Category: Economy
Economy 23.03.21 | 22:45

Rafajlovski: Economy is sinking, it’s time for expert government

The policies, the measures themselves are so small, so minor, it is just a straw of the thousands of parts that would mean a complete economy, Goran Rafajlovski said Tuesday on the “Top Tema” show in relation to the government measures to help the economy. According to him, the Macedonian...
Economy 23.03.21 | 17:20

January average net wage stands at MKD 28,272

The average monthly net wage paid per employee in January was MKD 28,272 (EUR 459), up 2.7 percent compared to the same month in 2020, the State Statistical Office said on Tuesday. According to the data of the State Statistical Office, the increase is caused by the increase of the average monthly net...
Macedonia Economy 23.03.21 | 13:57

Resign if you can’t do you job, SSK chamber chief Daniela Arsovska tells members of Parliament as the stimulus package remains blocked

Daniela Arsovska, President of the SSK chamber of commerce, condemned the Parliament for its inability to adopt the proposed fifth round of stimulus for companies hit by the coronavirus crisis. Small and medium sized companies don’t have reserves to maintain their liquidity. The members of Parliament...
Economy 15.03.21 | 11:19

927 new unemployed persons in February alone, total number of unemployed stands at 159,608

The number of unemployed persons at the end of February according to the records of the Employment Agency is 159,608 persons, which is 927 persons more compared to January 2021. In this month, 3,185 newly employed persons and 5,440 persons who acquired the status of unemployed person were registered....
Economy 14.03.21 | 23:23

Seized butter will be destroyed tomorrow

The Food and Veterinary Agency plans to destroy the 4.3 tons of butter that were seized from a company in Skopje. The butter was imported from Germany and had expired in 2019, but was being kept for further use. The Agency intends to have it destroyed in the Drisla dump site near Skopje. The seizure...
Macedonia Economy 11.03.21 | 14:44

Tobacco farmers blocked the Pletvar pass to protest low prices

Tobacco farmers from Prilep blockaded the Pletvar mountain pass today for two hours, protesting the exceptionally low prices they were given for this year’s harvest. They blame the Government for failing to stop cigarettes companies from undervaluing the crops, and insist that good quality tobacco...
Economy 09.03.21 | 17:33

Damaged depositors: Why is Ljupco Nikolovski silent about the high-level crime and corruption in “Eurostandard Bank”?

The damaged depositors are asking why is Ljupco Nikolovski silent about the high-level crime and corruption in “Eurostandard Bank”. Deputy Prime Minister Ljupco Nikolovski announced a fierce and uncompromising fight against crime and corruption in the country, announcing 2021 as an anti-corruption...
Economy 08.03.21 | 19:51

Hospitality industry representatives and wedding organizers to stage protest on Tuesday

Hospitality industry representatives and wedding organizers are staging a protest in front of the government building on Tuesday at 15 h. They demand the adoption of protocols for the operation of wedding venues and the return of all complementary activities. On several occasions, wedding venues, nightclubs,...
Economy 08.03.21 | 18:07

Zaev: We intend to have 10-percent share in Alexandroupoli gas terminal worth around 400 million euros

The Prespa Agreement has resulted in cooperation in the energy sector, with Macedonia becoming a country that leads the region in green energy investments, Prime Minister Zoran Zaev wrote on Facebook. Our intention is to have 10-percent share in the Alexandroupoli gas terminal which is worth about 400...
Macedonia Economy 08.03.21 | 13:29

Gas prices go up by half a denar

Gas prices go up by half a denar today, while the diesel price will remain unchanged. The Energy Regulatory Committee set the Eurosuper BS-95 price at 66 denars (1 EUR = 61 denars) and BS-98 – at 68 denars per liter. Diesel remains unchanged at 56 denars per liter.
Macedonia Economy 08.03.21 | 13:26

Report shows clear ethnic divide in the collection of property taxes

A report prepared by the Center for Civil Communications, through a USAID program, found that citizens of majority ethnic Albanian municipalities in Macedonia pay little to no property taxes. The report found that Aracinovo, a large municipality north of Skopje notorious as the center of several Albanian...
Macedonia Economy 08.03.21 | 09:54

Roaming charges between Balkan countries set to be abolished on July 1st

Roaming charges between Macedonia, Albania, Bosnia, Kosovo, Montenegro and Serbia are set to be abolished this summer. According to the EU negotiated deal, the so-called “Western Balkans” countries abolished much of the roaming charges in 2019, and the process should be completed on July...
Economy 07.03.21 | 12:57

Heritage Foundation: Inefficient judiciary, bloated administration and high-level corruption limit economic freedom

Macedonia’s economy is ranked 46th in the 2021 global economic freedom report prepared by Washington-based The Heritage Foundation. Its overall score has decreased by 0.9 point, primarily because of a decline in trade freedom. Macedonia is ranked 27th among 45 countries in the Europe region, and its...
Macedonia Economy 04.03.21 | 20:54

Chamber of Commerce director Azeski blames the opposition for the Government’s inability to pass laws, Mickoski responds

Branko Azeski, the long standing head of the SKM chamber of commerce, called on the Parliament to adopt the Government proposal for financial aid to businesses hit by the coronavirus. Zaev’s slim ruling majority, which was gathered in full force only once in months – yesterday to vote to...
Macedonia Economy 04.03.21 | 20:40

Macedonian Central Bank says its ban on payment of dividends by commercial banks will be in place until the end of the year

The Macedonian Central Bank (NBRM) assured commercial banks that its ban on payment of dividends will be temporary and will expire at the end of the year, if not sooner. The move, which also applies to insurance companies, shocked the financial sector and sent bank shares down , but is being justified...
Economy 03.03.21 | 21:15

Mucunski: While the government deals with Byzantine games, Macedonia’s debt grows for another 700 million euros

VMRO-DPMNE MP, Timco Mucunski told Sitel TV said that today for five hours in the Parliament, Prime Minister Zaev dealt with Byzantine games instead of the problems of the citizens. Today in the Parliament we witnessed four five-hour Byzantine games at which in the end Prime Minister Zaev proved that...
Economy 03.03.21 | 20:32

Macedonia issues the eighth Eurobond worth 700 million euros

Republic of Macedonia issued Wednesday the eighth Eurobond worth EUR 700 million with a maturity period of seven years and the lowest interest rate on record, 1.625 percent. The Eurobond will be used to refinance the third Eurobond, issued in 2014, worth EUR 500 million. The net-withdrawal by way of...
Macedonia Economy 03.03.21 | 09:33

2020 GDP drop slowed down in the last quarter, estimated at 4.5 percent for the whole year

Macedonian GDP dropped 4.5 percent for 2020, the State Statistics Bureau informed. The drop slowed down to 0.7 percent in the last quarter of the year, after the free-fall in the middle of the year. Worst hit was manufacturing, which declined by 10.6 percent in the last quarter. Opposite that, real-estate...
Macedonia Economy 02.03.21 | 18:51

Ruling majority in Parliament is unable to deliver aid to the badly hit tobacco farmers

The ruling majority’s inability to convene the Parliament, due to its very narrow cushion of votes, is badly affecting the tobacco farmers. This agricultural branch was crushed by exceptionally low prices this season, and the opposition parties have proposed changes to the law on growing tobacco...
Economy 02.03.21 | 13:16

Confirmed: Lidl to open its first store in Macedonia

Following its entry into Slovenia, Croatia and Serbia, German discounter Lidl is set to open its first store in Macedonia, Dublin-based publication European Supermarket Magazine (ESM) has reported. According to ESM, the German company last month registered its subsidiary in the country under the name...
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