Chambers of Commerce warn: If the crisis is not resolved, we are headed towards bankruptcy
If you spend and do not add, if there are no investments and new production, there is no possibility for loans and sources of funding, then nothing is impossible, even bankruptcy. This was today’s warning of the heads of the Economic Chamber of North-West...
Gruevski and Bogov warn of “anxiety” among investors and the companies
At yesterday’s gathering "Macedonia strong," Prime Minister Nikola Gruevski said that although there have been no serious damage to the economy, the psychological condition after the terrorist attack, as well as Zaev’s statements that "there will be blood" began to cause problems to the...
Bogov: If the crisis lasts, investments and consumption will suffer
Governor of the National Bank of the Republic of Macedonia Dimitar Bogov stated that if the political crisis lasts, it will have a negative effect on macroeconomic projections, which would decrease, especially in the part of investment and private consumption.
- Investors refrain from investing...
Informal economy is 30 percent, young most affected
The informal economy in Macedonia is 30 percent. Tourism, catering industry, shoe industry, the media are branches where it is most prevalent. The most affected are young and we are the leading country in the region in which 45 percent of young people are...
Bogov: In the long run, the political crisis will have a negative effect on the economy
Governor of the National Bank Dimitar Bogov thinks that if the political crisis in the country lasts, it will have a negative impact on the economy in the long run.
"On 7th or 8th of May, we will announce projections and see if we would...
The tobacco industry registers a decline by all parameters
The number of contracts with subcontractors is reduced, there is less planted area, there are fewer yields, there is a lower purchase and lower average price in comparison with 2013 - this can be concluded from the analysis of data in the tobacco industry.
The...
Caterers request VAT on food to be reduced to 5 percent
Representatives of the Association of hospitality and tourism to the Economic Chamber of Macedonia initiated VAT reduction from 18 to 5 percent of food in hotels and restaurants, catering and hospitality incentives.
- The caterers request a way in which VAT on food is calculated...
Gruevski in Prilep promised two new investments, 350 jobs and longer maternity leave
At the national gathering of VMRO-DPMNE in Prilep, party leader Nikola Gruevski announced two new investments and 350 jobs.
- I wish to announce the German company "Akomplast" which opens a plant to produce components for the automotive industry with an initial investment of several...
This summer we await 10 percent more tourists than last year
Before the forthcoming season, tourism workers expect more foreign visitors than last year, and it is estimated that the number will be higher by 10 percent.
The first tourists from Denmark arrived in Ohrid, and at the beginning of May are expect traditional guests from...
Foreign investors won’t be able to buy land in the zones
Ministry of Economy, through amendments to the Law on free technological development zones, annuls the recent changes to the law passed last year that foreign investors, except lease of land, were allowed to buy plots in some of the free zones, reports portal "E-magazin".
Under...
Businessmen from Gostivar heard employment measures
Government measures to reduce unemployment and to support recruitment official records, were today presented to businessmen from Gostivar region. The Forum was organized by the Employment Agency in cooperation with the Ministry of Transport and Communications, Municipality of Gostivar and UNDP.
In Gostivar, much of...
Russia is building a gas pipeline in Macedonia?!
The company "Strojtransgas" of Russian businessman Gennady Timchenko started building a branch of the main pipeline Klechovce-Negotino in Macedonia worth about 75 million US dollars, reports Russian newspaper Komersant, which cites a source familiar with the situation.
It is currently working on the first stage...
Debt to IMF prematurely settled
Republic of Macedonia prematurely settled the debt for precautionary credit line in the amount of 312 million US dollars to the IMF, thus saving five million euros, informed Deputy Prime Minister and Finance Minister Zoran Stavreski. With yesterday’s transaction in Washington in the amount...
Minimum wage in Macedonia is 12 times lower than the EU
The highest minimum wage in the EU is in Luxembourg and it is 1.923 euros, while the lowest minimum wage in Bulgaria is 184 dollars, announced "Eurostat".
The minimum wage in Macedonia since January is 9,590 denars (155 euros), which is 12.4 times less than...
Macedonia could be part of the route of “Turkish stream”
"Turkish stream" could pass through Greece, Macedonia, Serbia and Hungary, said Hungarian Prime Minister Viktor Orban in an interview with the Russian newspaper "Komersant".
Orban's statement comes after a recent meeting with Russian President Vladimir Putin, on which it was discussed about energy and the...
Greece to introduce a special tax for the rich
The new Greek Government is preparing reforms of the tax system, which will introduce a special "tax on large estates" (TLE). As "Greek Reporter" reports, allegedly, the tax will include everything luxurious and which exceeds the value of 300,000 euros.
The new tax system should...
“Business Insider”: Venezuela poorest, Macedonia 12th
According to the analysis of "Cato Institute”, Venezuela is the poorest country in the world, and Macedonia is the 12th, reports "Business Insider".
According to the Poverty Index, the institute ranked 108 countries in the world, based on data for inflation, unemployment and interest...
Draghi’s 1,000 billion crashed the euro, but raised the prices of shares
The main program of the European Central Bank (ECB) for buying bonds should strengthen the economy in the Eurozone, but that alone will not be enough, said the director of the International Monetary Fund (IMF), Christine Lagarde, calling on Governments to implement structural reforms.
-...
Swiss celebrate the rise of the franc, the Balkans is panicking
Swiss franc today has grown in value by 30 percent after the Central Bank of Switzerland decided to abandon the fixing the value of the franc against the euro.
Swiss National Bank (SNB) says that the measure for fixing the franc, introduced in September 2011...
Gruevski invites Indian companies to invest in Macedonia
Indian companies are welcome to invest in Macedonia, stated Prime Minister Nikola Gruevski after meeting with Indian Prime Minister Narendra Modi, held on the margins of the global summit “Vibrant Gudzherat” in Ahmedabad, India.
As reported by “Macedonian Radio Television”, Gruevski briefed his Indian counterpart...
