Ministry of Finance |

Government at a Glance: Western Balkans 2020 - Republic of North Macedonia is regional frontrunner in terms of business-friendly environment

8^th July 2020, Skopje – Republic of North Macedonia is regional frontrunner in terms of business-friendly environment and faces less fiscal risks compared to the other countries. These are the main points for our country in OECD’s Government at a Glance: Western Balkans 2020. The Report states that the country is regional leader in ensuring favorable business environment and outperforms OECD and OECD-EU averages.

High VAT refund to companies: EUR 206 million in the first half of the year despite COVID-19 crisis

3^rd July 2020, Skopje - VAT in the amount of Denar 12.7 billion or EUR 206.5 million was refunded to the companies in the first half of 2020, being by 6% or by Denar 660 million more compared to last year. This is the highest VAT refund for the respective period in the past years, which is significant taking into account the COVID-19 crisis.

Angelovska: Sooner-than-expected reopening of the economy, revenue collection in June better than the projected one

2^nd July 2020, Skopje - Revenue collection in June has been significantly better than the projections, thereby indicating sooner-than-expected reopening of the economy. Revenue collection in June was lower by 9.6% compared to last year, being an improvement in relation to the previous two months. Certain duties even recorded significant overperformance compared to last year, such as personal income tax and contributions. This pointed out by Minister of Finance Nina Angelovska at one of the regular press-conferences on the monthly Budget execution, which to the end of greater transparency, are carried out since the start of the COVID-19 crisis.

Angelovska: Users of domestic payment cards can already purchase therewith

28^th June 2020, Skopje – Around EUR 28 million intended for the payment cards have been already transferred to the banks, and by the middle of past week, 60.000 cards have been issued to the citizens, amounting to around EUR 11 million, being already in use. Macedonian products are already being purchased with the domestic payment cards, Minister of Finance Nina Angelovska said in an interview for “Biznis Poenti" TV Program for Alfa TV Channel.

Angelovska: Domestic payment card - an injection in the amount of EUR 28 million to accelerate economic activity in the third quarter

18^th June 2020, Skopje - Domestic payment cards and domestic tourism vouchers will mitigate the drop of the economic activity in the third quarter, as well as the drop of the number of night stays in the Macedonian tourism. Simulations made by the Ministry of Finance Minister of Finance show this, Nina Angelovska said in an interview for “Agenda 35”.