SUMMARY of information about articles published in daily and weekly media

Private sector’s demand presented to members of CEFTA subcommittees at CEFTA Week Media

CEFTA Week, which is the most important annual event where, this year, the results achieved in the 10 years of CEFTA implementation were discussed, hosted presentations delivered by representatives of the CEFTA

Chamber Forum, which contained the private sector’s recommendations and conclusions, at the meetings of CEFTA focal points comprising the persons in charge of the implementation of the Central European Free Trade Agreement, who are appointed by respective ministries of economy (08.12.2016).

Source MK: http://www.mchamber.mk/(S(ppxngkql0a4et555rscu4ruy))/default.aspx?lId=1&mId=55&evId=34327

Remark:

Interview with Grouper General Manager: We revolutionized e-

commerce! Media

“Launching an online sales business

was not easy at a time when less

than 1 % of the population shopped

online,” says Nina Angelovska,

General Manager of Grouper,

Macedonia’s first online shopping

service. “Our idea was to give a new

service to Macedonia, something

that did not exist. Of course, making our idea reality was much more

difficult than the idea itself. We did a thorough market analysis and

approached customers with a spot-on marketing strategy,” she explains.

p. 8

Source MK: http://www.utrinski.mk/?ItemID=98A25FD10805A24C90DAF67F6702463A

Remark:

Jobs at risk: Technology vs cashiers, drivers, doormen Media

Technological development is rapid and occurs at a pace unthinkable just several decades ago. This fast pace leads to frequent and fundamental changes in the structure of modern economies and is changing the description of nearly every job. Nevertheless, some jobs are

dying out, while new are being created. Companies and industries will be swiped out, which will threaten a large number of jobs. Technology’s advancement into all spheres of life and business more often than not implies that someone is losing their job.

p. 9

Source MK: http://www.utrinski.mk/?ItemID=B0F0FF84E9C3B34DB176C7D3CC37C2DB

Remark:

Macedonia’s new banknotes of 200 and 2000 denars to be put into

circulation starting Thursday Media

Starting on 15 December, the National Bank of the Republic of Macedonia will be introducing new banknotes of 200 and 2000 denars. At the same time, the banknotes of 5000 denars will become history. The Bank informs that their decision is based on the

detected need in transactions. The withdrawal period for the 5000 banknote ends on 28 February 2017, in the course of which banks will be providing exchange services. As of 1 March 2017, citizens will be able to exchange this banknote at the National Bank.

p. 8

Source MK: http://www.utrinski.mk/?ItemID=C529C99A9F0C6C488384158A168078C2

Remark:

German road tolls result in 130 euros increase in costs of Macedonian truck drivers Media

Germany’s decision to introduce road tolls on motorways will lead to higher costs for Macedonia truck and bus drivers - an increase of about 130 euros annually. In addition, the increase in Germany’s minimum hourly pay from 8.50 euros to 8.84 euros, starting

January 2017, alongside the new procedure for electronic registration, will also result in higher costs. This increase applies to both foreign and German transport providers that perform their services on the territory of Germany. Practically, it means that Macedonian truck drivers will have to be paid in accordance with Germany’s minimal hourly rate when on German territory.

p. 6

Source MK: http://www.dnevnik.mk/?ItemID=2A1D79936B67EE43A185A31869F01558

Remark:

Are Christmas decorations safe? Media

Market inspectors will be watching closely warehouses storing and shops selling Christmas decorations. Inspectors will be checking if the products meet the health and safety requirements. Over the past few years, inspectors detected irregularities in

many shops, which were forced to remove the products from their shelves. For example, decoration lights can be of poor quality and cause fires.

p. 6

Source MK: http://www.dnevnik.mk/?ItemID=C298CED8E2CA7042A5AB71C86E81492A

Remark:

Online work: National Bank of Macedonia not notified for payments received via Payza or Skrill Media

The National Bank of Macedonia does not have any official information about possible interest to use international payment services such as Payoneer, Payza or Skrill. The Bank is also not informed if citizens are already using these payment services, and how much money is being

transferred. However, it is a well-known fact that many Macedonians earn money online and receive their payments via these payment systems.

p. 6

Source MK: http://www.dnevnik.mk/?ItemID=26457E6DED970B4DB7F4653DEBF643BA

Remark:

Integrated system for selling agricultural products: Agri Stock Exchange to improve trade, guarantee fair prices Media

The stock exchange for agricultural products will gather, in one place, fresh agricultural products and enable easier distribution to final consumers inside and outside the country. Macedonia will get an integrated system for selling agricultural products that can guarantee fair prices for agricultural products.

p. 9

Source MK: http://vecer.mk/ekonomija/agroberzata-kje-ja-podobri-trgovijata-i-kje-ovozmozhi-fer-otkupni-ceni

Remark:

Global Enabling Trade Report 2016: List of the world’s greatest traders published Media

The Global Enabling Trade Report measures 136 countries on their capacity to facilitate the flow of goods over borders and to their destination. This is a much broader measurement than simply assessing tariffs and relative openness to imports and exports, as it takes into account things like the efficiency of border administration, infrastructure,

transport services, use of technology and the wider operating environment. Singapore is top-ranked, while Macedonia has been ranked 56th.

Electronic publicatio

n

Source MK: http://vecer.mk/ekonomija/objavena-listata-na-najgolemi-zemji-trgovci-vo-svetot-makedonija-rangirana

Remark:

First Slow Food Presidium from the Republic of Macedonia: Macedonia’s green fig preserve on the world map of traditional food Media

Electronic publicatio

n

Green figs are the main raw material used in the production of Macedonia’s well-known fig preserve. It’s a traditional recipe that has put Macedonia on the world map of traditional food, and a product that stands out at global food fairs. Green fig preserve is the first Slow Food presidium from the Republic of

Macedonia.

