Home Page
 
Press Review 26 Sep 12

Macedonia Press Review – September 26, 2012

Promised government pay off to firms, kicks off; Macedonia mulls 250 million euro loan

Skopje

DNEVNIK
Tens of millions of euros from the state budget have already been paid to firms this week after Prime Minister Nikola Gruevski promised pay off of delayed payments of VAT returns and invoices to companies. The Finance Minstry confirms that the operation has already begun but do not tell precise sum that has been paid so far. Gruevski previously promised that the government will pay off its entire debt to the private sector by February 2013 in order to improve the economy's overall liquidity. However the entire sum remains a mystery as well.

UTRINSKI VESNIK
The World Bank yesterday confirmed to the daily that it will soon approve a warranty to the Macedonian government so that it can raise loans from foreign commercial banks. Country’s Finance Minister Zoran Stavreski informed this week that the country plans to raise a 200 to 250 million euro loan at the start of next year. This money would be spent to repay the state debt to local companies, to increase pensions and to fund other government projects, the daily says.

Balkan Insight has not verified the reports and cannot vouch for their accuracy.

Talk about it!

blog comments powered by Disqus

Related Headlines:

in-pictures-montenegro-gays-march-to-end-violence-09-21-2017
23 Sep 17

In Pictures: Montenegro Gays March to End Violence

Dozens of people marched the streets of Podgorica in the fifth Montenegro Pride parade,  urging the state to impose stricter penalties for violence against LGBT people.

22 Sep 17

Slovenia PM Calls off Border Talks in Croatia

22 Sep 17

Montenegrin Capital Set for Gay Pride Parade

22 Sep 17

Imagining Eastern Europe

Premium Selection

refugee-experts-downplay-romania-s-migrant-crisis--09-19-2017
20 Sep 17

Refugee Experts Downplay Romania’s Migrant ‘Crisis’

Despite reports of a new migration route opening up on the Black Sea, Romanian authorities and international organizations say scare stories have no basis in reality.

albanians-query-wisdom-of-slimmed-down-government-09-18-2017
19 Sep 17

Albanians Query Wisdom of Slimmed-Down Government

Edi Rama has honoured pledges to cut bureaucracy by radically trimming the size of the cabinet – but some fear the new ‘super-ministries are taking on more than they can handle.

18 Sep 17

Wine Lovers’ Paradise in Vibrant Zupa Region

Latest News from the Balkans

22 Sep 17

Slovenia PM Calls off Border Talks in Croatia

22 Sep 17

Montenegrin Capital Set for Gay Pride Parade