Category: Economy
Macedonia Economy 15.07.21 | 10:47

Mickoski promises to increase energy production by 60 percent and keep the two main coal plants open until 2040

VMRO-DPMNE leader Hristijan Mickoski discussed ways to clean up air pollution in Skopje and lower the spiking energy bills during his meeting with supporters in Gazi Baba yesterday. Mickoski said that the future VMRO led Government will ensure free access to the developing natural gas network for half...

Macedonia Economy 14.07.21 | 12:55

SDSM linked textile magnate fires 180 workers in one day

Textile magnate Angel Dimitrov, who owns the Moda plant in Sveti Nikole, fired 180 workers today. The workers were summoned one by one and informed that they are surplus, given the low volume of work the factory has secured. The factory has additional 260 workers on furlough, and their fate is also uncertain. Our...

Economy 13.07.21 | 20:44

Instead of on the market, farm products end up at the garbage dump

Agriculture is on its knees, and farmers are humiliated. Instead of on the market, farm products end up at the garbage dump. Farmers from several regions and from almost all branches staged Monday a warning protest in Prilep. First they marched along the boulevard “Goce Delcev”, and then...

Economy 13.07.21 | 16:28

Besimi expects better economic performances in 2022

Finance Minister Fatmir Besimi said Tuesday no economy across the globe would return to the development path as in the pre-crisis period, expecting this to happen in mid-2022. Answering a reporter’s question after Tuesday’s press conference in the Government, Besimi said that in mid- 2022,...

Macedonia Economy 13.07.21 | 11:42

Gas prices went up by 20 percent under Zaev, and the fuel tax will be the final blow to consumers

Fuel prices have gone up 10 denars per liter over the past four years under Zoran Zaev, VMRO-DPMNE said in a press statement. This increase, which added over 20 percent to the price of gas, is before even accounting for the planned new tax that will add 4 denars to liter. These extra funds go to the...

Macedonia Economy 12.07.21 | 10:01

Foreign tourists cancel their tours in Ohrid

Macedonia’s main tourist resort – Ohrid – is facing series of cancellations from foreign tourists. Companies from Belgium, Turkey, and particularly from the Netherlands – which is one of the main sources of foreign revenue for the city – are pulling out. Ohrid currently receives...

Macedonia Economy 12.07.21 | 09:55

Four companies submitted offers for 5G licences

Four companies submitted offers to the AEK agency for electronic communications, as it opened a bid for awardign 5G licences.  These include the two majors – A1 and Macedonian Telekom, as well as Neotel and Bitstream Mobile. AEK expects the companies who receive the licences to cover at least...

Macedonia Economy 10.07.21 | 21:00

If nothing changes, in ten years salaries in Macedonia will be half the regional average

If Macedonia’s economic growth continues to lag behind other countries in the region with the current rate, in ten years we will have half the regional salaries and retirement incomes, warned economist Goce Dimkovski from VMRO-DPMNE. He pointed that the Zaev Government failed to deliver the promised...

Macedonia Economy 10.07.21 | 10:02

Vienna Institute ranks Macedonia among three worst economic performers in Central and Eastern Europe

VMRO-DPMNE shared some key finds from the recently released report by the Vienna institute for economic studies, which painted a dire picture of the situation in Macedonia. The Institute notes that Macedonia is one of the three countries in Central and Eastern Europe who show now signs of improvement...

Macedonia Economy 10.07.21 | 09:15

Textile worker from Stip was advised to get divorced so her husband would be eligible for health insurance and get a badly needed surgery

A textile worker from Stip, whose unemployed husband needs an urgent surgery, was advised to get a divorce so that he will be eligible for public insurance. The bizarre but not unheard of proposal is made because the worker, Silvana Dimitrova, is being furloughed, like many other textile workers in the...

Macedonia Economy 09.07.21 | 19:17

Zaev and Ambassador Pyatt attend the signing of an agreement for a gas connector between Macedonia and Greece

Zoran Zaev and US Ambassador to Greece Geoffrey Pyatt attended today’s signing of an agreement between the economic ministries of Macedonia and Greece for the construction of a gas connector. Zaev insisted that this link will provide gas from the TAP – TANAP pipeline links, as Macedonia currently...

Economy 09.07.21 | 15:32

Macedonia and Greece sign gas interconnector agreement

Economy Minister Kreshnik Bekteshi and Greek Minister of Environment and Energy Kostas Skrekas signed Friday the agreement on the natural gas interconnection, highlighting its importance for both countries and the region, MIA reports from Athens. Minister Bekteshi said the interconnector would contribute...

Economy 07.07.21 | 13:36

Export up 44.3% in the first five months of the year

The total value of exported goods from Macedonia in January-May 2021 amounted to EUR 2,825,215,000, a 44.3% increase compared to the same period last year. The total value of imported goods in January-May 2021 stood at EUR 3,834,407,000, 39.5% more than in 2020, State Statistical Office data shows. The...

Economy 07.07.21 | 10:48

Stojmenov: A state without its own land is not a state

Speaking about the privatization of state-owned land, former Minister of Finance Boris Stojmenov told TV21 that a state without its own land – is not a state. A state without its own land, without its own territory, without its own property, is not a state and in that aspect, from a political and...

Macedonia Economy 06.07.21 | 17:07

SSM union protests the proposed Bechtel law because it undermines worker protections

The SSM union calls on the Zaev Government to amend its proposal for a law that would have the American Bechtel company build infrastructure along the east-west Corridor 8, especially the Gostivar – Kicevo highway. The law is controversial because of the pre-determined contractor, which corruption...

Macedonia Economy 05.07.21 | 22:50

“The rise in the average salary is due to the record loss of lower paying jobs”

The Zaev Government is bragging with the increase in the average salary, but it only happened because low paid workers were fired in large numbers because of the economic downturn, said VMRO-DPMNE official Gordana Dimitrieska – Kocoska. In a TV debate, she discussed the report frequently promoted...

Macedonia Economy 05.07.21 | 19:00

Workers fired from the Bargala shoe factory turn to the union to protect their rights

Workers from the large Bargala shoe factory in Stip have asked the SSM union to represent them in court as the company appears to be on the verge of bankruptcy. Bargala fired 100 of its employees two weeks ago, while still owing them two salaries. The company employed up to a thousand workers until a...

Macedonia Economy 05.07.21 | 16:53

Labour Ministry won’t allow more businesses to be exempt from the “blue law”

Labour Minister Jagoda Sahpaska dismissed demands that more businesses are exempt from the new law that bans work on Sundays. A total of 42 branched of industry were made exempt, but some businesses, such as construction, pharmaceuticals, the dairy industry, the alcohol and soft drinks producers and...

Economy 04.07.21 | 09:56

VMRO-DPMNE: The people will pay “green” taxes, while the government will spend money on luxuries

The opposition VMRO-DPMNE accuses the government that the introduction of green taxes and duties will impoverish the people, and the announced new “green tax” will hit the standard of the citizens and the economy. The fact that the supplementary budget envisages as much as 124 million euros...

Economy 01.07.21 | 20:38

Mickoski: I was right when I said that electricity will be more expensive, VAT for the industry should be reduced as well

VMRO-DPMNE leader, Hristijan Mickoski, spoke in Thursday’s interview with TV Sitel about the current political situation in the country, the increase in electricity prices and the new taxes, as well as VMRO-DPMNE’s plans for the upcoming period and the local elections. Mickoski emphasized...

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