Source MK: http://vecer.mk/ekonomija/makedonskoto-slatko-od-divi-smokvi-na-svetskata-mapa-za-tradicionalna-hrana

Remark:

Oil-producing countries agree to cut output along with OPEC Media

Oil-producing nations struck a deal Saturday to cut output along with the Organization of the Petroleum Exporting Countries, a pact designed to reduce a global oversupply of crude, lift prices and lend support to economies hurt by a two-year market slump. The agreement would remove 558,000

barrels a day of crude oil from the market. That would come on top of 1.2 million barrels a day in cuts already agreed to by OPEC, amounting to a total of almost 2% of global oil supply. (Source & more info: The Wall Street Journal)

Electronic publicatio

n

Source MK: http://vecer.mk/ekonomija/dogovoreno-namaluvanje-na-proizvodstvoto-na-nafta

Remark:

Foreign investments to go beyond EUR 200 million by the end of 2016 Media

Between January and September 2016, Macedonia had a total FDI inflow of EUR 199 million. According to a report published by the National Bank of RM, in the first nine months of 2016, the highest amount of investments originated from Germany (EUR 23.2 million), followed by

Turkey (EUR 23.1 million), Italy (EUR 12.5 million), Luxembourg (EUR 11.5 million) and Bulgaria (EUR 12 million).

p. 11

Source MK: http://vecer.mk/ekonomija/stranskite-investicii-kje-nadminat-200-milioni-evra

Remark:

SUMMARY of information about articles published in daily and weekly media

Next year’s energy balance presented to the Macedonian Energy Association (33 media announcement) Media

On

Monday, 6 December 2016, the

Macedonian Energy Association discussed the 2017 energy balance of the Republic of Macedonia. The energy balance is an indicative planning document that shows the energy demand, also by types of energy sources needed, and the country’s energy supply, both local sources and imported. This document is developed by the Ministry of Economy, pursuant to the Law on Energy and the Rulebook on energy balances and energy statistics. It is projected that final energy consumption will reach 2087 ktoe in 2017, marking a 2.3 % rise relative to the final energy consumption in 2016. The country will need 2755 ktoe of energy in 2017, which a 2 % decline relative to 2016.

Source MK: http://www.mchamber.mk/(S(2lflji4542dvqc35k3vmdl55))/default.aspx?lId=1&mId=55&evId=34323

Remark:

Q3: Businesses’ demand in loans goes up, together with banks’

approval rates Media

In Q3 of 2016, businesses’ demand in loans

went up, alongside the local banks’

approval rate. This is shown in the latest

survey on credit activity performed by the

National Bank of Macedonia. This trend of

favorable loan conditions for the business

sector is expected to continue throughout the year, alongside the demand

in this type of loans.

p. 8

Source MK: http://www.utrinski.mk/?ItemID=770695EF591EE94289EC40132F4D5285

Remark:

EFSE DF accelerates financial inclusion with landmark fintech

competition in Berlin Media

Tarfin has won EUR 15,000 sponsored by the EFSE DF and the distinction of becoming the first company to be dubbed champion of the Fincluders Startup Challenge, a competition featuring emerging fintech companies

with products designed to reduce the ranks of the world’s 2.5 billion people with no access to banking services. (Source & more info: EFSE)

Electronic publication

Source MK: http://www.utrinski.mk/?ItemID=A6F529C8BA7A0C4DB8232F2743F2AEFE

Remark:

German court upholds nuclear exit but orders compensation for

power companies Media

p. 9

Germany’s highest court on Tuesday upheld the government’s decision in 2011 to shut its nuclear reactors ahead of schedule, but it ruled that power companies must be compensated for losses incurred as a result of that decision. The ruling by the Federal Constitutional

Court in Karlsruhe brings to an end a long, bitter dispute between the government of Chancellor Angela Merkeland German power companies on the decision in 2011 to abandon nuclear power in the wake of the nuclear disaster in Fukushima, Japan. (Source & more info: The New York Times)

Source MK: http://www.utrinski.mk/?ItemID=5C3461890C2BF14BBCB0A846CF163DA4

Remark:

Erdogan ratifies agreement on Turkish Stream Media

Turkey’s President Recep Tayyip Erdogan has signed a law on ratification of the agreement with Russia on the Turkish Stream gas pipeline’s construction project, Turkey’s Resmi Gazete reported. The Turkish Stream project was announced in late 2014 by Russian

President Vladimir Putin during his state visit to Turkey. In November 2015, the project was suspended after a Russian Su-24 aircraft was downed by a Turkish F-16 fighter in Syria. A thaw in relations between Moscow and Ankara began last June following Turkey's apology to Russia. (Source & more info: Azernews)

p. 9

Source MK: http://www.utrinski.mk/?ItemID=81D8ACE80D1BC546AB021136A9B067FC

Remark:

Annual ECMT permits to be distributed after the election Media

Due to the ongoing election process

taking place in Macedonia at the

moment, and in accordance with the

legislation and the process transparency

requirement, the preliminary

distribution of ECMT permits will take

place on 12 December this year. This information has been provided by

the Ministry of Transport and Communications. Between 13 and 20

December this year, the electronic complaints system will be open, the

Ministry pointed out.

