Category: Economy
Economy 29.06.20 | 16:42

Industrial production in May drops 27 percent

Industrial production in May dropped by 27 percent compared to the same month in 2019. It has also registered a drop of 14.4 percent in period January-May compared to the same period last year. Industrial production in section Mining and quarrying decreased by 4.3%, in section Manufacturing it decreased...
Economy 29.06.20 | 12:28

Tax rebate app shows consumers spent twice as much on imported products

The VAT rebate app that was introduced by the Finance Ministry revealed some worrying trends. It shows that Macedonian consumers have spent nearly twice as much on imported products than on domestic products. According to the app, which allows citizens to claim a small rebate on the value added tax paid...
Economy 28.06.20 | 22:20

Mickoski: Higher salaries by 25 percent and pensions by 20 percent

VMRO-DPMNE President Hristijan Mickoski told Sunday the people of Demir Hisar that the party had made a program that pledged for at least 25 percent higher average salary during a four-year term. We pledge for at least 20 percent higher pensions for retirees in one term and a return to the old legal...
Economy 27.06.20 | 16:50

Mickoski in Kocani: Our program envisages 640 million euros for farmers

From what I have discussed so far with the people of Kocani, I can say that the three-year pandemic led by this leadership of SDSM and Zoran Zaev has not gone unnoticed in a negative sense here. People are living poorly in a bad economic, social and even health situation, VMRO-DPMNE leader said during...
Economy 25.06.20 | 11:38

EBRD launches online learning resource for small businesses

The EBRD is launching a free-to-use online learning and advice programme to support micro, small and medium-sized enterprises (MSMEs) confronted with the economic impact of the coronavirus pandemic. The EBRD “Know How to…in a Crisis” programme, hosted on the Bank’s platform, The Know How Academy,...
Economy 24.06.20 | 20:26

Government plans to take the German Wiebe company to court over the Kumanovo – Beljakovce railroad dispute

Transportation Minister Goran Sugareski announced a court case against the German Wiebe company, which is building the Kumanovo – Beljakovce section of the planned railway to Bulgaria. Sugareski accused the German company of violating the contract and abandoning the project. He said that the Macedonian...
Economy 24.06.20 | 15:53

Airports reopen July 1, passengers to arrive at least 3 hours before their flight

Passengers will need to arrive at the airport at least 3 hours before their flight, wear a protective mask at all times, maintain a physical distance and have a high degree of personal hygiene. According to the Decision of the Government of the Republic of Macedonia from 23th June 2020, for reopening...
Economy 23.06.20 | 18:05

Zaev wants to move 20 percent of the public administration workers into the private sector

SDSM party leader Zoran Zaev said that, if elected, SDSM will go ahead with its plan to off-load 20 percent of the public administration on the private sector. Removing the overly bureaucratic system in the country, with all the measures of checks and balances in the judiciary and pushing 20 percent...
Economy 23.06.20 | 15:39

Mickoski: I commit to GDP growth of 4 to 5 percent each year, unemployment below 10 percent

VMRO-DPMNE and the entire intellectual and expert team are behind a major project. The project is called “Renewal”. Renewal with over 1000 projects for everyone. The main focus of the “Renewal of Macedonia” project is the economy, entrepreneurship and business support, and the...
Economy 22.06.20 | 14:05

April average net wage stands at MKD 25,830

The average monthly net wage paid per employee in April increased by 4.2 percent and now stands at MKD 25,830 (EUR 419), said the State Statistical Office on Monday. This rise is caused by the increase of the average monthly net wage paid per employee in sectors Education (12%), Other service activities...
Economy 22.06.20 | 12:34

Janusev: VMRO-DPMNE to increase the average salary by 25 percent

The quality of life of the citizens is a priority in the program of VMRO-DPMNE. Salary increase is one of the main pillars on which Macedonia’s economy rests upon. Every responsible government must pay serious attention, make a plan and strategy to make every promise come true. VMRO-DPMNE can do...
Economy 22.06.20 | 09:26

Hoteliers ready for hotels to reopen in accordance with COVID-19 protocol

Guests wearing masks, receptionists and waiters wearing visors. Rooms without decorative cushions, ribbons and covers. Empty floors and hallways, no toys, no magazines, no printed informative materials. Walkway limit signs on the floors. This is the picture painted in national hotels that will reopen...
Economy 21.06.20 | 10:09

Ohrid hotels set to reopen, but the outlook is bleak

Hotels along lake Ohrid, Macedonia’s main tourism draw, are preparing to reopen on Monday, after four months of coronavirus lockdown. It’s unclear how much interest will there be from the public that is seriously concerned about the Second Wave of the coronavirus. On the other hand, Macedonians...
Economy 20.06.20 | 09:58

Janusev promises four billion EUR in investments

During meetings with voters in the eastern suburbs of Skopje, VMRO-DPMNE Secretary General Igor Janusev promised that the party will bring major investments worth four billion EUR. Our promise is four billion in domestic and foreign investments, Janusev said, while visiting the area of Ilinden where...
Economy 19.06.20 | 22:46

Government decides to extend the working hours of restaurants and cafes

The Government decided at Friday’s session to extend the working hours of restaurants and cafes, says Minister of Economy Kreshnik Bekteshi. Restaurants and cafes will be open until midnight on weekdays and 1 am on weekends, Minister Bekteshi says in a Facebook post. Since their reopening by the end...
Economy 19.06.20 | 19:37

Sugareski: The entire country is a big construction site, reconstruction of 400km of roads underway

Minister of Transport and Communications Goran Sugareski said Friday all capital investments would be realized as planned. We are actively working on everything that was promised in the Government programme – over 400km of roads, about 20 water supply and sewerage projects, construction of a gas pipeline...
Economy 19.06.20 | 18:44

Deposits, crediting on the rise, says National Bank

Both deposits and crediting are on the rise. Total deposits are up by 7.8% on an annual basis, largely due to the increase in household deposits, while corporate loans registered a monthly growth of 3.3%, the National Bank said in a press release Friday. According to central bank data, total deposits...
Economy 19.06.20 | 17:54

Foreign investments lining up in Serbia, Macedonia not on the map

The Municipality of Kula has signed a memorandum of understanding with the US-based company Attis Industries. The investor operates in the production of alternative fuels, and it wants to build a production facility in Kula. The president of the municipality of Kula, Damjan Miljanic, says that the company’s...
Economy 19.06.20 | 09:52

Lazarov: Number of lost jobs is probably twice the officially reported 15.000

The economy is in free-fall, with a drop of industrial production of 40 percent and a reduction in exports of 60 percent, said professor Darko Lazarov, who is a member of the VMRO-DPMNE Economy Committee. This is caused by the Covid-19 pandemic, but also the badly mismanaged response by the Government....
Economy 18.06.20 | 19:51

Business chamber demands the border to open for the free-spending diaspora

The Economic Chamber of North West Macedonia, an association of largely ethnic Albanian owned businesses, called on the Government to immediately open the border for the diaspora visitors who usually flock to Macedonia during the summer season. Free spending Macedonian emigrants to Germany, Switzerland,...
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