Category: Economy
Economy 11.08.23 | 21:46

German founder kicked out of the company that was supposed to assemble electric cars in Tetovo

German professor Gunther Schuh, who set up the Next e.GO electric car company, told A1on that he is no longer associated with the company. According to Schuh, he was removed from the company by the new investor. The news outlet turned to the professor to ask about the plans of the company to open a factory...
Economy 11.08.23 | 14:04

The banks with record profits, the credit interest is rising

The continuous growth of the commercial banks’ credit interests didn’t decrease the companies’ and households’ debt. On the contrary, it increased it. The latest Central Bank data reveals that the interest on MKD credits is 5.9%, while the foreign currency credits’ interest...
Economy 10.08.23 | 20:47

Bonds whose seizure was announced by Customs director Bogoev are actually worthless

The announcement from the Customs Office director Stefan Bogoev, that his institution seized bonds worth 92 million EUR confused the public. The documents were taken from a Turkish passenger, Bogoev informed, announcing it as a major seizure of contraband. Today, VMRO-DPMNE issued a statement citing...
Economy 07.08.23 | 20:53

Former Minister Hajredini dismisses Government claims of rising living standards

Former Finance Minister Xhevdet Hajredini dismissed claims from Prime Minister Dimitar Kovacevski that his Government improved living standards by whopping 30.2 percent. Kovacevski came to this number by comparing the increase in the average salary and the inflation rate in the country. Except for the...
Economy 07.08.23 | 15:10

Financial expert Hajredini denies SDSM statement: people’s purchasing power has decreased, not increased

The people are 30% poorer, not richer, the financial expert Xhevdet Hajredini commented on the Government’s bragging that they raised the purchasing power of the citizens by 30.2%. “To the contrary, the people – you, elected officials, excluded – now may purchase exactly one-third...
Economy 05.08.23 | 15:57

Tripunovski: MKD 82 million for another SDS/DUI criminal project

Over MKD 82 million (€1.3 million) of the people’s money was spent on fixing the problem with the water supply in the agricultural regions of Rosoman and Gradsko, but Kovachevski’s Government somehow managed to make it worse, Tsvetan Tripunovski from VMRO-DPMNE said on Saturday. “The...
Economy 03.08.23 | 15:52

Retirees in Prilep protest, say they are being punished for having low pensions

Retirees from Prilep came out in protest today against the planned model of pension increases. The pensions will go up by average 6.8 percent, but proportionately. Retirees in Prilep on average have lower pensions and will see lower increases then those who already have higher pensions. Is the ministry...
Economy 03.08.23 | 14:03

The Ministry of Agriculture: We will use 100% of the IPARD 2 program, with more contracts than Serbia, Albania, and Monte Negro together

A total of €8.8 million will be invested in the financial support of agriculture with the last call of IPARD 2 program, to be announced on Friday. “Our goal is to use the maximum of this program, to the last euro. Until now we have concluded 2,369 contracts, which is more than Serbia, Albania,...
Economy 31.07.23 | 19:18

The gasoline goes up by one denar, the diesel by two

The prices of gasoline fuels are set to rise by MKD 1 as of Monday midnight, and the price of diesel is upped by MKD 2, said the Energy Regulatory Commission (ERC). The new price of EUROSUPER BS-95 will stand at MKD 85.5 per liter, EUROSUPER BS-98 will be sold at MKD 87.5 per liter, EURODIESEL –...
Economy 31.07.23 | 19:14

PM Kovachevski: With the one-stop-shop border crossings to efficient and competitive economy

The one-stop-shop system at Kjafasan-Qafë Thanë border crossing with Albania was launched on Monday, ensuring a faster flow of people and commodities. Prime Minister Dimitar Kovachevski, Albanian PM Edi Rama, First Deputy PM Artan Grubi, Albanian Deputy PM Belina Balluku, ministers, MPs attended the...
Economy 30.07.23 | 19:45

Family of four needs nearly two average salaries to make ends meet

Estimates from the SSM union show that the average cost of living expenses of a family of four have reached 50,000 denars. This means that a family needs almost two average salaries to make ends meet. Meanwhile, about 100,000 citizens in Macedonia are receiving a minimum wage, which is being completely...
Economy 29.07.23 | 13:07

S&P confirms Macedonia’s credit rating at BB-

Standard & Poor’s confirmed Macedonia’s credit rating at BB-, with a stable outlook. The rating agency sees Macedonia’s economic growth stabilizing in the mid term and expects that private consumption and infrastructure investments will add to the growth. The prospect of EU integration...
Economy 28.07.23 | 18:08

Government to continue to subsidize heating in Skopje

Budget funds amounting to EUR 250 million were allocated for anti-crisis measures, and one of them is subsidizing heating bills in Skopje. We will look over the calculations made by the companies that participate in production and distribution, and the estimates for the changing gas prices and other...
Economy 27.07.23 | 22:32

National Bank: Citizens’ bank account funds secure and available at any moment

The citizens’ bank account funds are secure and available at any moment, said the National Bank of Macedonia on Thursday afternoon, following reports that the services provided through Visa and MasterCard cards are not operational. “In line with the information from the press release of the Macedonian...
Economy 27.07.23 | 22:28

ERC: Fuel prices go up by two denars

As of midnight, the price of fuels will go up by MKD2 per liter, said the Energy Regulatory Commission (ERC) on Thursday. The new price of EUROSUPER BS-95 will be MKD 84.5 per liter, EUROSUPER BS-98 will be sold at MKD 86.5, EURODIESEL – MKD 74.5, and extra light household oil – MKD 73.5 per liter. The...
Economy 27.07.23 | 22:18

Customs Administration: The last protocol for implementation of joint border crossing with Albania signed

The directors of the Customs Administrations of the Republic of Macedonia and the Republic of Albani, Stevan Bogoev and Genti Gazheli, signed on Thursday at the border crossing Kjafasan – Kjaftane the last protocol for the implementation of the Agreement to Establish Joint Border Crossing between...
Economy 27.07.23 | 22:07

Ministry of Finance: Seventeen irregularities linked to EU funds identified since 2015, specific procedures implemented

The Anti-Fraud Coordination Unit (AFCOS) does not have data from the European Anti-Fraud Office (OLAF) due to the fact that the latter is not obliged to inform AFCOS on ongoing or completed investigations, or their outcomes, in line with the IPA Framework Agreement and OLAF regulations, the Ministry...
Economy 26.07.23 | 23:14

The Government rescinded its decision on Ilovitsa concessions, may face up to one billion euros in damages demands

The decision to merge the concessions wasn’t rejected yesterday, but instead, a decision was made which invalidates the previous decision on the merging of concessions, the Minister of Economy Kreshnik Bekteshi explained at Wednesday’s press conference. “In fact, we didn’t take away any...
Economy 26.07.23 | 22:59

Slupchane inhabitants block the works on electricity network again, setting absurd demands for special treatment

The inhabitants of the village of Slupchane in the Lipkovo region didn’t allow the EVN (a private electricity distribution company) teams to work on the network again, setting absurd demands, the company informed. The resistance, which began almost a month ago, but was temporarily resolved by the...
Economy 26.07.23 | 18:02

Around 200 companies to be covered by the new Solidarity Tax

About 200 companies will be covered by the Solidarity Tax, with the total amount to be collected between €75 and €77, the Public Revenue Service, Sanja Lukovska, said on Wednesday, as the discussion on the draft law began in the Parliament by the summary procedure. The profile of the affected companies...
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