Electronic publication

Source MK: http://www.utrinski.mk/?ItemID=CEAE3CD673C3634EA8A2A12019326732

Remark:

Sectors that depend on loans: Trading companies borrow EUR 1.42bn from banks; construction companies EUR 450 million Media

The amount of loans that banks have approved to construction companies in the past six years has gone up by 44 %. Statistical data provided by the National Bank shows that loan demand and approval was the highest among construction companies. The intensive

construction works in Macedonia, including the construction of apartment buildings, has caused an increase in the amount of money companies borrow from banks.

p. 8

Source MK: http://www.dnevnik.mk/?ItemID=6A6624CE0CA01D419F885CDF23726358

Remark:

Granit and Beton to build high-speed motorway connecting Stip and Kochani Media

The agreement for the 28-kilometer

long high-speed motorway between

Stip and Kocani has been signed. The

motorway will have four lanes and is a

20-million-euro investment. It will be

constructed by local companies Granit

and Beton.

p. 8

Source MK: http://www.dnevnik.mk/?ItemID=C372C52E854F7D40AF9BA26CED3C5DFC

Remark:

Underground cadaster: Telekom, Telekabel and Studenchica get deeds of title for cables, pipes Media

Makedonski telekom has registered 10 kilometers of copper cables; Telekabel has registered 10 kilometers of coaxial cables, Studenchica water supply company has registered its 100-km long pipeline, PE Strezhevo its ski-lifts in Bitola, while the

state got deed of title for the port in Ohrid. These are the first structures that are part of the cadaster of infrastructure facilities. The water pipeline of Hidro Boshava company has also been registered, alongside the first mortgage of 2.1 million euros.

p. 8

Source MK: http://www.dnevnik.mk/?ItemID=4B74E4216DCEA94BBE0A235F881F867F

Remark:

Due to the tourism crisis in Turkey dismissed hotel workers 40 % Media

p. 10

"The occupancy rate of hotels has fallen to some 30%, of the hospitality sector went 40% of employees", - RIA "Novosti" a written statement of the Association Timur Bayındır. He noted that the occupancy rate of hotels in Turkey decreased by 14% compared to

October 2015 year, amounting to 52% in October, and she barely exceeded 50% this year, for ten months, which is the worst figure in the European countries. It is particularly difficult situation in the hotel business has developed in Istanbul. "We see a significant decline in not only foreign but also local tourists. We predict that some of the hotels in Istanbul will have to close "- said Bayındır. (Source & more info: Cyplive)

Source MK: http://www.dnevnik.mk/?ItemID=3E0A726971815042A2D01CD18A872EDA

Remark:

Ukraine informs EU about readiness to sue because of OPAL decision Media

National Joint Stock Company "Naftogaz Ukraine" is ready to hold trilateral negotiations on gas with the Russian side and the European Commission on December 9. It was reported by the press service of the company on the Facebook page. "We reaffirm the readiness of the

Ukrainian side to hold a trilateral meeting in Brussels this Friday, December 9,” the statement said. It was previously planned to discuss issues of gas transit through Ukraine and gas purchase terms from "Gazprom" during the trilateral meeting. "Naftogaz Ukraine" does not buy gas from "Gazprom" since November 2015. (Source & more info: 112 UA)

p. 10

Source MK: http://www.dnevnik.mk/?ItemID=B0F22F8C01BCE14B83CEF9E4942764D6

Remark:

KASIS AD Skopje and MASTERCARD INTERNATIONAL INCORPORATE sign agreement on digital card payments Media

Kasis AD Skopje, Macedonia’s card processor, and Mastercard International Incorporate, the international card organization, signed an agreement pursuant to which Kasis AD Skopje has been issued a digital operator licence i.e. will be allowed to make digital card payments. This means that banks in Macedonia will soon be

able to learn something more about digital financial services.

Electronic publication

Source MK: http://vecer.mk/ekonomija/kasis-ad-skopje-i-mastercard-international-incorporate-potpishaa-dogovor-za-digitalni

Remark:

London to phase out diesel-based buses Media

Sadiq Khan has unveiled the world’s first double-decker hydrogen bus in London, as he committed to swiping the city clean of "dirty" diesel buses. The Mayor of London revealed that no more pure diesel double-deck buses will be added to the

capital’s fleet from 2018 and that all new single-deckers for central London will be zero-emission vehicles. The new hydrogen double-decker is at the forefront of green technology and will be tried out on London’s roads next year. (Source & more info: Get West London)

p. 10

Source MK: http://www.dnevnik.mk/?ItemID=CBC0C4E592A7D04EB2028CBC51FA0545

Remark:

Average purchase price of tobacco stands at over MKD 190 per kilo Media

Prilep-based tobacco growers are satisfied with this year’s tobacco price and the subsidies of 60 denars per kilo, covered by the government. While official data state that the current purchase price of tobacco is MKD 188.5 per kilo, some tobacco growers say they got a deal for MKD 196 per

kilo, expressing an expectation to have it grow to MKD 200 per kilo.

p. 10

Source MK: http://vecer.mk/ekonomija/tutunarite-godinava-se-ofajdija-od-tutunot

Remark:

Business News Bulletins Media

Trade union for industry, energy and mining against increase in retirement age: The trade union says a better, more sustainable solution is needed, and that competent bodies should make sure that the pensions, present and future, are paid regularly. Source MK:

Oil prices on Tuesday ended lower for the first time since OPEC agreed on Nov. 30 to cut output, as data showing record high production in the producer group fed skepticism that it would be able to reduce supplies.

Source MK:

The Commission welcomes Member States backing for plan to make free WiFi4EU available in public areas: Last Friday, Telecoms Council marked a first positive step towards providing free Wi-Fi connections in towns, cities and villages across Europe, according to an initiative announced by President Juncker in his State of the Union Address.

Source MK:

Erdogan’s call to citizens: Sell dollars for lira, gold: President Recep Tayyip Erdoğan called on Turkish citizens on Dec. 2 to convert their foreign exchange into gold or the Turkish Lira, adding that there was no option other than cutting interest rates to spur growth. Following his remarks in Ankara, the lira saw fresh lows against the U.S. dollar. Source

MK:

Source MK:

Remark:

SUMMARY of information about articles published in daily and weekly media

Economic Chamber promotes Handbook on exporting Macedonian products to Middle East, Maghreb countries Media

The Handbook contains useful information about the legislation, relevant economic parameters of Middle East and Maghreb Countries, these markets’ capacity to absorb exported products, and customs and traditions, bearing in mind that these

markets operate in a special manner, mostly based on the religious thought as a fundamental principle in everyday life. Markets of these countries serve over 400 million people, which is more than 5 % of the world’s population. “In addition, the markets have a high standard for business operations, standardized products and services,” said Mr. Gligor Cvetanov, president of the Business Club for Cooperation with Middle East and Maghreb Countries, part of the Economic Chamber of Macedonia, at a press conference held at the Chamber on Monday, 5 December 2016.

