Tag: Ministry of Finance

The new Fiscal Strategy for the period 2022-2024, with projections until 2026, is carrying strongly optimistic forecast about the development of the economy of North Macedonia. The economic growth rates are planned to above 5% and the unemployment rate at only 8.6%. Also, the average salary is planned to grow with an average rate of around 4%, the gross...

North Macedonia this year will start a comprehensive reform of the tax system, with 13 set goals, 40+ activities, and numerous sub-activities chartered in the Action Plan for 2021 for the implementation of the Strategy for the Reform of the Tax Ssystem 2021-2025. The measures include analyses, application of models and experiences, accompanied by public debates and consultations, the...

“Moderately unsatisfactory” is the grade that the World Bank gave for the progress of the implementation of the project for the construction of the Rankovce - Kriva Palanka Expressway, on Corridor 8. The World Bank, which sources the money for the project, emphasizes that the construction of the 23 kilometres long road is underway, but the progress of the works...

The return of 15% of the value added tax (VAT) to the citizens is expected to start on July 1, informed Prime Minister Zoran Zaev, Finance Minister Dragan Tevdovski and the Director of the Public Revenue Office(PRO), Sanja Lukarevska, at a press conference today. The possibility of receiving back part of the VAT paid will be available to all citizens...

The government did not listen to appeals made by companies dealing with information and communication technologies and innovations and announced that from 1 January 2019 there will be a progressive taxation of 18% for the income of individuals with a monthly personal income over 90,000 denars. According to managers of the companies from this sector, the introduction of the...

In order to increase transparency and accountability regarding public procurement, from now on, the public procurement electronic system (ESJN) will feature the assigned agreements, and the public will have an insight into the agreements themselves, reports the Ministry of Finance. “The agreements will be available within the notifications for a concluded procurement. After the procurement have been completed, the agreements...

The Public Procurements Bureau, operating as a part of the Ministry of Finance, created the Open Data platform available at the e-Nabavki website. The new tool allows every interested party to conduct personalized analyses and research on the public procurements system or any specific institution and contracting party in the public procurement itself. According to the Ministry of Finance’s spokesperson, Jovana...

The Ministry of Finance of Macedonia and the Ministry of Finance of Netherlands have signed an Agreement for a mutual cooperation. The Agreement was signed by the Macedonian Minister of Finance, Dragan Tevdovski and the Minister of Finance of Netherlands, Jeroen Dijsselbloem. "With this Agreement, both ministries will expand its cooperation through an exchange of knowledge, experiences and of...

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...

The second draft for the balancing of the budget, which has turned into a discussion between the Electoral Commission and Parliament, states that the budget for the State Election Commission remains close to 104 million denars. (1.6million euros) which was predicted in the first supplementary budget of June, this year. Then the SEC had its budget cut from 531,375 000...

Families in the flooded areas of the country, are claiming using social media that they had received less than the 30.000 denars, of the government’s advance financial aid because allegedly some banks are taking money owed to them for frozen accounts, unpaid bills or loan installments. Even though some of the banks “Meta” have contacted claimed that some of the financial...

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 Ministry of Finance reacted to yesterday’s protest by the “Colourful Revolution” after demonstrators threw balloons with paint at the building’s facade. “The Ministry of Finance respects the citizens right to protest peacefully, however, the ministry condemns the act of vandalism inflicted by individuals who have damaged public property, which was built with the money of the citizens of Macedonia”,...

The budget for the SEC is set to be reduced because of the absence of a precise date for elections, the Ministry of Finance has said after reports became public, showing that the proposal re-balance of the budget will cut the State Election Commissions funding by 400 million denars. From the beginning of the year, it has been estimated that...

Finance minister Zoran Stavreski was seen in New York, near the Museum for Modern Art (MOMA), where he was photographed by a Meta journalist. We didn’t get a reponse from the Government and the Ministry of Finance, whether Mr. Stavreski has taken a vacation or is on a working visit to the United States. The spokespersons of the Government and...