Tags Investments
Tag: investments
Instead of building a ski resort, develop sustainable tourism on Jablanica, WWF and Eco-Consiousness appeal
Following the statement made by the Director of the Invest in North Macedonia Agency, Dejan Pavleski about the plans for building a luxurious ski resort on the Jablanica Mountain in the south-west corner of North Macedonia, the World Wildlife Fund - WWF and the Eco-Consciousness Institute from Skopje object that these plans run against the principles of protecting the...
North Macedonia in five years invested only €480,000 in protection of forests, no wonder they are disappearing!
North Macedonia invests too little in the protection of the forests, and the end result of this negative phenomenon is the destruction of vast areas with trees. In the past 5 years, the expenditures and the investments for the protection of the forests in North Macedonia were only MKD 29,516,000 i.e. modest €480,000. In the meantime, the big forest...
Almost 70% of the German investors in North Macedonia would invest again
Almost 70% of the German investors that have made investments in North Macedonia would do the same again, shows the poll implemented by the Delegation of German Industry and Commerce in North Macedonia (Delegation der Deutschen Wirtschaft in Nordmazedonien).
The current situation in their companies was evaluated by the respondents as worse compared to previous years. Only 8% of the...
Dräxlmaier signs agreement with Government of North Macedonia for new €16 million investment
Agreement for state aid for the new investment cycle of the German company Dräxlmaier in North Macedonia was signed by the Deputy Prime Minister for Economic Affairs Fatmir Bitiqi and the company's managers, Lucas Muehringer and Joseph Otto Eric Kaufmann.
The new investments will amount to €16 million and they include over 1 000 new jobs by expanding the capacities...
Investments and increased energy production from renewable sources, priorities in the energy sector until 2023
The increased quantity of the electric energy produced from renewable sources of energy (RSE), new investments, and improvement of the energy efficiency remain some of the main goals of the energy policy for North Macedonia in the forthcoming period. Its energy sector should provide reliable, steady and superb supply of energy and fuel for the customers, rapid economic development...
€137 million foreign investments in North Macedonia in the first quarter of 2020
In the first three months of this years, the total foreign investments amount to €137.7 million, which is significant rise over the same quarter of 2019, when the foreign companies invested €48.5 million, the Central Bank of North Macedonia data shows.
It is interesting that the biggest part of these investments, €108 million, was made in March, when the COVID-19...
In the first three months, €8.1 million Macedonian investments abroad
An issue that deserves attention is the question of whether there will be a time when Macedonian companies start to move investments to other countries, considering that in the first three months of this year, foreign direct investments from our country abroad amounted to €8.1 million.
Data from the National Bank shows that there has been a significant increase in...
Sugareski: 8 million euros provided for reconstruction of the road from Gostivar to Kichevo
The Minister of Transportation and Communications Goran Sugareski informed that 8 million euros will be invested in the reconstruction of the Gostivar Kichevo road, as annually this road is traversed by 4 million passengers.
"8 million euros are invested through the Public Enterprise for state roads for reconstruction of the road from Gostivar to Kichevo. Previously, we reconstructed the...
Bahamas and Bermudas among the top five foreign investors
Last year, there were foreign investments in Macedonia in the amount of 624 million euros which was a record high since 2010 and onwards. Out of that amount, 404 million euros were direct investments and 220 euros are unallocated gain i.e. a reinvestment of assets by foreign companies that have been operating in this country for a long time....
Bekteshi: A historic record of foreign investments worth 624.5 million euros last year
Minister of Economy, Kresnik Bekteshi reported that foreign direct investments last year amounted to 624.5 million euros, compared to 181.7 million in 2017, which is an increase of 244 percent.
"This is a historical record of FDIs in the Republic of North Macedonia, since the independence of the country to date. Just in the fourth quarter of 2018, they amounted...
The government announces investments of more than one billion euros in the road infrastructure
Investments in the road infrastructure in the total ammount of 1,27 billion euros have been planned, said Prime Minister Zoran Zaev at press conference today, speaking about the roads that were built or rehabilitated last year, but also on the projects that are underway and the building, rehabilitation and reconstruction of roads planned for this year, in total length...
NBRM: The situation in the economy for the third quarter is improving
After the decline in economic activity in the first half of the year, the data for the gross domestic product (GDP) showed a moderate increase on an annual basis of 0.%, reported the National Bank in a statement.
"The growth of the activity in the third quarter was due to the export and personal consumption, while investment activity continued to...
We shall reach the European standard in 30 years from now if the GDP has a growth of 4%
Macedonian citizens will reach the European standard of living in 30 years if in the forthcoming years, the GDP has a growth of 4%, and the EU's GDP growth is 2%.
This is what shows the latest study by Vladimir Gligorov of the Vienesse Institute, which was presented today in "Holiday Inn." The presentation, among others, was attended by...
Tevdovski: The budget is very thin, but there is enough for salaries and pensions
On the budget’s account concluded on the 31st of May there is 6.5 million euros, and on the foreign exchange account there is 209 millions euros, assets from the eurobond, informed today the Minister of Finance, Dragan Tevdovski.
Further, he said that the budget has enough assets for servicing current expenditures and for payment of salaries and pensions. The money...
BIRN: Foreign Investors invested seven times less than what was announced
Foreign investors invested seven times less than what was announced and there are three times fewer jobs than promised, shows the database "Foreign investment under scrutiny" prepared by the journalistic team BIRN Macedonia.
The survey looked at 138 investments which were announced or promoted by the government from 2007 to 2016. It shows that 43 foreign investments were not realized...
Bogov: Investments have failed, GDP will increase by 2.3%
This year investments have failed, affecting the projection of growth of the gross domestic product to 2.3% in 2016, said Governor Dimitar Bogov, at the presentation of the October macroeconomic projections.
“All investments totally failed: public, private, foreign and domestic. The general ambience due to the political crisis was not the most suitable and it affected investor confidence. Increasing the...
“Congratulations on the elections, we are winning”, Gruevski tells sympathizers
“Congratulations on the elections, we are winning". With these words, the leader of the VMRO-DPMNE, started his 70-minute speech at the party gathering in "Boris Trajkovski" Sports Centre, where he demanded a great victory of 63 MPs and seats for a stable and secure Macedonia, and said, "it would mean the end to the dark and grim scenarios of the likes of Zaev and...
World Bank Predicts Economic Growth For Macedonia of Only 2%, Lowest in the Region
Economic growth in Macedonia is expected to slow down and reach only 2% in 2016 due to the decline in investments, according to the latest Economic Report of the World Bank for Southeast Europe, which was presented in Skopje today.
“For the first time in six years, investments have had a negative contribution to the economic growth, as opposed to...
Hahn did not mention Macedonia once, he asks the Western Balkans to first unite economically, and then join the EU
The European Commissioner for Neighbourhood Policy and Enlargement Negotiations, Johannes Hahn, in his address at a business forum about the Western Balkans Summit in Paris, did not mention once Macedonia, unlike Montenegro, Albania, Serbia and Kosovo.
The Commissioner believes that although at present the EU is in a difficult phase, the potential for EU membership continues to be a factor...
Investments are needed in the agricultural sector as it increases contributions to GDP
Agri-food is the third largest sector from 2005-2015 contributing 12 percent to the gross domestic product (GDP). Together with the processing industry of agricultural products, it is a total of 16 percent of the GDP.
The Economic Chamber of Macedonia emphasized that investments in this sector are of great importance because they contribute to foreign trade, and the share of...
