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Tags Borrowing

Tag: borrowing

MPs from VMRO-DPMNE held banners while Tevdovski spoke about the budget

At the first plenary session on the re-balancing of the budget, the Minister of Finance, Dragan Tevdovski, explained the purpose of the re-balance to all the MPs in Parliament. While Tevdovski's exposé took place, MPs from VMRO-DPMNE raised signs and banners, the main message was that they were making “cuts to Macedonia" and listed the amounts that are planned to...

Government delays the issuance of the euro bond

Macedonia has postponed its seven-year euro bond after an opposition party member questioned the legality of the issuance through a letter, reports “Reuters”. In the letter, it is asserted that the Republic may not have the proper legal authority to issue the notes, and if they are issued, laws will be broken here in Macedonia. The opposition, the SDSM in a...

The Eurobond has been put on offer on the world stock exchange with an interest rate of 5%

Macedonia has started marketing its Eurobond to the world stock exchange with an interest rate of 5%, reports "Reuters". The Eurobond has a seven-year benchmark, and the major banks who will be the lead managers are, “Citigroup”, “Deutsche Bank”,” Erste Group” and “Societe Generale”. Macedonia’s current rating is BB- (which means stable) by “Standard & Poor’s” and BB+ by Fitch. A...

The Ministry of Finance condemns the destruction of public property

The Ministry of Finance reacted to yesterday’s protest by the “Colourful Revolution” after demonstrators threw balloons with paint at the building’s facade. “The Ministry of Finance respects the citizens right to protest peacefully, however, the ministry condemns the act of vandalism inflicted by individuals who have damaged public property, which was built with the money of the citizens of Macedonia”,...

SKSM: The Eurobond is to keep the social peace, and not to help develop the economy

The Economic Chamber of North-West Macedonia (SKSM) expressed concern about the state's intention to issue a Eurobond in the amount of 650 million euros and believes that the money is to buy social peace, and not to bring fresh capital to the economy. According to SKSM, the Eurobond will be used to cover current obligations, or for salaries and pensions...

Tomorrow “Colourful Revolution” will protest against the governments new borrowing

The "Colourful Revolution" on Monday, at 19:00, will protest against the Eurobond, which will start outside the Special Public Prosecutor's Office. "Protest! There is no justice when the public debt keeps doubling. Every citizen in Macedonia already owes 2.200 euros, and the regime wants to put everyone in more debt, another 330 euros. This is another desperate attempt by this...

Citizens initiate petition, “No to the Eurobond”

The website "javen.dolg.mk" (meaning public.debt) posted a link for civilians to sign a petition, "No to the Eurobond," calling on all responsible citizens of the Republic of Macedonia to sign the petition that does not recognize the Eurobond of 650 million euros. "I citizen / citizen of the Republic of Macedonia, I state that I do not recognize the Eurobond...

Naumov: By issuing the Eurobond, public debt will exceed 5 billion euros

The decision to issue a Eurobond in the amount of 650 million euros is a financial crime against the citizens, the economy and it will effect future generations to come, condemned Kire Naumov from the SDSM today at a press conference. He said that after the announcement of the issuance of the Eurobond in the amount of 650 million euros,...

The state will borrow a new 59.2 million euros

Today, the state plans to borrow 59.2 million euros from domestic lenders through auctions of 6-month and 12-month bills, and a 10-year bond. Tomorrow, 59.3 million euros have to be returned based on outstanding debts. The public debt is now over 4 billion euros.

Today the “Colourful Revolution” will protest against the country’s borrowing

Today the "Colourful Revolution 'continues in 13 cities across the country. The protest in Skopje starts at 18:00 in front of the Special Prosecutor's Office, and today protesters will be bringing attention to the economic situation of the state and its borrowing. "I protest because Macedonia is a poor and dilapidated land, even though it can be an economic success story!...

The State borrows another 19 million euros from domestic lenders

The Ministry of Finance borrowed 19 million in domestic lenders. Based on outstanding debts, the government has to return 9 million euros today. Recently, the Deputy Minister of Finance, Kire Naumov, warned that borrowing with such a fast tempo, the projected deficit for whole of 2016 will be realised in May. He informed that the Minister of Finance Zoran Stavreski, has...

Zaev: Banks should consider today whether to give money to VMRO-DPMNE for their personal interests

From November the 11th, the current composition of staff at the State Election Commission (SEC), have been working despite the fact that their mandate has expired, made a scandalous decision for their own political interest on the account of the citizens ,said the leader of the opposition SDSM, Zoran Zaev accusingly at a press conference. He said the SDSM will...

Uzunov: We are borrowing to pay back debt

The Government, at the beginning of this month, borrowed another 7.3 Euros from its own economy. Largest buyers of annual Macedonian Denar Bonds were,  in general, private companies, who purchased 63% of the total raised, a sum of 5.5million euros. National debt, at the start of the month stood at 2.2  million euros, and in July a figure of...

Money for panoramic wheel could save 516 Tamaras

Panoramic wheel that will be placed on the bridge of the river Vardar will cost 956 million denars, or nearly 15.55 million euros. This amount of 15.5 million euros is half the money that the Government borrowed two days in worth of 33 million euros and it could save 516 Tamaras and pay reparations to 95.6 floods as floods...