News

Government at a Glance: Western Balkans 2020 - Republic of North Macedonia is regional frontrunner in terms of business-friendly
08.07.2020

8th 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
03.07.2020

3rd 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
02.07.2020

2nd 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
28.06.2020

28th 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 q
18.06.2020

18th 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”.

Angelovska: 100,000 domestic payment cards to be distributed to the citizens by the end of this week
15.06.2020

15th June 2020, Skopje - By the end of this week, banks are expected to distribute around 100,000 domestic payment cards to the citizens, while 10,000 citizens have already obtained cards and can use them, Minister of Finance, Nina Angelovska, said at interview for “Utrinski Brifing” (“Morning Briefing”).

Angelovska: Measure – financial assistance in the amount of Denar 14,500 for wage payment provided for protecting 140,000 jobs
12.06.2020

12th June 2020, Skopje - Around 140,000 jobs were preserved as result of the measure for financial assistance to companies aimed at paying wages – Minister of Finance Nina Angelovska said in her interview on "Оnly the Truth” TV Program.

Angelovska and Tanasoski: Grant in the amount of EUR 700,000 for a modern digital Customs Administration
02.06.2020

2nd June 2020, Skopje - Government of South Korea will provide EUR 700,000 grant funds to support capacity building of the Macedonian Customs Administration, in particular as regards expedite shipments, detection of illicit financial flows, as well as e-commerce risk analysis. Minister of Finance, Nina Angelovska, Director of the Customs Administration, Gjoko Tanasoski, and delegation from the Korea Customs Service held a meeting today on launching the Project.

The demand volume of investors for the Eurobond issued in the amount EUR 700 million, with 3.675% interest rate, was by five tim
27.05.2020

27th May 2020, Skopje - Republic of North Macedonia issued the seventh Eurobond in the amount of EUR 700 million. The maturity of the Eurobond is 6 years, while the interest rate at which it was issued accounts for 3,675%, being the second lowest interest rate, right after the Eurobond issued in 2018. This speaks in favour of the confidence of investors in the Macedonian economy and politics, given that this bond is issued during a Covid-19 crisis - the worst economic crisis since the Great Depression, when all economies, including the developed economies, approached the international capital market capital so to provide resources for financing the crisis-related needs.

Angelovska and Bekteshi: New interest-free loans, grants for companies and support to export and modernization of companies unde
21.05.2020

21st May 2020, Skopje – Support to investments, easier access to capital, finding new markets, export-orientation, digitalization, modernization, new products, as well as inclusion of targeted categories, such as women entrepreneurs and young people envisaged in the third set of measures aimed at direct support to the economy. Minister of Finance, Nina Angelovska, and Minister of Economy, Kreshnik Bekteshi, presented the measures today.

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