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Tag: loans

China as an example: Media promotion of the undemocratic value system

One of the significant negative influences in North Macedonia that most frequently is entirely overlooked, is the influence of China. This influence becomes even greater in conditions of great corruption in the country, decreased trust of the citizens in the institutions and their ability to deal with the issue and somewhat of an institutional chaos stemming from the abuse...

Female farmer from North Macedonia: Young women farmers need favorable conditions and financial support to become equal

Zhivka Gjurchinovska is a woman who has no problem driving a tractor. She is a diligent farmer and a mother of three. They live in the village of Tumchevishte, in the Gostivar area in the northwestern part of North Macedonia. Gjurchinovska has been a farmer for the past 20 years and a professional farmer in the past 11 year. She...

The Ministry of Transport requests funds from EU for a feasibility project for the railway line to Skopje airport

The Ministry of Transport and Communications submitted an analysis request for the investment plan for preparation of a study for the building of a railway branch line to the Skopje International Airport, as part of the new IPA III program, that has to be analysed by the European Union's delegation, the Ministry for Transport informed Meta.mk. This act follows the...

The banks in North Macedonia see loss of profits in the first quarter of this year

There has been a significant reduction of the profits of the banks in North Macedonia in the first quarter of this year, and due to the coronavirus crisis, rise of the rate of the irrecoverable loans is expected, the new data of the National Banks reveal. In the first quarter of 2020, total profits of the 15 banks in the...

Summer has arrived but first kilometers of new Kichevo and Ohrid motorway are yet to be inaugurated

The new summer season is about to start but the first several kilometers of the Kichevo - Ohrid motorway still aren't in regular use. The promises of the authorities were that this year the first, more or less, 10 km of this motorway will be put into use in the area between Vrbjani and Ohrid, which is the part...

Through the tolls we pay for the loans, interests and commissions for the motorways (video + infographic)

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Despite the fact that the Macedonians have the lowest salaries in Europe, they still pay very expensive tolls. The compensation for one kilometer by car is 2,6 denars, and the adoption of the new toll price in 2014 was justified by VMRO-DPMNE, which claimed that the global economic crisis has ended and the compensation must be increased to the...

EBRD will give loans in the amount of 30 million euros and grants for enterprises in the amount of 4.5 million euros

EBRD will lend a loan in the amount of 30 million euros and a grant in the amount of 4.5 million euros for small and medium enterprises for the improvement of their production capacities and the quality of products by introduction of EU standards. "If one company takes a loan in the amount of 1 million euros, it will...

Banks are breaking records with lending new home loans

In the past few years, the home loaning is the fastest growing segment in the bank's loan portfolio. The Central Bank informs that the annual rates of increase of home loans, which represent 15 percent of the loan portfolio, are significantly above the average growth of total loans for households, where the annual rate of growth is around 10%. According...

Peter: The European funds will stop and the state will be isolated if you say no to the EU

The companies members of the Foreign Investments Council strive for an easier conducting of their businesses in Macedonia, and NATO and the EU are the doors that lead to the easier conducting of businesses, said today at the press conference the President of the Foreign Investors Council, Stefan Peter. He said that Macedonia within the European Union would be...

Minoski and Bogov call on banks to open their purses to companies

Banks will release funds to invest in the corporate sector, said the Minister of Finance Kiril Minoski, and the Governor of the National Bank of Macedonia, Dimitar Bogov after the regular session of the Committee concerning financial stability in the country. “The political crisis has had an effect that resulted in a more restrictive policy from the banks, so they...

Because of the political crisis, international financial institutions will stop lending money to Macedonia

Because of the political crisis, international financial institutions will stop lending money to Macedonia reports "Prizma". Diplomatic sources in Skopje say that the World Bank has halted the second phase of the program for the improvement of municipal services in Macedonia which was supposed to provide loans to 57 municipalities for investments in infrastructure, such as water supply, sanitation, solid...

Farmers will be able to use loans in the amount of 20 million dollars

USAID and the Ministry of Agriculture will jointly fund a mechanism for partial credit guarantees, which would enable increased lending to individual farmers. In the next ten years, agricultural loans totaling 20 million dollars will be guaranteed. Agreement for Cooperation between the Government and the US Agency for International Development for bank guarantees for agriculture and rural development in Macedonia will...