Tag: angelovska
Economy 08.05.22 | 16:13

Central Bank Governor Angelovska expects the inflation to speed up and the economy to get worse

Macedonian Central Bank Governor Anita Angelovska – Bezoska told Croatian television that she expects inflation to speed up and the regional economies to slow down, as result of the war in Ukraine. Angelovska attended the regional meeting of central bank governors in Rovinj. Countries in the...
Macedonia 27.01.21 | 12:33

No coal: Two of the three units in REK Bitola are offline, and the third is barely operational

Member of Parliament from Bitola Silvana Angelevska (VMRO) warned that the REK Bitola energy plant continues to work at the bare minimum of its capacity, due to the lack of coal. The problem was first raised last week when it was reported that of the three units, one is completely off and another works...
Macedonia Economy 14.01.21 | 12:27

Former Finance Minister Angelovska withdrew her own deposit from the Eurostandard Bank before its collapse but left the deposits of the Finance Ministry

Depositors in the now bankrupt Eurostandard Bank allege that former Finance Minister Nina Angelovska, who famously withdrew her own deposit worth 250,000 EUR, left 40,000 EUR in deposits from the Finance Ministry. Since these funds surpass the 30,000 EUR which are protected under a loan insurance guarantee,...
Macedonia Economy 04.11.20 | 10:10

Zaev gives his former Finance Minister Angelovska a plush post in the Macedonian Telekom

Former Finance Minister Nina Angelovska was named by the Government on the board of the Macedonian Telekom. Angelovska, owner of an online discount company, had a brief, year long term in office, which was riddled with corruption allegations. Companies linked to Angelovska received funding from the coronavirus...
Macedonia 02.09.20 | 17:23

Anti-Corruption Commission investigating former Finance Minister Nina Angelovska

The State Anti-Corruption Commission (DKSK) said that it will investigate the payment of coronavirus linked stimulus aid to a company owned by former Finance Minister Nina Angelovska. Angelovska owns the Webspot e-trading company which received 11,000 EUR over three months, after claiming that its business...
Macedonia 01.09.20 | 16:18

VMRO calls on Zaev and Angelovska to pay back the corona stimulus funds given to their companies

VMRO-DPMNE spokesman Naum Stoilkovski called on Prime Minister Zoran Zaev and the recently removed Finance Minister Nina Angelovska to return the money their companies collected from the coronavirus stimulus package which their Government put in place. Stoilkovski pointed out that Zaev’s Elenica...
Macedonia 30.08.20 | 13:41

Finance Minister Nina Angelovska approved 10,000 EUR in coronavirus aid to one of her own companies

Outgoing Finance Minister Nina Angelovska, under fire after withdrawing her 250,000 EUR deposit in the Eurostandard Bank before it collapsed, has approved aid payments to an e-commerce company she owns. VMRO-DPMNE revealed today that the WebSpot company set up by Angelovska received subsidies on three...
Macedonia 24.08.20 | 14:27

Commission finds no criminal, only ethical violations in Finance Minister Angelovska’s actions regarding Eurostandard Bank

The State Anti-Corruption Commission (DKSK) will not recommend criminal charges against Finance Minister Nina Angelovska, who withdrew a large, 250,000 EUR worth deposit from the Eurostandard Bank before it collapsed. DKSK chief Biljana Ivanovska acknowledged that the Finance Minister had insider knowledge...
Economy 19.08.20 | 10:42

Sitel TV: Finance Minister Nina Angelovska knew Eurostandard Bank is in trouble before she withdrew her deposits

Sitel TV reports that Finance Minister Nina Angelovska left just 8,000 EUR in her deposit account in the now bankrupt Eurostandard Bank. Angelovska had a deposit of over 250,000 EUR but withdrew it at a time when, given her position, she knew that the bank is going down, Sitel reports. The deposits were...
Macedonia 17.08.20 | 13:11

Finance Minister Nina Angelovska investigated for conflict of interest over her Eurostandard Bank deposit

