Tag: loan
Economy 22.12.24 | 00:37

Second tranche of the Hungarian loan will be used to refinance maturing debt

A contract for the second tranche of the Hungarian loan worth 500 million EUR has been signed and the funds will be made available, said Finance Minister Gordana Dimitrieska – Kocoska. This portion of the 1 billion EUR loan will be used to cover a bond issue in 2018, that matures in January. This...
Economy 11.12.24 | 00:14

Mickoski: Additional 500 millions in loans from Hungary will be used to pay off outstanding debts

During a televised debate on the economy, Prime Minister Hristijan Mickoski informed that the Government approved asking for an additional loan from Hungary, worth 500 million EUR, that will be used to reprogram outstanding debts from the previous Government taken under less favorable terms. Hungary...
Economy 28.11.24 | 00:40

Mickoski: Nearly all banks will participate in the distribution of the Hungarian loan

Nearly all banks in Macedonia agreed to help distribute the 250 million EUR from the Hungarian loan, said Prime Minister Hristijan Mickoski. The interest rate will be 1.95 percent, which is the lowest in the region and in Europe. Add to that three years in grace period and the maximum 15 years repayment...
Economy 25.11.24 | 22:41

Mickoski: the Hungarian loan will help us prevent spill-over from the automotive crisis in Europe

Prime Minister Hristijan Mickoski said today that he expects the final details of the agreement with the commercial banks for distribution of 250 million EUR to businesses from the Hungarian loan to be made in the coming days. We will support companies who make capital investments, invest in renewable...
Economy 16.11.24 | 00:20

Mickoski expects a deal with the commercial banks, welcomes Azeri gas agreement

Prime Minister Hristijan Mickoski said that he expects the distribution of the 250 million EUR lent from Hungary to go ahead in good order. Mickoski is due to meet representatives of the commercial banks on Sunday, after their demands to charge significant interest on the loans they would extend to businesses,...
Economy 13.11.24 | 22:08

Chamber of Commerce President Azeski is optimistic about the Hungarian loan

Macedonian Chamber of Commerce head Branko Azeski said that he is optimistic ahead of the meeting this Sunday between the Government and the key commercial banks in the country. The issue to be discussed is how best to distribute the 250 million EUR borrowed from Hungary that are meant for the Macedonian...
Economy 10.10.24 | 18:03

Businesses will begin to receive funds from the Hungarian loan after New Year

Funds provided to Macedonia by Hungary through a bilateral loan will be made available to businesses after New Year. A total of 250 million EUR from the half a billion EUR loan are earmarked for support for businesses, and they will be distributed through the publicly run Development Bank of Macedonia. I...
Economy 08.10.24 | 21:00

Finance Minister signs loan agreement with Hungary

Today in Budapest, Finance Minister Gordana Dimitrieska – Kocoska signed the loan agreement with the Hungarian ex-im bank for 500 million EUR. The funds will be made available for local infrastructure development in Macedonia and to support private businesses. These funds are badly needed to our...
Economy 27.09.24 | 13:41

Orban: We are lending you European, not Chinese funds

Hungarian Prime Minister Viktor Orban dismissed media speculation that the loan Hungary is extending to Macedonia is coming from China. We can not give you a Chinese loan. We have an agreement with China that all of their funds in Hungary are used for specific projects. We can and we are giving you European...
Economy 23.09.24 | 08:41

Mickoski: Funds from the Hungarian loan will be made available to the businesses in a month

Prime Minister Hristijan Mickoski said that the initial economic indicators for the year are encouraging, and that a true boost is being felt in the second half of the year, when the funds made available through a state-to-state loan from Hungary will be put into effect. Macedonia is lending an initial...
Economy 15.09.22 | 20:31

VMRO-DPMNE: Where is the IMF loan of 900 million euros with 1% interest?

In April 2022, at the spring meetings of the International Monetary Fund (IMF) and the World Bank (WB), the Minister of Finance Fatmir Besimi pompously announced that Macedonia receives a recommendation for access to the IMF’s prudential and liquidity credit line, no less than 900 million euros...
Macedonia 14.08.22 | 11:23

VMRO-DPMNE: Government paid 6.5 million euro fine for unused loan – this shows their incompetence and irresponsibility

A few weeks ago, Kovacevski spoke about the construction of the railway to Bulgaria, and he failed to say that due to the incompetence of his government, Macedonia will pay a 6.5 million euro fine for unused funds because of failure to use the loan for the construction of the Beljakovci – Kriva...
Economy 27.09.20 | 11:28

Between 20 and 30 percent of bank debtors have asked for a second grace period

Banks are reporting that between 20 and 30 percent of the citizens who sought to postpone the payment of their loans, have asked to use the second grace period that is offered. As the coronavirus epidemic began to hit Macedonia in March, banks offered their individual and corporate clients a six months...
Economy 28.04.20 | 22:19

EUR 50 million World Bank loan for private sector salaries

The Government adopted Tuesday the report on reallocating funds from the World Bank Local Roads Connectivity Project in the amount of EUR 50 million towards co-funding the Government measure for financial support of employers hit by the coronavirus crisis in paying salaries to workers in April and May. The...
Economy 11.04.20 | 13:55

IMF approves 176 million EUR loan for Macedonia

The International Monetary Fund approved the a 176 million EUR loan for Macedonia in light of the coronavirus epidemic and its blow to the economy. IMF sees a 4 percent GDP drop in 2020, caused by the forced shut down of entire segments of the economy and the greatly reduced demand. “North”...
Economy 03.04.20 | 23:00

IMF loans 175.2 million EUR to Macedonia

The International Monetary Fund agreed to provide 175.2 millon EUR in loans to Macedonia, to help keep up the balance of payments during the coronavirus epidemic. The Macedonian Government said it will instruct the Finance Ministry to work with the Central Bank to implement the IMF loan.
Economy 04.02.20 | 18:11

The Skopje Continental mortgaged for a million EUR loan

Managers of the Skopje Continental decided to mortgage the hotel in exchage for a 960.000 EUR loan from the Komercijalna Bank. The hotel is mortgaged in full, along with its all assets and the proposal will be put before the shareholders in early March. The International Hotels company, which owns the...
Macedonia 31.10.19 | 23:01

Dramatic footage of a Karbinci family being evicted over a 10.000 EUR loan

Police was sent today to remove the Banjoglav family from their home in the village of Karbinci, near Stip, after it defaulted on a debt of 10.000 EUR. Riste Banjoglav, who once ran to be the Mayor of Karbinci as the SDSM party candidate, took the money three years ago in order to start a goat farm. After...

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