Category: Economy
Economy 02.09.19 | 22:08

Teacher salary in Macedonia is 352 euros, in Kosovo – 549 euros

Political analyst and commentator Arsim Zekoli, who is a former diplomat posted on Twitter his findings on the salaries of educational workers in the region: Macedonia – elementary: MKD 21,660 (352 €); – high school: MKD 22,500 (365 €); Kosovo – elementary: 549 €; – high...

Economy 02.09.19 | 21:08

The effects of the devastating economic policies of Zaev’s government come to light!

Productivity drops, competitiveness decreases. The effects of the devastating economic policies of the Zaev government come to light!, says the VMRO-DPMNE’s Economy Committee. Official SSO data show that the number of employees in the Republic of Macedonia increased by 17,600 employees (from 771,806...

Economy 02.09.19 | 16:35

It was misunderstanding: Minimum wage will not be 15,500 denars

Following the public backlash over reports that Economy Minister Kreshnik Bektashi has announced that the minimum wage will rise to MKD 15,500, the Government today assures it was a misunderstanding. The minimum wage increase is projected, but the amount has not yet been determined as consultations...

Economy 02.09.19 | 15:43

Misajlovski warns that incompetence in building new infrastructure projects is dragging the whole economy down

Former Transportation Minister Vlado Misajlovski pointed to the dismal results in building the infrastucture which is already planned in the budget as evidence that the economy is suffering from incompetence on the part of the Government. The Macedonian economy is strongly affected by several major infrastructure...

Economy 02.09.19 | 10:36

New Finance Minister Angeleska is about to obtain an Estonian citizenship?

The newly appointed Finance Minister Nina Angeleska is reportedly about to obtain a second citizenship, from Estonia. The report was shared online by Kiril Efremovski, a former supporter of the left. Angeleska was the surprise pick for Finance Minister, after Zoran Zaev’s plan to assume the position...

Economy 01.09.19 | 17:09

Instead of offensive, we got economic fiasco

VMRO – DPMNE President Hristijan Mickoski held Sunday a press conference where he spoke about the current economic situation in the country. Analyzing the policies of the government which announced great progress, he underlined that “instead of offensive, we got economic fiasco”. For...

Economy 31.08.19 | 22:19

Nina Angelovska voted new finance minister

Parliament at a session Saturday elected Nina Angelovska as the new finance minister with 64 MPs voting in favor and 18 against, and with 62 votes in favor and 21 against elected Hisen Xhemaili as minister without portfolio in charge of improving the investment climate.  

Economy 31.08.19 | 15:16

Zaev brought the farmers to the bottom: They lied to us like little children, September came, but no money

Zaev brought the farmers to the bottom. Rice producers are deceived and manipulated, and telling the truth is banned by the government. This does not mean a strong government, but a frightened and outgoing weak government. The people remember, and the people will have their say in the next parliamentary...

Economy 30.08.19 | 10:54

This lady is Zaev’s Minister, look Macedonia!

VMRO-DPMNE MP Vladimir Gjorcev shared a video on social media featuring the Minister in charge of Foreign Investments Zorica Apostolska in relation to new foreign investment in the country. This lady is Zaev’s minister in charge of investments. Our Macedonia, look what is happening to you. So...

Economy 30.08.19 | 10:10

Austrian ‘Texport’ expands in Ilinden, the minister baffled by the ‘investment boom’

The government’s policy of attracting foreign investment is yielding results in the municipality of Ilinden.  Austrian company ‘Texport’ opened a plant there. It is a plant that will produce firefighting equipment. The investment creates jobs for 220 people, and later will hire 140...

Economy 25.08.19 | 21:35

The most expensive toll in Macedonia starts operation Monday

The Gevgelija toll station will start operating tomorrow, 26.08.2019 at 7 am, AMSM informed Sunday. The toll station near Smokvica will have 10 tolls, five to Gevgelija and neighboring Greece and five to Skopje. Putting into operation of this toll station comes after JP “Public Roads” build...

Economy 23.08.19 | 15:22

In June 86.4% of electricity consumed from domestic production

According to the data of the State Statistical Office, in June 2019, the total consumption by types of energy commodities was: 534 935 ?Wh of electricity, 26.590 mil. nm3 of natural gas, 404 496 tonnes of coal and  85 948 tonnes of petroleum products. Gross national electricity production participated...

Economy 23.08.19 | 12:34

Pensions to increase by 36 denars – the minimum, by 63 denars – the average

With the latest announced increase, the minimum pension will increase by 36 denars and the average by 63 denars, Sitel reported, but it is causing an uproar among some 170,000 pensioners who receive up to 14,500 denars payment and are considered vulnerable. The solution to the problem of low pensions...

Economy 23.08.19 | 10:27

PRO starts auditing companies, individuals involved in Racket case

The Public Revenue Office (PRO) on Friday is launching an investigation into the companies owned by Bojan Jovanovski and the individuals and companies in connection to the Racket case. We will deal with the tax section. We will investigate the International Association, 1TV, BMJ Group and all other taxpayers...

Economy 23.08.19 | 09:37

Angelovska: I will do my utmost in managing citizens’ money

After nearly 10 years of domestic and international experience and significant international recognition of my hard work and contribution, I am honored that my knowledge, potential and enthusiasm for change have been recognized to be engaged in our country’s progress. And the honor is even greater...

Economy 20.08.19 | 21:09

Nina Angelovska new Finance Minister?

The government cabinet will undergo changes, the Finance Ministry will get a new minister. As Alsat unofficially learned, three women are running for the ministerial post, Nina Angelovska, Tatjana Sterjova and governor Anita Bezhovska Angelovska. Since the dismissal of Dragan Tevdovski in June, the Ministry...

Economy 19.08.19 | 10:23

Kosovo and Macedonia on the brink of trade war: Authorities to meet today

A meeting is expected today between the Ministers of Economy and Agriculture, as well as between the directors of the Food Agency and the Customs Administration, regarding Kosovo’s ban of import of honey and potatoes from Macedonia. The move was taken after Macedonia introduced tariffs on imports...

Economy 16.08.19 | 09:23

Macedonia down 15 places in the Financial Times foreign direct investment index

Macedonia dropped 15 places in the Financial Times greenfield foreign direct investment index for 2019. Under the previous, business friendly Government led by Nikola Gruevski, Macedonia ranked 3rd in the FDI index, owing mainly to the low tax rates and pre-prepaired industrial zones. But in the latest...

Economy 15.08.19 | 11:45

Zaev urges the Diaspora to invest in Macedonia

Prime Minister Zoran Zaev and Minister without Portfolio in charge of Diaspora Edmond Ademi met Wednesday with representatives of our diaspora, living in Italy, Switzerland, Germany, Belgium, Luxembourg, Turkey and the United States. As the government’s press service informed, at the meeting Zaev...

Economy 15.08.19 | 09:35

The CIA counted our population before the census

CIA data states that our country currently has a total population of 2.118.946 million, according to Nova Makedonija. The Balkan countries, with the exception of Slovenia, are facing a negative trend of decreasing their population and migration. These are the worrying data published on the Website of...

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