Category: Economy
Macedonia Economy 12.08.19 | 22:28

Macedonia stops pork imports from Serbia to prevent the spread of the African swine fever

Macedonia banned imports of pork meat from Serbia, in an attempt to prevent the spread of African swine fever. The disease, which is lethal to pigs but not to humans, has already caused significant damage in Bulgaria as well. In Serbia, infected pigs were found near Belgrade and other northern cities....

Economy 11.08.19 | 18:41

Veterinary Faculty confirms that there is anthrax in Macedonia, no cases among their staff

The Faculty of Veterinary Medicine from Skopje confirmed the positive result of anthrax and informed that all necessary preventive measures were taken and that the most advanced safety protocols were followed. In accordance with the legislation, the Faculty notified the Food and Veterinary Agency, the...

Economy 08.08.19 | 20:56

Threat or reality: Kosovo announces to impose taxes for Macedonia

Macedonia may face customs barriers from neighboring Kosovo. This neighboring country has threatened to impose customs barriers on imports of Macedonian products if Macedonia does not allow imports of roes from Kosovo. Kosovo Trade Minister Endrit Shala sent a letter to his Macedonian counterpart, Kreshnik...

Economy 07.08.19 | 17:00

Consumer Price Index increased by 0.8%

According to the State Statistical Office data, the Consumer Price Index in July 2019, in comparison with the previous month, was 0.2, while the Retail Price Index was 1.1. An increase in the Consumer Price Index in July 2019, in comparison with the previous month, was registered in fresh or chilled...

Economy 06.08.19 | 17:04

Macedonian authorities take measures to avoid the African swine fewer

Following the spread of the African swine fewer in Romania and now Bulgaria, Macedonian authorities say that no cases of the dangerous disease have been reported in Macedonia. The fewer is not dangerous to humans, but can quickly spread through farms, decimating the pig stocks. Agriculture Minister Trajan...

Economy 04.08.19 | 22:59

Macedonia has the lowest average wage in the region

With 413 EUR, Macedonia has the lowest average wage in the region, Eurostat statistics show. Slovenia leads the Balkans with an average wage of 1.114 EUR, followed by Croatia with 886 EUR. Montenegro has an average wage of 516 EUR, and Bosnia and Serbia are nearly tied at 472 and 470 EUR.

Economy 04.08.19 | 15:15

Mickoski: SDSM will try to paint a fake rosy picture of the economic situation before the elections

Economic results in the first half of 2019 are disastrous, said opposition leader Hristijan Mickoski during his press conference today, pointing to the dramatic shortfall in tax collection and the even greater drop in foreign direct investments. Tax collection is 16 percent below projections in June....

Economy 01.08.19 | 13:07

App redesign causes confusion in the value added tax rebate scheme

Less than a month after it was put in use, the MyDDV phone application meant to allow citizens claim a small tax rebate, is undergoing a redesign. This is prompting confusion among users, many of them elderly, who had trouble installing the application in the first place and figuring out how it’s...

Economy 29.07.19 | 12:27

VMRO says there can be no economic growth if the Government continues to engage in racketeering

VMRO-DPMNE warns that the income tax revenue has dropped by a third in the second quarter of the year, pushed down by higher taxes but also by the rampant extortion and racketeering of business by the SDSM led Government. On top of the wrongheaded economic policies, businesses are suffering from racketeering...

Economy 12.07.19 | 21:09

Telekom and the Interior Ministry conclude contract worth 5.7 million euros

The Ministry of Interior decided to conclude a three-year contract with the company “Makedonski Telekom” ad. Skopje after a tender was issued for procurement of telecommunication services for the needs of the Ministry of Interior. According to the published data, the value of the concluded...

Economy 08.07.19 | 16:54

Cost of living increased compared to June 2018

The cost of living index decreased by 1.1 percent in June compared to May, but rose 0.3 percent year on year, compared to June 2018. Prices rose among fruits (3.9 percent), tourism packages (3.8 percent), air travel (3.1 percent) and a host of other categories. A decrease was recorded in the cost of...

Economy 05.07.19 | 15:53

Anti-Corruption Commission urges Zaev to appoint Finance Minister as soon as possible

At Friday’s briefing of the State Commission for Prevention of Corruption, member of the State Commission for Prevention of Corruption, Vladimir Georgiev, urged Prime Minister Zaev to appoint a Minister of Finance as soon as possible. Until then, he can only monitor the process of work in the Ministry,...

Economy 05.07.19 | 13:42

Surplus food to be donated by law

The Government of the Republic of North Macedonia at today’s session adopted the information on drafting a law on donating surplus food. According to the information, as the government informed in a press service, the ministries of labor and social policy and local self-government and ZELS are...

Economy 05.07.19 | 10:59

There is a pension fund scandal after all: Contributions not paid to 14,000 citizens

The number of citizens who have not been transferred money from the Pension Fund to the second pension pillar MAPAS is growing. From the initially estimated 12,000, the figure has risen to over 14,000 people. In order to compensate them, the state transferred a total of 18 million euros from the budget...

Economy 05.07.19 | 09:50

The government takes away Euromax’s concession for the Ilovica mine

At Thursday’s government session, a decision was taken to take away Euromax’s concession for the Ilovica mine. The information provided by the Ministry of Economy states that the company did not submit all necessary documents required by the Law on Mineral Resources for obtaining a license...

Economy 03.07.19 | 15:57

Zaev: My intention is to make major decisions in the finance sector that will benefit the citizens

Prime Minister Zoran Zaev, who is to temporarily assume the post of minister of finance until the appointment of a new minister, said Wednesday that his intention is to delegate competence and to make major decisions that will benefit the citizens. My intention is to make major decisions that will benefit...

Economy 02.07.19 | 23:27

Pope Francis landed in Macedonia with a defective radar system

Pope Francis landed in Macedonia with a defective radar system at the Skopje airport. The basic radar system at the Skopje airport did not work when Pope Francis landed in Macedonia on the morning of May 7, Telma reported. As well informed sources told Telma, in April and May this year, the basic radar...

Economy 02.07.19 | 16:36

Award-winning international environmental group accuses Angjusev of influencing the distribution of subsidies

The Bankwatch environmental group accuses Vice Premier Koco Angjusev of influencing the legislation to encourage his businesses with hydropower plants in Macedonia. According to the organization, which cooperates with the environmental group Eko-Svest from Macedonia, Angjusev influenced allowing unlimited...

Economy 01.07.19 | 13:06

Macedonia may be left without bread

Macedonia may be left without bread wheat this year. Harvest in Serbia began a few days ago, but local farmers say that there is not enough wheat for export this year. This is very important for us, because most of the import of wheat and flour in the country comes precisely from the Serbian fields, ...

Economy 01.07.19 | 12:42

Ever since SDSM and Zaev are in power, the economy is sinking – many citizens barely make ends meet

Ever since SDSM and Zaev are in power, the economy is sinking. A large number of citizens barely make ends meet, VMRO-DPMNE says. The number of workers in the industry is reduced. Namely, in May 2019, the number of workers in the industry is 2.5% lower than the number of workers in the industry for the...

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