Source MK: http://www.mchamber.mk/(S(ipoys4vjnh45nhqyvsd1ia45))/default.aspx?lId=1&mId=55&evId=34321

Remark:

Citizens can relax - enforcement agents to follow new rules in debt-collection processes Media

As of 1 January 2017, enforcement agents will be following new rules in collecting debt from citizens incurred through unpaid utilities bills. Pursuant to the new rule, enforcement agents will collect an amount equal to that of the total debt - not higher, and will be allowed to block citizens’ accounts only after citizens have been issued

a warning and a deadline - a date until which citizens are allowed to pay the debt. The new Law on Enforcement will be applied starting 1 January 2017. Enforcement agents will have to notify the debtor of an existing debt prior to blocking his or her bank account, and must use the out-of-court debt collection system, allowing the debtor to pay an amount equal to that of the debt, and not a denar more.

p. 9

Source MK: http://vecer.mk/ekonomija/ushte-samo-chetiri-nedeli-pa-izvrshitelite-nema-da-blokiraat-smetki-bez-najava

Remark:

Federation of Trade Unions remind private companies of their obligation to pay holiday bonuses by the end of the year Media

p. 8

Electronic publication

The Federation of Trade Unions of Macedonia reminded private companies that they should pay their employees holiday bonuses by the end of this year. The Federation pointed out that the bonus should be at least 40 % of the basic wage; to be eligible for a bonus, an employee must have worked for the same company at least

six months. Workers who do not receive a holiday bonus can report this to the State Labor Inspectorate, or initiate a court process to protect their rights.

Source MK: http://vecer.mk/ekonomija/privatniot-sektor-do-krajot-na-godinata-da-isplati-k-15-0

Remark:

Drip irrigation, cattle breeds to receive 80 % return on investments Media

As of next year, the return on investments in drip irrigation systems and in procurement of certain breeds of cattle will amount to 80 %, informs the Agency for Supporting Agriculture Development. This possibility, together with other benefits offered through the Agency’s 2017 program, was presented to farmers

and owners of agri-businesses in Rankovce municipality.

Electronic publicatio

n

Source MK: http://vecer.mk/ekonomija/od-idnata-godina-80-otsto-povrat-na-investiciite-za-kapka-po-kapka-i-za-rasni-grla

Remark:

Macedonia: Four companies get grants for innovations Media

Four companies have been selected for to have their innovative projects funded through grants of up to EUR 30,000 within the third call of the Fund for Innovations and Technological Development. Company "Vision Dynamics" has received a grant for a system of developing 3D maps using a drone, which can be used for cadastre

and construction purposes and reduce time and cost for map creation. "Resin"- Laboratory for Industrial Innovations and Technology has created a magnetic CNC plasma drill for steel openings, cutting the time required for such operation by 30 times. (Source & more info: Independent.mk)

p.9

Source MK: http://vecer.mk/ekonomija/chetiri-kompanii-dobija-po-30000-evra-za-realiziranje-na-nivnite-inovativni-proekti

Remark:

Over 6000 tonnes of tobacco purchased in 20 days at average price of MKD 190 Media

p. 9

A total of 6040 tonnes of tobacco, or by 30 % more than the expected quantity, have been purchased between 15 November and 3 December i.e. in less than three weeks. The Ministry of Agriculture, Forestry and Water Economy informs that the average price of tobacco is MKD 190.15 per kilogram, and that the quantity mentioned above has been

purchased by eight buyers. So far, 46.44 % of the due payments have been completed - a total of MKD 533 million.

Source MK: http://vecer.mk/ekonomija/otkupeni-nad-6000-toni-tutun-prosechnata-cena-190-denari

Remark:

SSO: Construction cost indices for new apartment buildings Media

The main users of construction cost indices for new residential buildings are construction companies, which refer to the movement of construction costs in calculations when entering a construction contract. In the third quarter of 2016, in comparison with the third quarter of 2015, the construction costs for new residential buildings

decreased by 2.3%, the material costs decreased by 5.5%, whereas the labour costs increased by 5.9%. In the third quarter of 2016, compared to the second quarter of 2016, the construction costs for new residential buildings decreased by 0.2%, the material costs decreased by 1.3%, while the labour costs increased by 2.5%. (Source & more info: State Statistical Office)

p. 10

Source MK: http://vecer.mk/ekonomija/poniski-troshocite-vo-gradezhnishtvoto-za-novi-objekti

Remark:

SSO on external trade January - October 2016 Media

According to the preliminary data of the State Statistical Office, the total value of exported goods from the Republic of Macedonia in the period January-October 2016 amounted to 219 292 570 thousand denars, a 5.8% increase compared to the same period last year. The value of imported goods in the same period was

307 166 245 thousand denars, or 5.7% more than the same period last year. The trade deficit in the period January-October 2016 was 87 873 675 thousand denars. Import coverage by export in the period January-October 2016 was 71.4%. (Source & more info: State Statistical Office)

p. 10

Source MK: http://vecer.mk/ekonomija/razmenata-so-stranstvo-95-milijardi-dolari-izvozot-so-rast-od-58-otsto

Remark:

Balkan countries announce ‘tighter belts’, Macedonia also makes big

promises Media

Most of the Balkan countries are planning to reduce or stabilize their budget deficit so as to have a more stable level of public debt. Serbia has projected a lower budget deficit for the upcoming year, similarly to what Croatia is planning. The World Bank praised

Albania and Bosnia and Herzegovina for their approach to fiscal consolidation. Macedonia has announced plans for a lower budget deficit in 2017 and a commitment to fiscal consolidation in the upcoming years.

p. 8

Source MK: http://www.utrinski.mk/?ItemID=8E833B062552264D864B14C9D9979D16

Remark:

