Category: Economy
Economy 12:38

Zaev promised Ahmeti that the next governor of the Central Bank will be an Albanian?

Prime Minister Zoran Zaev and his coalition partner Ali Ahmeti agreed that in exchange for DUI’s support of a joint candidate from the ranks of SDSM or close to it, the largest Albanian party will take over the position of the governor of the Central Bank, government sources told Zhurnal.mk. Sources...
Economy 12:24

Kanal 5+ shuts down – AVMU takes away its broadcasting license

Due to unpaid annual fee for the TV broadcasting license within the legally determined deadline, 30 days from the receipt of the invoice, the Agency for Audio and Audiovisual Media Services (AVMU) has taken away the broadcasting license of satellite television, Kanal 5+, it has been published in the...
Economy 20:41

Levica files complaint with SAI and SIC and urban planning for urgent inspection of construction activities on Struga coast

The political party Levica filed Thursday a complaint with the State Agricultural Inspectorate and the State Inspectorate for Construction and Urban Planning for an urgent inspection of the construction activities taking place on the Struga coast, where a huge reed location was previously set on fire. The...
Economy 18:21

Deputy PM Angjushev expects 2019 rise in FDIs

Deputy PM for Economic Affairs Kocho Angjushev said Thursday that foreign direct investments (FDIs) in 2018 amounted to about EUR 625 million, expecting them to rise in 2019 as a result of the Government’s commitment and the NATO accession. In 2018, in the Republic of Northern Macedonia we had...
Economy 17:49

Zaev: Record number of foreign investments, only two Greek are worth 750 million euros

Last year we achieved a record number of foreign investments since the country’s independence, this year only two Greek investments amount to 750 million euros, Prime Minister Zoran Zaev said, answering parliamentary questions in the Parliament on Wednesday. He said that apart from the 17 realized...
Economy 23:26

Zaturoska to Zaev: Are you building a new clinic or a space ship?

During the question time in the Parliament, Liljana Zaturoska from VMRO-DPMNE asked Zoran Zaev about the enormous price tag he slapped on the new clinical center. The expansion of the Mother Teresa clinic was supposed to cost 120 million EUR, but the project Zaev put forward, with a new location, is...
Economy 17:47

No trace of government’s promises of investments and construction boom

The realization of capital expenditures for January 2019 amounted to a disappointing 1.09%. The official report on the performance of the budget of the Republic of Macedonia for the year 2019 in January was released and the data are catastrophic. After joining NATO, the government promised investments...
Economy 16:48

Zaev confirmed that the census will include an ethnicity question

Prime Minister Zoran Zaev confirmed Monday that the census to be conducted next year will include a question on ethnic affiliation, although it was previously announced that this will not be the case, that citizens will be able to declare only which language is their native language. We agreed that...
Economy 22:48

Macedonian customs doesn’t allow a shipment to be picked up because it is wasn’t addressed to North Macedonia?!

A shipment sent from Germany to the Republic of Macedonia could not be picked up from customs because “North” was missing in the name of the state. Actress Kamka Tocinovski informed on Facebook about the problem that happened at the Macedonian customs. A package from Germany with the address...
Economy 16:50

Salaries in the state are growing, but only for the relatives of government officials

Salaries in the country are growing, but only those of the relatives of the government officials, while the salaries of all others decrease, opposition VMRO-DPMNE reacted following the information about the increase in the average net salary. The cost of living from month to month is getting higher,...
Economy 16:26

Average net wage amounts MKD 25,784 in December 2018

According to the data of the State Statistical Office, the average monthly net wage paid per employee in December 2018 was MKD 25,784 and records an increase by 8.1% compared to December 2017. This increase is caused by the increase of the average monthly net wage paid per employee in the sectors: Information...
Macedonia Economy 23:14

Nepotism watch: Two more relatives of Government officials hired in state owned energy companies

Shortly after it was revealed that Economy Minister Kreshnik Bektesi had his sister hired at the state owned MEPSO energy transportation company, today it turns out he had another relative landed in the state owned ELEM energy producing company. Politicians from the Albanian parties in Zoran Zaev’s...
Economy 16:48

Gasoline prices up, diesel remains unchanged

The price of gasoline will increase by MKD 0.5-1 per litre as of Monday midnight, while that of diesel remains unchanged, the Energy Regulatory Commission (ERC) has decided. Thus, the new price of EUROSUPER BS-95 is MKD 62.50 per litre and that of EUROSUPER BS-98 is now MKD 64.50. The price of EURODIESEL...
Economy 18:27

Nikoloski: Investments are fleeing, instead of opening factories, they raise a NATO flag

Asked why VMRO-DPMNE did attend the NATO flag-raising ceremony in front of the government building, party vice president Aleksandar Nikoloski told Lider that they are raising a flag because they are not able to open factories. He explained that first, the country is not yet a NATO member, but it will...
Economy 13:11

Zegin donates 20,000 euros to families of bus victims and offers medication assistance

The Zegin company, after Wednesday’s tragic bus accident that happened on the Skopje highway, will provide one-time assistance in the amount of 20,000 euros for the families of the victims. In these difficult moments of the injured as well as their families and the families of the victims, Zegin...
Economy 09:46

Zaev: All employments will be checked

Prime Minister Zoran Zaev said all employments will be checked after public criticism that state-owned firms employ people close to government officials. “We will make a concrete analysis and the matter will be checked. We will see how the procedures were done. In the past year, we have 40,000...
Economy 17:19

Macedonia is sixth in the world according to the unemployment rate

According to Gold Broker, Macedonia currently shares sixth place with Angola in the world according to the unemployment rate of 20 percent. Congo with 46 percent tops the list, second is Bosnia and Herzegovina with 35 percent, and third Kosovo with 30 percent. Macedonia is just ahead of South Africa...
Economy 09:43

World Bank suggests that Macedonia extends the retirement age in order to save its pension system

World Bank calls on Macedonia to increase the retirement age, warning that without reforms the pension system will continue to be unsustainable. According to a WB report, the system is also not fair enough, and a strong policy reform push would stabilize the PIOM fund and make it more fair. The Bank...
Economy 23:17

Unpaid electricity bills write-off is a touchy issue between Macedonians and Albanians

A frequent pre-election promise by ethnic Albanian parties in Macedonia, often discreetly made, goes like this: “vote for us and you’ll never have to pay electricity again”. Electricity bills evasion is a significant problem in parts of Macedonia, often those which are majority Albanian,...
Economy 15:03

Tax authority begins tapping directly into data on all foreign receipts

The Public Revenue Service (UJP) began tracking flows of revenue from abroad received by Macedonian citizens. The Finance Ministry recently ordered banks to provide data to UJP which would allow the tax authority to look into every international transaction and automatically receive information on the...
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