SKOPJE (Macedonia), July 30 (SeeNews) - Macedonian holding company Zito Vardar said on Friday its preliminary consolidated net loss widened to 32.865 million denars ($701,300/539,400 euro) in the first half of 2010 from 4.365 million denars a year earlier.
SKOPJE (Macedonia), July 30 (SeeNews) - Macedonia's leading electronic equipment producer EMO said on Friday its preliminary consolidated net loss widened to 123.6 million denars ($2.6 million/ 2.0 million euro) in the first half of 2010 from 88.2 million denars a year earlier.
Mayors of six districts from eastern Macedonia demand from the Government to financially help them with the construction and reconstruction of purification stations so they could use the water from the hydro system Zletovica as soon as possible. At the meeting with finance minister Zoran Stavreski, mayors of Stip, Sveti Nikola, Kratovo, Probistip, Lozovo and Karabinci considered the possibility to finance the station with a part of EUR 50 million that the government obtained recently from the European Investment Bank (EIB) for the construction of water supply systems. Several scenarios were discussed at the meeting. In order to decrease the price of the project, they decided that stations in Stip and Sveti Nikola would supply power to inhabitants of Lozovo and Karbinci as well.(Dnevnik)Source/Author
The National Bank of Macedonia warns that the possible transferring of decreased solvency of Macedonian legal entities to the labour market could be important for the banking system. It could cause further increase of risks for the banking system. Crucial precondition for the preservation of the financial stability is maintenance of macroeconomic stability. Moreover, NBM says that stability of the Macedonian financial system depends on the stability of the banking system as its dominant segment. NBM Council concluded that the velocity of the recovery depends on main trade partners in Macedonia and public debt.(Nova Makedonija)Source/Author PressCut
SKOPJE (Macedonia), July 30 (SeeNews) - The European Fund for Southeast Europe (EFSE) has so far committed some 700 million euro ($914 million) to back economic recovery in the region but its lending programme could grow to 1.0 billion euro through 2013, a senior EFSE official said.
SKOPJE (Macedonia), July 30 (SeeNews) - Macedonia's leading drug maker, Alkaloid, said on Friday its preliminary consolidated net profit rose by an annual 3.5% in the first half of 2010 to 291.4 million denars ($6.2 million/4.8 million euro).
SKOPJE (Macedonia), July 30 (SeeNews) - Macedonia's largest steel mill, Makstil, said on Friday its preliminary net loss in the first half of the year narrowed to 10.266 million denars ($219,100/168,200 euro) from 97.551 million denars a year earlier.
SKOPJE (Macedonia), July 30 (SeeNews) - Following are some of the main stories carried by online versions of Macedonian media on Friday morning. SeeNews has not verified these reports and cannot vouch for their accuracy.
SKOPJE (Macedonia), July 30 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Macedonia through November 9.
SKOPJE (Macedonia), July 29 (SeeNews) - Macedonia's Komercijalna Banka said on Thursday its preliminary operating profit in the first half rose by 47% on the year to 495.7 million denars ($10.51 million/8.03 million euro).
Macedonia will pay 60 percent of the value of insurance policy for primary agriculture production. The Macedonian Ministry of Agriculture has managed to provide MKD 35 million for the purpose. Deadline for applying for the use of these means is by the end of the month. A condition is that only farmers with insured plantations and crops can apply for the means. Farmers have to pay the rest 40 percent of the insurance policy value.(Vreme)Source/Author PressCut
Macedonia and Albania, which share an identical vision of Euro-Atlantic integration, are dedicated to regional cooperation and establishment of good neighbour relations, said Macedonian President Dorde Ivanov and head of Albanian diplomacy Ilir Meta today at a meeting held in Skopje. According to the President Ivanov’s Office, Ivanov and Meta said they were satisfied with bilateral relations between the two countries, which focus on furthering their friendship and building their relations through an open dialogue. Moreover, they concluded that the two countries need to focus on economic cooperation, which could be on a lot better level than at the moment.(eReporter)Source/Author PressCut
Analyses of economic experts show that if the GDP of Greece drops by 5 percent, Macedonian economy will lose USD 30 million by the end of this year. Thus, the Greek crisis will have a significant impact on Macedonian companies which export to that country. Further projections show that Macedonia might lose USD 226 million by 2014. This would cause shutting down of many export-oriented companies which depend on the demand from Greece. Moreover, it also needs to be taken into account that Greece is Macedonia’s third biggest trading partner. Macedonia mostly exports iron, steel, textile, and dry tobacco to Greece.(Inpress)Source/Author PressCut
Macedonia has received positive opinions as well as several negative opinions from Brussels. "We perceive this as appreciation of our efforts and efforts of all those who are included in reforms and modernization of Macedonia," said Macedonian PMNikola Gruevski. He pointed out that they would continue working on the improvement of weaknesses and that he was optimistic that Macedonia would receive a positive report from the European Commission this year. However, a lot depends on the name dispute with Greece and economic situation. All this will in the end have influence on when Macedonia will receive the date for the beginning of EU negotiations.(Sitel)Source/Author PressCut
Macedonian agriculture minister Ljupco Dimovski has warned that producers and purchaser have to obey the regulations of the Tobacco and Tobacco Products Act. They have to agree the amounts of purchase and follow the entire production process through enhancement of cooperation between producers and purchasers. In this regard, several control teams of the State Inspectorate will monitor their business. Moreover, Macedonian tobacco is sought-after on foreign markets and therefore, the state is undertaking diverse steps for the purpose of finding new export markets. In late August, a delegation from China will visit Macedonia. Recently, China has been perceived as a new market for Macedonian tobacco. The delegation will check all conditions and circumstances related to tobacco purchase.(Sitel)Source/Author PressCut
SKOPJE (Macedonia), July 29 (SeeNews) - Macedonian trading and accounting company RZEkonomika said on Thursday its preliminary net loss narrowed to 3.961 million denars ($84,000/64,000 euro) in the first half from 8.142 million denars a year earlier.
SKOPJE (Macedonia), July 29 (SeeNews) - Following are some of the main stories carried by online versions of Macedonian media on Thursday morning. SeeNews has not verified these reports and cannot vouch for their accuracy.
SKOPJE (Macedonia), July 29 (SeeNews) - Macedonia's largest cigarette maker, Tutunski Kombinat (TKP), said its preliminary consolidated net loss in the first six months more than doubled to 171.2 billion denars ($3.6 million/2.8 million euro), from 74.6 million denars loss a year earlier.
SKOPJE (Macedonia), July 29 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Macedonia through November 9.
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