German analyst Eggert Hardten: It makes no sense to charge ‘EU entrance fee’ Media

If the purpose of the EU-proposed ETIAS system, which will be introduced starting 2020 and which should protect EU’s safety by introducing tighter control on borders, then it is illogical to force the Balkan countries to deal with the

consequences of this system, as these countries are not a source of threat. This is a summary of a statement German analyst Eggert Hardten gave for Dnevnik daily regarding Brussels’ decision to impose a 5-euro fee on non-EU citizens wishing to travel to the EU.

p. 2

Source MK: http://www.dnevnik.mk/?ItemID=D20DA0BBD287864ABBA79051556AC43C

Remark:

Transactions with foreign payment cards account for EUR 213 million in nine months Media

The latest data presented by the National Bank of Macedonia show that between January and September, holders of foreign cards in Macedonia spent, on average, 23 million euros every month. Transactions with foreign payment cards

peaked in August with EUR 45 million.

p. 6

Source MK: http://www.dnevnik.mk/?ItemID=D40CAAD3EB67194B910E07502DC48386

Remark:

Remittances in September stand at EUR 17.5 million; EUR 132 million Jan-Sep 2016 Media

In September, remittances in Macedonia amounted to EUR 17.5 million. Compared with other months in 2016, September had the highest amount of remittances. In the first nine months of 2016, remittances amounted to EUR 132

million. Remittances are part of the total private transfers that the National Bank uses to assess inflow and outflow of assets.

p. 6

Source MK: http://www.dnevnik.mk/?ItemID=75A5CBC689AE1C44A0AC53D3B8647A20

Remark:

Taxes and electricity prices: VAT, other taxes account for 15.3 % of the electricity price in Macedonia Media

Macedonia’s VAT and other taxes account for 15.3 % of the final electricity price, ranking the country sixth in Europe. Households in the UK and in Malta pay the lowest share of taxes in the final electricity price, a VAT of 4.7 % and 4.8 % respectively. No other taxes are charged as

part of the electricity price. The data have been presented by Eurostat.

p. 6

Source MK: http://www.dnevnik.mk/?ItemID=0D4A7870877A824B8E8A41294E2968F1

Remark:

Greece must reform or leave Eurozone, says German minister Media

Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance minister has insisted, ruling out debt relief for the country ahead of a crucial euro group meeting on Monday. As the finance ministers of member states using the

single currency prepared to discuss fiscal plans for the coming year, Wolfgang Schäuble in effect presented Greece with an ultimatum: either it must enforce unpopular structural reforms or exit the bloc. “Athens must finally implement the needed reforms,” he told the newspaper Bild am Sonntag in an interview published on Sunday. (Source & more info: The Guardian)

p. 8

Source MK: http://www.dnevnik.mk/?ItemID=B64A03327EB60348A38CB612EB5CC128

Remark:

US shoppers using mobile propel Black Friday online sales to $3bn Media

US shoppers using mobile phones to snap out bargains pushed online sales towards a record breaking $3.05bn on Black Friday, the annual retail bonanza after the Thanksgiving holiday. Mobile revenues alone were on target to exceed $1bn for the first time, with tablet devices and smartphones accounting for

57% of visits to retailer’s online stores, and 40% of all sales.

Source: FT Weekend

Remark:

Japan inflation hopes rise after US election result weakens yen against dollar Media

Prices in Japan are showing signs of bottoming out as the strength of the dollar since Donald Trump’s US election victory gives new hope in the fight against deflation. The headline consumer index recorded its first year-on-year rise

for eight months in October while the Bank of Japan’s preferred measure, which excludes fresh food and energy rose 0.5% compared with 0.2% a month earlier.

Source: FT Weekend

Remark:

rump’s bull run Media

The rally in US shares since the election signals an end to the Federal Reserve’s hold on market and the start of a pro-growth narrative. Even cautious investors say it would be foolish to fight the trend. All together now, the four big

US stock indices hit record highs this week, the first “grand slam” since 1999.

Source: FT Weekend

Remark:

ive ways for Britain to prosper after Brexit Media

Optimism has not been a defining feature of Britain’s national life recently. Barely a day passes without someone speculating about the negative impact of Brexit on business and the economy. Turbulent political times challenge not only our financial assumptions

but many people’s view of capitalism as a whole.

Source: FT Weekend

Remark:

Business News Bulletin Media

Applications for subsidies for interest rates on IPARD projects open today: The state will cover half of the interest rate. The application

process closes on 25 December. Source MK:

Greece opens path to offshore West Katakolon development: The Greek Ministry of Energy has agreed to convert Energean Oil & Gas’ exploration license for the offshore West Katakolon field into a 25-year

exploitation license. Source MK:

Price of oil: Russia vs. Kuwait: The Vienna-based newspaper Die Presse says Kuwait could function with an oil price of USD 47.8 per barrel i.e. have a balanced budget when oil price is set at this level. Source MK:

France’s withdrawal from the European Union (Frexit) would have

turned into a ‘nightmare’ for the country, as its economy largely depends on export capacity. Such opinion in radio station interview ‘Echo of Moscow’ was expressed by French Finance Minister Michel Sapin.

Source MK:

Belgrade stock exchange connects to SEE link trading platform: The Belgrade Stock Exchange became the fourth active member of southeast European securities trading platform SEE Link on Monday, SEE Link announced. Source MK:

Euro falls to 20-month low after Italy government’s referendum defeat. Source MK: Fakulteti

RFE/RL: Ukraine says it’s ready to join EU negotiations with Russia over gas: Ukraine is ready to join European Union talks on gas issues with Russia on Dec. 9, Ukrainian state energy company Naftogaz said on its

Twitter account on Dec. 5. Source MK:

Source MK:

Remark:

SUMMARY of information about articles published in daily and weekly media

Free-of-charge seminar on mediation takes place in Vinica Media

After the cycle of free seminars organized in Stip, Kavadarci, Kicevo, Ohrid, Prilep, Bitola, Skopje, Veles, Gevgelija, Kumanovo, Tetovo and Strumica which attracted more than 300 participants, the Economic Chamber of Macedonia and the Mediation Support Association visited

Vinica and organized another event dedicated to mediation on 30 November 2016, attended by about 25 businesspeople and other stakeholders interested in mediation that live in the district of Vinica and Kochani. The seminar in Vinica is part of the Chamber’s agenda to organize a cycle of events to promote mediation in the course of several months. At this seminar, the APM presented the advantages of mediation, the process as it is in the Republic of Macedonia under the current legislation, and the types of disputes that can be subject to mediation.

