Tag: economy
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 07.06.21 | 16:17

Economy dropped by 1.9 percent in the first quarter of 2021

The Macedonian GDP dropped by 1.9 percent in the first quarter of 2021. This was supposed to be a year of economic recovery, but the Third Wave of the epidemic in March and April, coupled with the near total lack of vaccines until May, dashed expectations. The only significant sectors that saw some growth...
Macedonia Economy 17.05.21 | 15:11

Mickoski: The Zaev years are a period of major economic downturn for Macedonia

VMRO-DPMNE President Hristijan Mickoski blamed Zoran Zaev for the economic backsliding and the exploding debt in Macedonia. Mickoski especially pointed to the steep increase in debt compared to GDP growth in the relatively short time Zaev has been in power. If we compare the years of the past VMRO-DPMNE...
Macedonia Economy 03.03.21 | 09:33

2020 GDP drop slowed down in the last quarter, estimated at 4.5 percent for the whole year

Macedonian GDP dropped 4.5 percent for 2020, the State Statistics Bureau informed. The drop slowed down to 0.7 percent in the last quarter of the year, after the free-fall in the middle of the year. Worst hit was manufacturing, which declined by 10.6 percent in the last quarter. Opposite that, real-estate...
Macedonia Economy 18.02.21 | 17:20

Mickoski: Macedonia’s economic stimulus package is among the smallest in the region

Macedonia has offered the least financial aid to its struggling companies in the region, said VMRO-DPMNE President Hristijan Mickoski during after his meeting with the leadership of the chamber of commerce representing companies in the north-west of the country. Macedonia is among the three countries...
Macedonia Economy 02.01.21 | 13:46

Both credits and deposits grew in 2020

Credits issued in 2020 rose by 5.4 percent by November, compared to the same period last year. The whole credit mass in Macedonia now stands at 5.7 billion EUR, said Maja Stevkova – Sterieva from the Macedonian Banking Association. Household deposits also grew by 8.3 percent to nearly 7 billion,...
Economy 09.11.20 | 22:30

Macedonia’s economy will contract by 5.4 percent in 2020

Macedonia is projected to have an economic decline of 5.4 percent in 2020. According to a report prepared by the IMF and the World Bank, Macedonia will be in the middle of the pack in the Balkans. Serbia is projected to be best in Europe, with a decline of just 1.5 percent, and Bulgaria will decline...
Economy 05.11.20 | 17:35

EU Commission: Macedonia’s economy to decline 4.9% in 2020

We forecast a GDP contraction of 3.9 percent in Macedonia when the pandemic took off in spring, but now we are correcting this number to -4.9 percent. The economy cannot recover by the end of the year and the key problem is a global one – the prolonged COVID-19 pandemic, said Freek Janmaat, Head...
Macedonia Economy 29.09.20 | 21:45

Mickoski says that the actual aid distributed to the economy is far less than the billion EUR Zaev claimed

The claim that the Government poured a billion euros to help the citizens and the economy in the coronavirus caused slump is fake, said VMRO-DPMNE President Hristijan Mickoski during a Telma TV interview. Mickoski said that far less was actually distributed through the economy, and mostly used to bribe...
Economy 30.08.20 | 10:43

Real estate report: Drop in sales, rise in number of apartments under mortgages

Real-estate statistics published today show a drop in sales and leases, caused by the coronavirus epidemic and the associated economic downturn. The number of sales of real-estate units in the second quarter of the year dropped by about a sixth, while in the rental sector, the decrease was far greater...
Economy 11.08.20 | 18:42

Mickoski: Immediately after the elections the government brought the economy to collapse

The leader of VMRO-DPMNE, Hristijan Mickoski, referred Tuesday to the bad economic situation in the country and the bad policies implemented by the government. What is really worrying is that the Government immediately after the elections brought the economy to collapse. And this is a consequence of...
Economy 24.07.20 | 10:46

VMRO-DPMNE: Zaev and SDSM are systematically destroying the economy in Macedonia

Zoran Zaev and SDSM are systematically destroying the economy in Macedonia. Zaev and SDSM are just lying. They promised a salary of 500 euros, and they promised an annual GDP growth of 5-7%. Not only is there nothing, but the numbers show that the average salary is far from the promised 500 euros, and...
World 20.07.20 | 12:18

What will Hungary’s post-coronavirus economy look like?

Hungary’s domestic reopening officially happened on June 15th, and since then there has been a sort of return to normalcy. Bars are open, beachgoers are flocking to Lake Balaton, and many other tourist areas around the country are seeing a slow but steady uptick of visitors. Meanwhile, new Covid-19...
Macedonia 17.07.20 | 11:59

Economy grew by just 0.2 percent in the first quarter

A European Commission report found that the Macedonian economy grew by an insignificant 0.2 percent in the first quarter of 2020, which includes the opening stage of the coronavirus epidemic. This is the worst growth rate in the region, except for Albania, which contracted by 2.5 percent. Other Balkan...
Economy 08.07.20 | 10:48

It is time for a stable low tax economy

It is time for a stable low tax economy, says Hristijan Mickoski, leader of VMRO DPMNE. It is time for a reduced flat tax to the level of 8%, support for the economy with investments of 4 billion euros, annual growth of 4%, cancellation of numerous bureaucratic procedures and duties and zero tolerance...
Economy 06.07.20 | 23:26

Mickoski: At least 4 percent GDP rate and three major investments in the first 100 days

Presenting the economic program of VMRO-DPMNE, party leader Hristijan Mickoski pledged that it will drive the economy to grow by at least 4 percent, and said that he will announce three major investments in his first day in office, of companies who will reach their final decision in the first 100 days...
Economy 09.06.20 | 15:30

Mickoski demands that stimulus measures are extended beyond May after the dramatic Q1 economic results

VMRO-DPMNE President Hristijan Mickoski accused the SDSM led Government for the dire economic consequences of the coronavirus epidemic, as Macedonia is the only Balkan country that failed to put the virus under control. Mickoski called that the stimulus measures are extended and repeated his call that...
Economy 06.06.20 | 15:32

Mickoski warns about the extent of the coming economic crisis

VMRO-DPMNE President Hristijan Mickoski warned about the extent of the economic downturn caused by the coronavirus crisis. Industrial production is down 33,5 percent in April and the number of workers in the industry is down 5,1 percent. Tax receipts in May are 40 percent below projections and 25 percent...
Economy 28.05.20 | 20:14

Mickoski confronts the public with Zaev’s false economic promises

VMRO-DPMNE President Hristijan Mickoski published a social media video in which he points to the failed economic promises from SDSM party leader Zoran Zaev. Zaev was presenting a pronounced rosy picture of the economy in the run up to the elections originally planned for mid April, only to declare a...
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