Tag: economy
Economy 09.01.19 | 17:22

World Bank pours cold water on Zaev’s economic growth hopes

The latest World Bank report on “Global Economic Perspectives” finds that Macedonia will fall far short of the rosy growth expectations pushed forward by Prime Minister Zoran Zaev, who said that we’ll grow by 5 percent, “God willing”. But, according to the WB report, Macedonia...
Economy 04.01.19 | 00:16

Rosy press conference on the economy from Zaev in front of skeptical journalists

Prime Minister Zoran Zaev made a long list of promises on Thursday, after largely failing to gain traction on the economic promises of his election campaign. Regarding his promise of increasing the average salary to 500 EUR, Zaev said that it will happen, but by the end of his term in office. Meanwhile...
Economy 02.01.19 | 12:33

Zaev says the economy will pick up – once we reach 2005

After a disappointing economic year and the gaffe promising that the economy will pick up in the “third half” of 2018, Prime Minister Zoran Zaev made another promise that things are about to brighten up – in 2005. I expect the growth rate to reach 4 percent in 2019. Our ultimate goal...
Economy 20.12.18 | 13:22

Minimum wage covers barely a third of the cost of living

The SSM association of unions of Macedonia published its latest estimate on the minimum monthly consumer costs for a family in November and puts them at 32.545 denars (a little over 500 EUR), which is above the average net wage of 24.355 denars. According to SSM, the minimum wage of 12.165 denars (200...
Economy 11.12.18 | 12:08

Mickoski and top VMRO-DPMNE officials meet with the Macedonian Chambers of Commerce

VMRO-DPMNE leader Hristijan Mickoski and top party officials Vlado Misajlovski and Trajko Slaveski met with the Macedonian Chambers of Commerce, one of the two main business associations in the country, to discuss the economic program which VMRO-DPMNE is promoting. – This meeting is the start of...
Economy 03.12.18 | 19:31

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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