Tag: loan
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...