Monday, 20 March 2023
Mickoski: The spike in new debt confirms we are in for very difficult times in the economy
The huge increase in debt of a billion EUR in just three months confirms one of the dark scenarios in the economy which we were warning the public about, VMRO-DPMNE President Hristijan Mickoski said today, as the shocking data from the Finance Ministry was revealed. Public debt is not at almost 60 percent...
Mickoski: Every household was pushed 1.500 EUR deeper into debt with misplaced stimulus programs
Opposition leader Hristijan Mickoski warned that every household in Macedonia will be 1.500 EUR deeper into debt by the end of the year as result of the coronavirus epidemic and the mishandling of the economic response. Most of the stimulus funds went to large companies, while small and mid sized ones...
Public debt can go as high as 70 percent of GDP, Mickoski warns
VMRO-DPMNE President Hristijan Mickoski warned that Macedonia will see a major rise in its debt under any of the various economic forecasts that are being put forward. The economic drop is now expected to be around 4 percent and could go as high as 7 percent, while the pace of lending for the year is...
Mickoski: With debt set to reach 65% of GDP, Macedonia has no room for error in its economic policies
VMRO-DPMNE President Hristijan Mickoski called on the SDSM led Government to enter in immediate talks with the opposition to prepare economic measures to help the economy after the expected downturn caused by the coronavirus epidemic. Mickoski said that the measures taken so far were late, insufficient,...
The only investment left is Zaev’s family growing wealth
Zoran Zaev’s policies destroyed the Macedonian economy and are leading the country into bankruptcy, VMRO-DPMNE said, recalling that Zoran Zaev yesterday added 131.6 million euros to its debt. It is a debt of a whopping € 70 for each individual, including newborns. Not only is public debt high,...
Government about to add 131.6 million EUR to the debt
The Government plans to add 131.6 million EUR to its debt tomorrow, with the latest pre-election bond auction. Under the SDSM led Government, the public debt broke through the psychological barrier of 50 percent of GDP. The leftist party strongly condemned adding to the debt while it was in the opposition,...
New debt issue worth 50 million EUR planned for next week
A new bond auction planned for next week will increase Macedonia’s debt by 50 million EUR. It’s the latest pre-election bond issue as the opposition warns that public spending is geared toward buying votes for the ruling SDSM party. The public debt surpassed the psychological barrier of 50...
Macedonia will add 270 million EUR in debt in the first half of 2020
The Finance Ministry published its plans for adding new debt in 2020, and it projects issues worth 270 million EUR in the first six months of the year. Macedonia’s public debt broke through the 5 billion EUR barrier under the SDSM Government and now stands at 5.7 billion. More than a billion of...
VMRO-DPMNE: Zaev indepts the state to commit electoral corruption
Zoran Zaev and Nina Angelovska indebt the state without a basis. The Ministry of Finance borrowed 82 million euros or 15 million more instead of the originally envisioned 67 million euros, VMRO-DPMNE said. The party emphasizes that it is unclear on what and how they will spend the extra 15m euros, just...
VMRO warns that under the new Finance Minister, the debt is about to grow by 100 million EUR in just one week
Shortly after assuing her position, new Finance Minister Nina Angelovska will preside over new debt issues worth 100 million EUR, VMRO-DPMNE warned. Following the latest bond issue of 62 million EUR, we have a new one, worth at least 40 million EUR, in the pipeline. Again it is Zaev who gives the orders...
Katica smells of 800 euro perfume
Furniture, luxury clothing, and even 1TV equipment – these are just some of the things that Bojan Jovanovski-Boki 13 has debts worth thousands of euros, “A1on” reports, citing sources close to the TV station. What was probably paid for was his wardrobe, which reportedly cost about 100,000...
Mickoski warns about the danger of a Greek-style financial collapse
VMRO-DPMNE President Hristijan Mickoski warns that Macedonia faces a Greek style bankrupt if the Zaev Government continues to pile on new debt. We are moving toward a Greek scenario. This includes two directions – reducing the infrastructure investments to a bare minimum, which we see is already...
Macedonia’s public debt inches closer to 50 percent of GDP
The public debt of the Republic of Macedonia grew to 48.5 percent of its gross domestic product in 2018, or a total amount of 5.2 billion EUR. This represents an increase from 46.7 percent of GDP, where the debt was in 2017. The central Government debt amounted to 4.344 billion EUR, or 40.5 percent of...
Government to issue 49 million EUR in new debt
The Macedonian government continues with bond issuing. The Ministry of Finance scheduled a new bond issue worth 49 million EUR for Tuesday. With the new bond issue added, the total debt for the first 5 months of the year will amount to 317.4 million euros. Earlier last month, the government raised 39...
Zaev’s Government issues 49 million EUR in new debt, brings 2019 total to 317.4 million EUR
The fast paced issuing of new debt continues. The Macedonian Government scheduled a bond issue worth 49 million EUR. If successful, it will bring the new debt issues for 2019 alone to a significant number of 317.4 million EUR. Just on one occasion two weeks ago, it raised 39 million EUR in new debt. International...
We achieved serious results, Tevdovski says after public debt goes down from 48.8 to 48.7 percent of GDP
Finance Minister Dragan Tevdovski today announced that under his administration Macedonia has significantly reduced its public debt – from 48.8 percent of GDP down to 48.7 percent of GDP. We achieved serious results. If the public debt levels grew from 23 to 48.8 percent of GDP from 2008 to 2016,...
US national debt hits 22 trillion dollars, new record
The national debt of the United States hit a new record on Tuesday, according to data from the Treasury, reaching a whopping 22 trillion dollars. US President Donald Trump’s tax cuts, which passed through a Republican-led Congress in December 2017, notably increased the debt. However, the debt has...
Government adds 30 million EUR to the national debt
While foreign direct investments have become a thing of the past, the Government keeps adding to the national debt. Additional 30 million EUR were added to the debt with the bond auction held on Tuesday, even though a cool half a billion was the amount of the Euro denominated bond issued only at the...
Macedonia enters 2019 with growing debt, opposition asks where is the money going to?
With the latest emission of state debt scheduled for Tuesday, worth 21.1 million EUR, Macedonia is on track to continue its stretch of adding significant levels of new debt into 2019. In 2019, projections are that the public debt will grow by 600 million EUR. It has already surpassed 5 billion EUR, and...
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Prices of rice and eggs to freeze on Tuesday
New fuel prices
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State Market Inspectorate to control prices of pasta and dairy products
Andonov: 90 percent of total electricity needs in February provided for by domestic production
Egg prices in EU increase by 30% over one year
Bytyqi: Minimum wage to stand at MKD 20,175
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