Source MK: http://www.mchamber.mk/(S(uco4vs45habuei55vmuzgku2))/default.aspx?lId=1&mId=55&evId=34319

Remark:

Economic Chamber of Macedonia organizes a training: EU programs and opportunities to fund projects in the private and public sector Media

As part of the partnership project between the Association of Industrial and Commercial Chambers of Germany and the chambers of commerce of CEFTA countries (DIHK-CEFTA), the Economic Chamber of Macedonia organized a one-day training to

inform Macedonian companies about current European programs and funding opportunities available to the public and private sectors. The training took place on 30 November 2016. The emphasis was on ways of making use of the EU programs available to the private sector in the Republic of Macedonia as an EU candidate country.

Source MK: http://www.mchamber.mk/(S(uco4vs45habuei55vmuzgku2))/default.aspx?lId=1&mId=55&evId=34318

Remark:

Savers in Makedonska Banka have not withdrawn deposits in the

amount of EUR 2.3 million Media

Former savers of Makedonska Banka have not withdrawn a combined sum of EUR 2.34 million. The Deposits Insurance Fund has been urging savers of this bank for some time now to make the necessary arrangements and take the money. The maximum amount each saver can

take is EUR 20,000. Namely, at the time when the bank was liquidated, there was an applicable regulation which set a cap on compensatory payments that may be paid to savers.

p. 8

Source MK: http://www.utrinski.mk/?ItemID=06B910226ACAEF418B6BD6862733477A

Remark:

Kam Food is negotiating a five-star hotel in Ohrid with a world-famous brand Media

p. 8

The Macedonian company Kam Food is in an advanced stage of negotiations with a famous hotel brand interested in building a five-star hotel on Ohrid’s coast. This is a big project and all aspects should be taken into account with great care. What is certain at this stage is that

Ohrid is going to get a state-of-the-art facility that meets the highest standards, putting the town on the map of famous hotel brands. The area is quite attractive, close to St. Stefan, with 6750 m2 of facilities and an area of 21,000 m2 in total. Last year, the company purchased the building of the former hospital for children for EUR 1.2 million.

Source MK: http://www.utrinski.mk/?ItemID=3C530313D05BF142970E86C6F681AB8F

Remark:

NLB Banka awarded at European Business Awards Media

NLB Banka has been selected as Macedonia’s national champion in 2016/2017 at the largest business competition, the European Business Awards. The ceremony took place on 01.12.2016 in Zagreb. The ceremony is taking place 10th year in a row. A total of 33,000 businesses from 34 European countries competed this

year. The purpose of this competition is to award Europe’s best practices and excellence in doing business, and in this way support the creation of a stronger, more successful business community.

p. 8

p. 9

p. 5

Source MK: http://www.utrinski.mk/?ItemID=D03F98756B0C6B4FA76287DF1E97F3C0

Remark:

Oil prices keep surging after OPEC hashes out a deal to cut production Media

On Wednesday in Vienna, the Organization of the Petroleum Exporting Countries reached a deal to cut their oil production by 1.2 million barrels per day in order to raise global prices. Global oil prices have surged 15 percent

since the announcement, with Brent crude rising from $46 per barrel up to

$53.77 per barrel by Thursday afternoon. That said, prices remain far lower

than they were back in 2014, before the market crashed. (Source & more

info: Vox)

p. 9

Source MK: http://www.utrinski.mk/?ItemID=CB9A873D750E2348BDA2C90F725306EE

Remark:

Holiday bonuses and extra wages: Macedonia vs neighboring countries Media

New Year’s bonuses - also known as Christmas bonuses or the so-called 13-th wage, are a very rare occurrence in Macedonia. In fact, very few if any companies have included an award for their employees for their efforts in the course of the year. Interestingly, the mandatory holiday bonuses that the government has introduced, which

generally should be paid before the summer holidays, are usually left for the final month of the year. Bonuses have moved into the ‘taboo topic’ category.

p. 10

Source MK: http://www.dnevnik.mk/?ItemID=9CDC7A180CB07B42873B94AABB899543

Remark:

Total of EUR 210 million invested in construction of apartment buildings Media

Last year, 5297 apartments were constructed in Macedonia, of which 1750 were two-bedroom apartments. A total of 1498 three-bedroom apartments were constructed, followed by four-bedroom (739) and one-bedroom (671) apartments. Some Macedonian households are also

interested in buying more comfortable living space, which is why 639 apartments with five or more bedrooms were constructed.

p. 10

Source MK: http://www.dnevnik.mk/?ItemID=0208719B38CC4043BD81C4B759AED4FA

Remark:

Companies advised to make sure annual service fee for fiscal cash registers are covered Media

Some companies have had their fiscal cash registers blocked for failure to make timely payment of the service fee. Fiscal cash registers with a GPRS device need to be serviced regularly - once in 12 months. Failure to do so cuts the register’s connection to the Public

Revenue Office. Companies in charge of providing the service have not given an official number of cash registers that have been disconnected so far, but inform that timely reminders have been sent to all users. The annual service fee ranges between EUR 30 and EUR 60.

p. 10

Source MK: http://www.dnevnik.mk/?ItemID=A43F643A0C73F143B1EFB5F5C8476DF3

Remark:

Real estate in Macedonia: One apartment in the center of Skopje costs as much as six in Sveti Nikole Media

p. 9

The prices of flats in Macedonia have been dropping over the past few years; nevertheless, this drop is so discrete that experts and analysts interpret it as stagnation. The latest report of the National Bank of the Republic of Macedonia shows that Q3 of 2016 prices of real estate dropped slightly, similarly to Q2. The index of prices dropped by 0.2 % in one year. These changes are in line with the downward revision of

prices of flats, both in the capital in Macedonia and in other towns, according to the central bank’s report.