The State Anti-Corruption Commission began an investigation into Finance Minister Nina Angelovska. Angelovska is heavily criticized after she withdrew her deposit of 250.000 EUR from the Eurostandard Bank before it collapsed, prompting allegations that she used the insider knowledge she received due...
Economy 16.08.20 | 12:12

Finance Minister Angelovska defends herself against allegations of insider trading

Finance Minister Nina Angelovska issued a press release to try and clarify the scandalous move in which he withdrew a large deposit from the Eurostandard Bank before it collapsed, which was apparently driven by the insider information she was receiving due to her position. Angelovska kept 250,000 EUR...
Macedonia 14.08.20 | 13:51

Finance Minister Angelovska accused of using inside information to withdraw her large deposit in the now failed Eurostandard Bank

Finance Minister Nina Angelovska withdrew her sizable deposit in the Eurostandard Bank in the first half of the year, as the bank was declining. Angelovska held a total of 250.000 EUR in the bank, way above the 30.000 EUR limit that is protected by the savings fund, and would have likely lost most of...
Economy 17.06.20 | 14:23

With public sector cuts off the table, Finance Minister Angelovska asks the citizens for donations

The Constitutional Court shielded top public sector office holders from the order that they give up most of their salaries for several months as a way of reducing the budget deficit caused by the coronavrus. The Government issued a decree that 2.000 best paid “public servants” are reduced...
Economy 04.05.20 | 17:53

Finance Minister Angelovska wants to cut public sector salaries to bolster the private sector

Finance Minister Nina Angelovska again raised the prospect of cutting salaries in the public sector. Angelovska sad that there are 9.000 newly unemployed people in the private sector, their jobs lost due to the coronavirus epidemic, and asked that the public sector shares part of the burden of the crisis. There...
Economy 24.04.20 | 17:06

Finance Minister Angelovska sees a 3,7 percent GDP contraction in 2020

Finance Minister Nina Angelovska sees a drop in GDP of 3,7 percent for 2020. She said that her estimate is slightly more conservative compared to the IMF estimate of a 4 percent drop. The main blow will be in the second quarter, and some contraction will continue into the third quarter, while we can...
Economy 17.04.20 | 11:33

Governor Angelovska sees a quick recovery in 2021, assures the public that the denar is stable

Central Bank Governor Anita Angelovska – Bezoska said that the 176 million EUR loan approved by the IMF will help Macedonia come up with fundign from other sources as well. She forecasts a GDP drop in 2020, but a quick recovery and a growth rate of 5,7 percent in 2021. The pandemic shock will affect...
Economy 12.04.20 | 19:21

Finance Minister Angelovska defends her gas tax hike

Finance Minister Nina Angelovska defended the option of a gas tax hike to try and fill in the budget hole that is rapidly growing. With record low gas prices providing a rare piece of economic good news, the Ministry decided to hike the tax by between 2 and 3 denars per liter. Angelovska insisted that...
Economy 11.04.20 | 10:57

Angelovska’s proposal to increase the gas tax causes outrage

A proposal from Finance Minister Nina Angelovska to increase the fuel tax by two denars per liter caused outrage in the public. Low fuel prices are one thing the public has going for it in a time of a pandemic, massive job losses and an expected economic downturn. We have prepared a proposal to this...
Economy 03.04.20 | 20:58

Leasing companies will reduce monthly rates by at least 80 percent over three months

Finance Ministe Nina Angelovska announced this afternoon that leasing companies and other financial institutions will reduce their rates by at least 70 percent in the next three months. The move comes after most commercial banks offered to postpone collecting the monthly debt rates for up to six months. Angelovska...
Economy 01.04.20 | 14:36

Finance Minister Angelovska sees a budget shortfall of between 700 million and 1.3 billion EUR

Finance Minister Nina Angelovska outlined three scenarios for the coming economic crisis. Even under the most favorable scenario the budget would see a projected revenue shortfall of 20 percent, or a deficit of 700 million EUR, Angelovska said. This is caused by the quarantine and curfew ordered because...
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