Construction of the remaining section of one of Eastern Europe's key motorway networks, Corridor 10, will begin this summer, Macedonian Finance Minister Zoran Stavrevski said today.
The Macedonian government on Thursday decided to cut the state budget by some €76 million.
Macedonian state debt in the next three years should remain below 30 per cent of GDP, while the total public debt should be no more than 40 per cent of GDP, the country's lawmakers decided this week.
Romanian President Traian Basescu is on an official visit to Skopje today, where he is meeting with his Macedonian counterpart George Ivanov.
Macedonia will make its first budget cut this year in June but has yet to decide how much and where the belt will be tightened, the country’s finance minster, Zoran Stavreski, announced.
Legislation and access to finance are the biggest problems for doing business in Macedonia, reveals a study on the business climate in the country.
The Macedonian Finance Ministry has said that media outlets misunderstood remarks made by Finance Minister Zoran Ztavreski, and noted that the government does not plan to postpone the issuance of Eurobonds.
Macedonia will postpone its plans to issue Eurobonds until market conditions are more stable, the country’s Finance Minister Zoran Stavreski told media.
Prime ministers of the Western Balkan`s countries noted on Friday that the economic crisis is over, but cautioned that the consequences of the global slump will weigh on the region's recovery.
Macedonia’s economy is recovering very slowly from the effects of last year’s global financial crisis and there are still many risks facing the country, the governor of Macedonia’s National Bank, NBM, Petar Gosev told a press conference.
The government of Macedonia has launched an international campaign to boost its tourism sector, which will primarily aim to draw tourists from neighbouring countries.
The World Economic Forum published its report 'Lisbon Review 2010' on the occasion of its Forum on Europe being held Monday and Tuesday. In the report, Romania and Bulgaria remain the lowest ranking European Union members, while the Western Balkan countries range from the very top to the very bottom in their group.
A combination of reforms to the system and penalties for non-payers has made Macedonia a model for the region when it comes to collecting taxes.
Amnesty International’s human rights report for 2011 welcomed the arrest of the last two ICTY fugitives, Ratko Mladic and Goran Hadzic, but warned that many people across the region still wait for justice.
Three Balkan theatres performed the three parts of Shakespeare’s complex trilogy in London – and with very different results.