Agency for Personal Data Protection Goran Trajkovski will be the new General Manager of Eurostandard Bank. According to Press 24, Trajkovski leaves the Agency to become the director of the Eurostandard Bank. He told the news portal he was leaving for another post. In his resignation letter,...
Economy 20.05.19 | 11:19

Director of the Directorate for Personal Data Protection Goran Trajkovski resigns

Goran Trajkovski, the director of the Directorate for Personal Data Protection, has resigned. Trajkovski said he had resigned for personal reasons, and the resignation letter was submitted to Parliament on Friday. In the past, Trajkovski was also director of the Public Revenue Office, and in 2016 he...
Economy 16.05.19 | 17:08

DUI wants to replace Zaev’s economics ministers

Zaev’s promise to purge the most corrupt members of his Government has sparked a  confrontation among his ministers. After insisting that the DUI party will not allow its ministers to be purged without approval from Ali Ahmeti, Deputy Prime Minister Bujar Osmani is now openly pushing for changes...
Economy 16.05.19 | 09:42

VMRO-DPMNE: SDSM refused to raise pensions

SDSM manipulates and plays with pensioners in the Republic of Macedonia. The authorities, with their hypocritical policies, trample on over 310,000 pensioners and cut their right to higher pensions. Whenever SDSM is in power, it hits the pensioners’ pockets. SDSM while in opposition promised higher...
Economy 13.05.19 | 18:41

Government to issue 49 million EUR in new debt

The Macedonian government continues with bond issuing. The Ministry of Finance scheduled a new bond issue worth 49 million EUR for Tuesday. With the new bond issue added, the total debt for the first 5 months of the year will amount to 317.4 million euros. Earlier last month, the government raised 39...
Economy 13.05.19 | 10:09

Hungary ranked among the ten best investment destinations in the world

Hungary ranked among the world’s ten most attractive investment destinations, according to the American investment magazine Site Selection, as it raked in investments from Germany and the United States. Nearly a 100 major investments were reported in 2018, bringing in 4.3 billion EUR into the Hungarian...
Economy 10.05.19 | 20:15

Central Bank doesn’t share Government’s optimistic FDI expectations even under a most favorable EU – NATO scenario

The Zaev Government insists on high foreign direct investment numbers, even though no major new company was reported to enter the country under Zaev and the white whale – Volkswagen – remains elusive. Now the Central Bank came out to dismiss the Government’s expectations of strong growth...
Economy 10.05.19 | 18:41

Albanian opposition party demands bilingual banknotes

The Alliance of Albanians accused the ruling DUI party of failing to push for Albanian national issues after it was revealed that the new denar notes which will be put in circulation early next year will carry the name “Republic of North Macedonia” but will not be bilingual. As part of the...
Economy 09.05.19 | 17:11

Banknotes with country’s new name in 2020

The first banknotes with the country’s new name will be released at the beginning of 2020, said National Bank governor Anita Angelovska-Bezhoska on Thursday. As the Governor informed, banknotes of 500 denars will be released first, and then banknotes of 10 denars. Money has a natural cycle of utilization...
Economy 09.05.19 | 10:16

Gasoline market could be in for a brief period of liberalization

Next Tuesday, a years long agreement with the Greek Hellenic Petroleum company expires and their Macedonian based Okta company will no longer be able to directly influence the gasoline prices. The Energy Regulatory Committee (RKE) is moving to prepare a new regulation, but it is unclear whether it will...
Economy 08.05.19 | 16:51

Zaev’s Government issues 49 million EUR in new debt, brings 2019 total to 317.4 million EUR

The fast paced issuing of new debt continues. The Macedonian Government scheduled a bond issue worth 49 million EUR. If successful, it will bring the new debt issues for 2019 alone to a significant number of 317.4 million EUR. Just on one occasion two weeks ago, it raised 39 million EUR in new debt. International...
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