Tag: economy

VMRO-DPMNE's party leader, Nikola Gruevski has announced a new era for Macedonia at the party's Convention that took place at the "Boris Trajkovski" sports hall. During the convention, the mayoral candidates were also promoted. Gruevski also said that this shall be an era of prosperity, progress and fulfilled promises, responsibility, dignity, and unity. "We are talking about managing, not...

Almost 100 days of lies, incompetence and humiliation have passed, partisation, debacle with the personnel, illegal activity and the demolition of institutions. One hundred days of non-working and cancelled projects, economic downfall, borrowing, reckless and superficial moves. That is what Macedonia and the citizens of Macedonia have suffered for the past 100 days. Today, Zoran Zaev’s press conference was...

“We are preparing the budget for 2018 and we are making the macroeconomic projections more precise”, said Minister of Finance, Dragan Tevdovski, in an interview with Sitel TV. He added that next year could be expected higher economic growth than this year. He announced that the next year the non-productive costs will be reduced, as he pointed out, to give...

Today, MPs from VMRO-DPMNE will submit to Parliament a vote of no confidence against the work of the Minister of Finance Dragan Tevdovski, stated MP Liljana Kuzmanovska. The main reason for the vote of no confidence is the "completely ineffective budget re-balance for the significant reduction of capital expenditures, the increased and unfounded debt of the citizens on the domestic...

The markets positively perceives the stabilization of the political situation in Macedonia and the perspectives for the Macedonian economy, inform the Ministry of Finance. They say that an indicator for this is the reduction in the rate of return of Macedonian Eurobonds traded on the international financial markets. "Since mid-May, contribution of all three Eurobonds have been steadily decreasing. Therefor, the...

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...

"Today, even the governor of the National Bank, Dimitar Bogov who during his mandate has kep quiet towards the policies of the government led by VMRo-DPMNE, by revising the rate of economic growth of 2.5 percent has confirmed the catastrophic economic moves of the previous government that are destroying the economy" said SDSM's announcement regarding the decrease of...

The World Bank predicts that Macedonia will have an increase in its economic growth of 2.8%, which is the lowest in the region, according to the regular economic report for the Western Balkans. The increase, as stated in the report, is significantly slow due to the decrease in investments, which were affected by the political crisis. The increase was largely...

The leader of SDSM, Zoran Zaev, presented a new program of the future government, which, he said, stems from the election program "Plan for Life" by SDSM, and programs of the parties that the majority of citizens voted for. He urged the parties - coalition partners to assess it, the opposition to comment on the program and for Ivanov...

“Most of the Governments priorities in the economy are fully aligned with the priorities of the World Bank. We are thinking about projects where the main focus will be the development of the private sector, linking domestic companies with the free economic zones, projects in the areas of road construction, and strengthening our efficiency in energy , "said Minister...

Today in Skopje, the Foreign Ministers of Macedonia and Greece, Nikola Poposki and Nikos Kotzias discussed confidence-building measures and the possible development and expansion of the railway line from Bitola to Lerin and the construction of the gas pipeline from Thessaloniki to Macedonia . The name dispute, as previously announced, was not part of the conversation between the two Foreign...

Today, Macedonia issued a Eurobond worth 450 million euros, with a coupon rate of 5,625% per annum and with a maturity of 7 years, which are extremely favorable terms given the complex political situation in the country, stated the Ministry of Finance. "The funds from the bond will be used for the state budget for the years, 2016, and 2017,...

“The exchange rate of the denar is stable, there is sign no inflation, and we guarantee there will be no shock for exporters”, said the Governor of the National Bank, Dimitar Bogov, while commenting on Britain's decision to leave the European Union, and the possible repercussions it might have on the Macedonian economy. According to Bogov, Macedonia does not have...

Political uncertainty affect companies, some so much that some of the planned activities have been deferred. The actual effects on business, we will start to know about after the first quarter of this year. " Political uncertainty has an impact on the operation of businesses. We have announced some of our members who had planned investments will now  be postponing them...

The new year 2016 will be difficult economically, perhaps the most difficult year the country has seen in the last decade, the Economic Chamber of North-West Macedonia (OEMVP) said in an assessment. The President of the Chamber, Nebi Hoxha, said that in late January he will send a request to the Government which will propose a series of measures to...

The European Commission's economic section is one of the most accurate and precise points which are also painful points in the Macedonian economy, says Professor and former Minister of Economy Abdulmenaf Bedzeti. According to Bedzeti, the report is very clear and unambiguous, with no diplomatic vocabulary and no calculation as to how will be understood, it points out the problems...

Because of Nikola Gruevski's system, according to figures from the World Bank, more than 600,000 people have left Macedonia, mostly young people, SDSM accuses the Governments Head of Party. “Nikola Gruevski system brought great economic decline, poverty, blocked companies, inequality, politicized institutions, a dysfunctional health system, an undemocratic environment, silenced freedoms and the rights of citizens. Every third company in...

Governor Dimitar Bogov announced that the projected economic growth of 4.1 percent will not be realized because of political uncertainty. “Political uncertainty has a negative impact on the economy, and I hope that this situation will soon be over. Economic agents need certainty and a stable environment to work in. In April we had a projection of 4.1 percent growth...

The new analysis of British organization Jubilee Debt Campaign (Jubilee Debt Campaign) shows that Macedonia ranks among the countries with high indebtedness. According to the report, these highly indebted countries are in a dangerous area because of the debt. That would mean that, during an economic downturn or unexpected jump in interest rates, in the long run, economic disaster might...

From tomorrow until July 8, a team of the International Monetary Fund, led by Jesmin Rahman, will stay in Skopje. The visit is to implement the annual review of the Macedonian economy. As announced by IMF, preliminary assessments will be announced at the end, and a report which will be discussed at the meeting of the Executive Board of IMF...