Fitch Ratings has affirmed Macedonia’s Long-Term Issuer Default Ratings (IDR) at ‘BB+’ with a Negative Outlook.
North Macedonia’s ratings are supported by favorable governance, human development, and ease of doing business indicators, and a track record of coherent macroeconomic and fiscal policy that underpins the longstanding exchange rate peg to...
Starting Friday, October 13th, the amendments and additions to the law on excise duties, which have been increased for cigarettes, cigars and cigarillos, come into force. For cigarettes, the excise duty will amount to 9% of the retail price per pack.
For cigars, the excise tax will amount to MKD...
There is no capital investment, and the Government continues to borrow regularly on the domestic market.
The Ministry of Finance has scheduled an auction of securities for Tuesday, with which it plans to withdraw another 2 billion and 130 million denars, i.e. about 35 million euros.
The Government also issued a...
The country imports grain from the countries of the region, and domestically produced grain remains unpurchased. Agricultural associations say that from last year's harvest, 6-8 thousand tons of wheat were not bought by the state.
This amount represents 10% of the domestic production of grain, but imports are inevitable to...
The National Bank’s Operational Monetary Policy Committee has decided that the interest rate on CB bills should remain unchanged at 6.3 percent, and the overnight and seven-day loan interest rates remain at 4.2 percent and 4.25 percent, respectively. The supply of CB bills at the regular auction remains unchanged...
According to economic analyst Zoran Vitanov, the government of SDSM and Zaev has neither staffing policy nor political will to attract foreign investment.
"I criticized the previous government a lot for its economy, because it was too involved in a 'dubious' economy. I would not call it black, I would...
The first growth of budget revenues has been registered in July since the COVID-19 outbreak which indicates that the economic recovery is moving at a good pace, the Ministry of Finance told Tuesday.
The revitalization of the economy is taking place with good dynamics, after the opening of the economy...
Hellenic Petroleum ELPE, the Greek government and officials from N. Macedonia has begun talks to restart the gas pipeline linking ELPE's Thessaloniki refinery to the Okta refinery through an out-of-court settlement by the end of the year.
The Greek gas group is seeking compensation of $ 32 million for breach...
Citizens and companies owe banks 353,345 million denars. Loans at the level of the banking sector as of November 2020 increased by 5.4 percent. At the same time, there is an increase in bank deposits, says President of the Macedonian Banking Association Maja Stevkova-Shterieva in an interview with MIA.
“As...