Tag: stimulus
Macedonia Economy 13.01.21 | 12:08

SSM union warns that the stimulus package is missing its mark, should provide direct payments to workers

The SSM union, Macedonia’s largest such association, warned that the latest, fifth round of stimulus is doomed to fail just like the previous four rounds of support given to help fight the effects of the coronavirus crisis. According to SSM, the measures need to be aimed toward the workers ad their...

Macedonia Economy 02.01.21 | 21:12

Tax authority warns companies that received stimulus funds but haven’t paid their workers yet

The UJP tax authority called out the companies that have collected stimulus funds but have not paid out the salary to their employees for November, warning them they have a week to do so. UJP director Sanja Lukarevska said that the number of these companies has dropped in the past few days, but that...

Macedonia Economy 21.12.20 | 17:33

Publication of incomplete list of stimulus recipients only adds to the uncertainty

After days of delay, the Government finally published the list of recipients of the 100 EUR in financial aid that is meant as part of the coronavirus stimulus package. But instead of resolving anxiety in the public, it only added to it, as it leaves out some important categories. Single parents and artists...

World 20.12.20 | 11:39

V4: Orban announces further economic protection measures

In a video posted on social media on Saturday, Hungarian Prime Minister Viktor Orban announced the supplementation of the economic protection plan to mitigate the effects of the epidemic, the V4 news agency reported. The second wave of the epidemic is producing record high numbers throughout Europe....

Economy 28.09.20 | 22:29

Dimitrieska: The 5.5 percent economic contraction proves that the stimulus measures are not effective

The economic decline projected to reach 5.5 percent over the year is proof enough that the economic measures are not effective, said VMRO-DPMNE official Gordana Dimitrieska Kocoska, during a TV24 interview. Dimitrieska discussed the fourth set of economic measures proposed by the Government. Again it...

Macedonia Economy 27.09.20 | 17:04

Mickoski: Another poorly designed program that won’t help us turn the economy around

VMRO-DPMNE President Hristijan Mickoski described the latest, fourth economic stimulus package that was presented today as naked populism which is likely to fail just as the prior thre programs. The main focus of the package, presented by Prime Minister Zoran Zaev, is on boosting consumption through...

Macedonia Economy 27.09.20 | 16:47

Government presents over 30 corona stimulus measures

Prime Minister Zoran Zaev today annouced three dozen economic measures meant to boost consumption, with the goal of reducing the impact of the coronaviruys epidemic. One of the steps measures would be to provide students and poor citizens with a voucher worth about 100 EUR. Similar vouchers that can...

Economy 27.09.20 | 13:52

Zaev presents a new corona stimulus package

Prime Minister Zoran Zaev holds a press conference to announce a new set of measures to help the economy handle the devastating blow of the coronavirus epidemic. The proposals will include grants and subsidies to companies that are hit hard by the epidemic, in the hospitality industry, in retail and...

Macedonia 01.09.20 | 16:18

VMRO calls on Zaev and Angelovska to pay back the corona stimulus funds given to their companies

VMRO-DPMNE spokesman Naum Stoilkovski called on Prime Minister Zoran Zaev and the recently removed Finance Minister Nina Angelovska to return the money their companies collected from the coronavirus stimulus package which their Government put in place. Stoilkovski pointed out that Zaev’s Elenica...

Economy 10.08.20 | 11:30

Textile companies call for a new Government that will approve an urgent rescue package

The Association of employers called for an urgent creation of a new Government that will then immediately approve a new stimulus package to fight the economic pressure of the coronavirus crisis. Association head Angel Dimitrov said that the crucial textile industry is especially badly hit, even as it...

World 12.06.20 | 20:00

V4 countries want fair recovery package

The Visegrad Four are interested in a strong, prosperous Europe with a well-functioning internal market, Czech Prime Minister Andrej Babis said after a meeting of V4 premiers on Thursday, the V4 news agency reported. Hungarian PM Viktor Orban emphasized that Hungary’s attitude to the recovery fund...

Macedonia 22.05.20 | 15:09

Mickoski: If the elections take place in June, the stimulus package won’t be implemented

VMRO-DPMNE President Hristijan Mickoski said that it is not possible to hold elections before July 30, given that economic measures put in place by the Government need time to be implemented. Election rules strictly prohibit additional welfare spending in the run up to the elections, and much of the...

Economy 08.05.20 | 22:38

Only half of the companies that applied for stimulus got any funding

Deputy Finance Minister Gordana Dimitrieska – Kocoska warned that half of the companies who applied for the coronavirus stimulus package still haven’t received any funding. The measures that were put in place will cover some of the salaries of workers in companies who had a serious drop in...

Economy 01.05.20 | 17:28

Under pressure from both the unions and the employers, the Government tweaks its stimulus rules again

Under dual pressure, from the unions and the employers, the Government again tweaked the terms and conditions of its stimulus package. Under the latest plan, companies will be able to claim stimulus money provided they don’t reduce their workforce in April and at least two more months after the...

Macedonia 20.04.20 | 11:05

VMRO blames SDSM of mishandling the economic aspect of the crisis

VMRO-DPMNE warned that the economic stimulus measures proposed by the SDSM led Government are so small and bureaucratic that many companies are opting to shoulder the burden of the economic crisis alone, rather than jump through the hoops to get some assistance. Countries in the region have set aside...

Balkans 15.04.20 | 20:30

Macedonia’s coronavirus stimulus package second smallest in Europe

While Europe’s top economies like Germany and the United Kingdom, and Visegrad countries like Hungary and the Czech Republic, created serious stimulus packages that are a sizable portion of their GDP, Macedonia is intervening with one of the lowest packages in the continent. The SDSM led Government...

Economy 14.04.20 | 13:49

Farmers, hair stylists and artisans will be included in the stimulus program

Finance Minister Nina Angelovska said that hair stylists, artisans, beauticians and farmers who work individually will be allowed to claim 14.500 denars in gross monthly salary as compensation for the coronavirus caused economic crisis. Individual businessmen and artisans were left out of the initial...

World 07.04.20 | 19:26

Hungary begins its second coronavirus stimulus program

Hungarian Prime Minister Viktor Orban announced that the second portion of the major stimulus package he has prepared will go into effect. “We will not lose what we have been building for so long”, Orban said, referring to the significant economic growth and rising living standards over the...

World 03.04.20 | 20:09

V4: Hungary prepares a major stimulus package, aims to create more jobs than the epidemic destroys

Hungary is introducing a coronavirus fund that will help redice the economic damage the country will suffer from the epidemic. Prime Minister Viktor Orban said that he is preparing the greatest stimulus program Hungary has ever seen and it will be geared toward saving and creating jobs. We must create...

Economy 01.04.20 | 11:19

VMRO-DPMNE: The proposed stimulus package is nowhere near enough

The opposition VMRO-DPMNE party said that the economic measures finally announced by the SDSM led Government yesterday are badly insufficient as a response to the coronavirus epidemic and will lead to a long and difficult economic crisis. The package of measures are a huge disappointment. It’s...