Tags Economy
Tag: economy
It is not true that Ukraine has lower inflation rate than N. Macedonia
Ukraine does not have a lower rate of inflation than North Macedonia, as the post claims. In August 2023, Ukraine and North Macedonia had similar inflation rates (8.3% in North Macedonia and 8.6% – in Ukraine). Nevertheless, the rate was lower in Macedonia. Since the beginning of the war up to date, not once has Ukraine had a lower...
When Did Russia Return among the Top Ten Economies in the World – If at All?
In the first part of June, some of the Macedonian language media reported that Russia returned on the list of the Top 10 economies for the first time after 2014. Rarely did the news reported on the portals specify their sources. However, after fact-checking the data, Truthmeter derived the conclusion that the Macedonian public – by taking over the...
DEBATE Growing Chinese influence in North Macedonia, while the citizens are dreaming of China as an economic giant
The direct investments in the economy, infrastructure, telecommunications, media, the academic cooperation with universities and the operations of the “Confucius” institutes are strategic instruments of the Chinese influence, not only in North Macedonia, but in other countries as well. Macedonian media do not report enough on the Chinese “soft power” in the country, while the citizens create an abstract,...
North Macedonia’s Finance Minister: Projected growth this year 4.1 %, but only if the COVID-19 crisis subdues
This year, the budgetary policy and the policies directed towards economic recovery and rapid growth will be redesigned - SmartER Growth Policies and returning to the pre-crisis trajectory, with a growth in the second half of 2022. The main goal is to accelerate the economic growth by 2.6% as it was by average annually in the previous 10 years,...
World Bank: North Macedonia is coping with the deepest recession since 2001
North Macedonia is coping with the deepest recession since 2001, according to the World Bank’s latest Regular Economic Report about the country's economic prospects. It forecasts a decline of the GDP by 4.1 %.
"The COVID-19 pandemic is hitting North Macedonia hard, with lockdowns, disrupted supply chains, and a prolonged, adverse epidemiological situation darkening an already dim economic outlook in...
The National Bank expects less negative effects on the economy caused by COVID-19 during the third quarter
During the regular session of the Committee for operative monetary policy at the National Bank, it was decided that the interest rate of the treasury bill will remain at the level of 1,5%.
"The decrease of the discount interest rate to the current level, including the previous significant decrease of the offered amount of treasury bills, has contributed to an...
The Chambers of Commerce Union asks new pool of measures from North Macedonia’s new Government
During today's official meeting with the Prime Minister of North Macedonia and his financial team, the Union of Chambers of Commerce of North Macedonia (UCC) pinpointed the priorities that should be realized during the first month of new government's mandate for crisis mitigation and economic recovery.
During the meeting with Prime Minister Zaev, the UCC President, Danela Arsovska stressed that...
National Bank reports favorable shifts in the economy
The committee for operational monetary policy at the National Bank, yesterday decided that the interest rate on central bank bills will remain at the same level of 2.25% due to a favorable shift in the economy.
"In regard to the latest macroeconomic indicators, after a relatively solid growth of the economy in 2018, so far, available high frequency indicators of...
Zaev: Last year with Tsipras in Davos we opened the doors to our future, today we attract investments
Exactly one year ago, here in Davos, with the Prime Minister of the Republic of Greece, Alexis Tsipras, we first met and opened the doors to our country's future, Prime Minister Zoran Zaev said after the first day came to an end in Davos.
-Here, this year we are opening the doors to the economy for our country's promising future. I believe...
World Bank projections contradict Governments wishes that 2019 will be an economic year
The World Bank in its latest report in January predicts growth in the domestic gross domestic product (GDP) in Macedonia at 2.9 percent in 2019, which is a sign that it will be difficult to achieve the government's announcement that this year will be an ‘economic’ year.
The World Bank expects final data for 2018 to show that last year's...
The government is considering an increase of the minimum wage
The government is considering to increase the guaranteed minimum wage said today Prime Minister Zoran Zaev when he replied to a question about how does the government plan to achieve the promised average wage of 500 euros.
"The government plans to make an additional decision regarding the growth of the minimum salary for this year," said Zaev.
The Minister...
NBM has downgraded the projection of the economic growth from 3.2 to 2.3 %
The National Bank has downgraded the growth projection for the Macedonian economy from 3.2 % in April to 2.3 % in November. The quickening of the growth is expected next year when it is expected to reach 3.5%, 3.8 in 2020 and 4% in 2025.
The Governor of the National Bank, Anita Angelovska Bezoska said that the correction made...
Hahn: If you don’t seize the opportunity now, EU’s door will be closed for the next decades
EU's Commissioner for Enlargement, Johannes Hahn gave an interview for MIA where he stated that if the referendum is unsuccessful, if there is no agreement with Greece, Macedonia will be blocked, there is a risk of isolation that will definitely slow the country's economic and social development.
"We are working towards the country to become a full-fledged member of...
SDSM: GDP growth of 3.1% confirms success of government economic policies
The 3.1% growth of the gross domestic product GDP in the second quarter confirms the success of Government economic policies and the positive impact of EU and NATO integration, SDSM said in a statement.
Furthermore, the statement adds that "moving the process of Macedonia's integration into the EU and NATO affects the economy positively."
"Such a process will be further intensified...
Erdoğan -Zaev: Support for good neighborly policies and resolving the name dispute with Greece
At today’s meeting in Ankara, Prime Minister Zoran Zaev and the President of Turkey, Recep Tayyip Erdoğan, at today’s concluded that the two countries have the potential to promote economic cooperation by increased Turkish investment and through new initiatives by Macedonia.
Government informs that Erdoğan has expressed support and encouragement for Turkish businessmen to invest in Macedonia.
“President of Turkey Erdoğan...
Bogov: Macedonian economy is prepared for possible major world financial shocks
The Governor of the National Bank Dimitar Bogov expects a reduction in the budget deficit, stabilization of both, the public debt and the economy during the next period, ready for possible turbulence in the world markets.
“By using the favorable conditions for issuing the Eurobond, funds were provided for the middle of the next year, thus avoiding a period of...
The visit to Davos was fruitful, said Zaev
The Prime Minister Zoran Zaev stated that the participation of the Macedonian delegation at the World Economic Forum in Davos as fruitful and successful informs the government.
"Macedonia's political friends and the potential business investors have sent us a clear message that the reforms are key for the economic prosperity. As the world leaders state, we have to be...
Zaev tells investors: There will be no elections in 2018, but there will be work to do
Prime Minister Zoran Zaev said that 2018 will be the year of economic development and investments. He urged domestic companies to invest because there will be no elections, but this year will be a year of work.
Zaev realized his first working meeting of the year with the Minister of Finance Dragan Tevdovski, who informed him that the total realization...
Five prime ministers from the region and 100 business leaders to attend the “Summit 100” in Skopje
The sixth annual "Summit 100" for business leaders from Southeast Europe will be held in Skopje on October 16th and 17th. The event will feature 100 renowned business leaders, five prime ministers of countries in the region - Bosnia, Serbia, Croatia, Slovenia and Montenegro - as well as representatives of the European Commission.
The Chairman of the Board of Directors...
Small number of women are owners and managers of big and medium-sized companies
In 73% of Macedonian big and medium-sized enterprises, the owners are men and 67% of them are general managers, while women are managing around 33% of the companies and only 27% are owners.
These are the results of the research of gender equality on managing positions in Macedonia, that the Institute for communication studies in cooperation with the "Isida...