Source MK: http://vecer.mk/ekonomija/so-parite-za-eden-stan-vo-centarot-na-skopje-se-kupuvaat-shest-vo-sveti-nikole

Remark:

FDI into Macedonia grows 29% y/y in Jan-Sept Media

Foreign direct investment (FDI) into Macedonia totaled 199.08 million euro ($211.4 million) in the first nine months of 2016, higher than 154.72 million euro a year ago, central bank data showed. Most foreign investments were absorbed by manufacturers of motor vehicles and

transport equipment, and by providers of financial and insurance services, according to the data published on Wednesday. The largest FDI inflow in the first nine months came from Germany and Turkey, which contributed 23.2 million euro and 23.1 million euro to the total, respectively. Italy followed with 12.4 million euro. In the third quarter of 2016, FDI inflow into the country totaled 56.1 million euro. Foreign direct investment into Macedonia totaled 216 million euro last year. (Source: SEE News)

p. 11

Source MK: http://vecer.mk/ekonomija/povolnata-biznis-klima-i-niskite-danoci-vo-makedonija-gi-privlekuvaat-investitorite

Remark:

Macedonian farmers should make sure they preserve traditional vegetable, fruit varieties Media

Farmers are introducing new varieties that are more resistant to droughts and diseases, are of better quality and therefore more competitive on the market. Nevertheless, this pushes traditional varieties on the margins of food production. Experts say that attention must be paid to level out the

introduction of new varieties with growing traditional varieties of fruit and vegetables.

p. 11

Source MK: http://vecer.mk/ekonomija/namesto-vkusen-domashen-jabuchar-kje-jademe-plastichni-domati

Remark:

SUMMARY of information about articles published in daily and weekly media

Free-of-charge seminar on mediation takes place in Vinica Media

After the cycle of free seminars organized in Stip, Kavadarci, Kicevo, Ohrid, Prilep, Bitola, Skopje, Veles, Gevgelija, Kumanovo, Tetovo and Strumica which attracted more than 300 participants, the Economic Chamber of Macedonia and the Mediation Support Association visited

Vinica and organized another event dedicated to mediation on 30 November 2016, attended by about 25 businesspeople and other stakeholders interested in mediation that live in the district of Vinica and Kochani. The seminar in Vinica is part of the Chamber’s agenda to organize a cycle of events to promote mediation in the course of several months. At this seminar, the APM presented the advantages of mediation, the process as it is in the Republic of Macedonia under the current legislation, and the types of disputes that can be subject to mediation.

Source MK: http://www.mchamber.mk/(S(uco4vs45habuei55vmuzgku2))/default.aspx?lId=1&mId=55&evId=34319

Remark:

Economic Chamber of Macedonia organizes a training: EU programs and opportunities to fund projects in the private and public sector Media

As part of the partnership project between the Association of Industrial and Commercial Chambers of Germany and the chambers of commerce of CEFTA countries (DIHK-CEFTA), the Economic Chamber of Macedonia organized a one-day training to

inform Macedonian companies about current European programs and funding opportunities available to the public and private sectors. The training took place on 30 November 2016. The emphasis was on ways of making use of the EU programs available to the private sector in the Republic of Macedonia as an EU candidate country.

Source MK: http://www.mchamber.mk/(S(uco4vs45habuei55vmuzgku2))/default.aspx?lId=1&mId=55&evId=34318

Remark:

Savers in Makedonska Banka have not withdrawn deposits in the

amount of EUR 2.3 million Media

Former savers of Makedonska Banka have not withdrawn a combined sum of EUR 2.34 million. The Deposits Insurance Fund has been urging savers of this bank for some time now to make the necessary arrangements and take the money. The maximum amount each saver can

take is EUR 20,000. Namely, at the time when the bank was liquidated, there was an applicable regulation which set a cap on compensatory payments that may be paid to savers.

p. 8

Source MK: http://www.utrinski.mk/?ItemID=06B910226ACAEF418B6BD6862733477A

Remark:

Kam Food is negotiating a five-star hotel in Ohrid with a world-famous brand Media

The Macedonian company Kam Food is in an advanced stage of negotiations with a famous hotel brand interested in building a five-star hotel on Ohrid’s coast. This is a big project and all aspects should be taken into account with great care. What is certain at this stage is that

Ohrid is going to get a state-of-the-art facility that meets the highest standards, putting the town on the map of famous hotel brands. The area is quite attractive, close to St. Stefan, with 6750 m2 of facilities and an area of 21,000 m2 in total. Last year, the company purchased the building of the former hospital for children for EUR 1.2 million.

p. 8

Source MK: http://www.utrinski.mk/?ItemID=3C530313D05BF142970E86C6F681AB8F

Remark:

NLB Banka awarded at European Business Awards Media

NLB Banka has been selected as Macedonia’s national champion in 2016/2017 at the largest business competition, the European Business Awards. The ceremony took place on 01.12.2016 in Zagreb. The ceremony is taking place 10th year in a row. A total of 33,000 businesses from 34 European countries competed this

year. The purpose of this competition is to award Europe’s best practices and excellence in doing business, and in this way support the creation of a stronger, more successful business community.

p. 8

p. 9

p. 5

Source MK: http://www.utrinski.mk/?ItemID=D03F98756B0C6B4FA76287DF1E97F3C0

Remark:

Oil prices keep surging after OPEC hashes out a deal to cut production Media

On Wednesday in Vienna, the Organization of the Petroleum Exporting Countries reached a deal to cut their oil production by 1.2 million barrels per day in order to raise global prices. Global oil prices have surged 15 percent

since the announcement, with Brent crude rising from $46 per barrel up to

$53.77 per barrel by Thursday afternoon. That said, prices remain far lower

than they were back in 2014, before the market crashed. (Source & more

info: Vox)

p. 9

Source MK: http://www.utrinski.mk/?ItemID=CB9A873D750E2348BDA2C90F725306EE

Remark:

Holiday bonuses and extra wages: Macedonia vs neighboring countries Media

New Year’s bonuses - also known as Christmas bonuses or the so-called 13-th wage, are a very rare occurrence in Macedonia. In fact, very few if any companies have included an award for their employees for their efforts in the course of the year. Interestingly, the

mandatory holiday bonuses that the government has introduced, which generally should be paid before the summer holidays, are usually left for the final month of the year. Bonuses have moved into the ‘taboo topic’ category.

p. 10

Source MK: http://www.dnevnik.mk/?ItemID=9CDC7A180CB07B42873B94AABB899543

Remark:

Total of EUR 210 million invested in construction of apartment buildings Media

Last year, 5297 apartments were constructed in Macedonia, of which 1750 were two-bedroom apartments. A total of 1498 three-bedroom apartments were constructed, followed by four-bedroom (739) and one-bedroom (671) apartments. Some Macedonian households are also

interested in buying more comfortable living space, which is why 639 apartments with five or more bedrooms were constructed.

p. 10

Source MK: http://www.dnevnik.mk/?ItemID=0208719B38CC4043BD81C4B759AED4FA

Remark:

Companies advised to make sure annual service fee for fiscal cash registers are covered Media

Some companies have had their fiscal cash registers blocked for failure to make timely payment of the service fee. Fiscal cash registers with a GPRS device need to be serviced regularly - once in 12 months. Failure to do so cuts the register’s connection to the Public

Revenue Office. Companies in charge of providing the service have not given an official number of cash registers that have been disconnected so far, but inform that timely reminders have been sent to all users. The annual service fee ranges between EUR 30 and EUR 60.

p. 10

Source MK: http://www.dnevnik.mk/?ItemID=A43F643A0C73F143B1EFB5F5C8476DF3

Remark:

Real estate in Macedonia: One apartment in the center of Skopje costs as much as six in Sveti Nikole Media

p. 9

The prices of flats in Macedonia have been dropping over the past few years; nevertheless, this drop is so discrete that experts and analysts interpret it as stagnation. The latest report of the National Bank of the Republic of Macedonia shows that Q3 of 2016 prices of real estate dropped slightly, similarly to Q2. The index of prices dropped by 0.2 % in one year. These changes are in line with the downward revision of

prices of flats, both in the capital in Macedonia and in other towns, according to the central bank’s report.

Source MK: http://vecer.mk/ekonomija/so-parite-za-eden-stan-vo-centarot-na-skopje-se-kupuvaat-shest-vo-sveti-nikole

Remark:

FDI into Macedonia grows 29% y/y in Jan-Sept Media

Foreign direct investment (FDI) into Macedonia totaled 199.08 million euro ($211.4 million) in the first nine months of 2016, higher than 154.72 million euro a year ago, central bank data showed. Most foreign investments were absorbed by manufacturers of motor vehicles and

transport equipment, and by providers of financial and insurance services, according to the data published on Wednesday. The largest FDI inflow in the first nine months came from Germany and Turkey, which contributed 23.2 million euro and 23.1 million euro to the total, respectively. Italy followed with 12.4 million euro. In the third quarter of 2016, FDI inflow into the country totaled 56.1 million euro. Foreign direct investment into Macedonia totaled 216 million euro last year. (Source: SEE News)

p. 11

Source MK: http://vecer.mk/ekonomija/povolnata-biznis-klima-i-niskite-danoci-vo-makedonija-gi-privlekuvaat-investitorite

Remark:

Macedonian farmers should make sure they preserve traditional vegetable, fruit varieties Media

Farmers are introducing new varieties that are more resistant to droughts and diseases, are of better quality and therefore more competitive on the market. Nevertheless, this pushes traditional varieties on the margins of food production. Experts say that attention must be paid to level out the

introduction of new varieties with growing traditional varieties of fruit and vegetables.

p. 11

Source MK: http://vecer.mk/ekonomija/namesto-vkusen-domashen-jabuchar-kje-jademe-plastichni-domati

Remark:

SUMMARY

of information about articles published in daily and weekly media

Agriculture sector: restructuring towards a modern, competitive and precise agriculture Media

Agriculture, including the subsectors for hunting, forestry and fishing, is the third largest sector, following the service sector and industries. Agriculture’s share in total GDP has remained relatively stable at around 10 % to 12 %; combined with the food

processing industry, the share rises to 16 % to 18 %. This information was pointed out at a press conference hosted by the Economic Chamber of Macedonia on 28 November 2016. It was pointed out that there was a lot of untapped potential in agriculture that could help this sector strengthen its share in GDP. The experts who addressed the press conference said despite the traditional relevance of this sector, changes were still slow, especially regarding the use of favorable weather (220 sunshine days per year).

Source MK: http://www.mchamber.mk/(S(cgrdhf550uonrnnrn43cgya4))/default.aspx?lId=1&mId=55&evId=34312

Remark:

Regional Chamber in Kavadarci holds working meeting with businesses from the region Media

The President of the Regional Chamber in Kavadarci, Mitko Jancev M.A., and the Finance Minister of Macedonia, Kiril Minoski M.A., held a working meeting with representatives of regional businesses at Feni Hotel

in Kavadarci. The Mayor of Kavadarci Municipality, Mr. Aleksandar Panov, also attended the meeting.

Source MK: http://www.mchamber.mk/(S(cgrdhf550uonrnnrn43cgya4))/default.aspx?lId=1&mId=55&evId=34311

Remark:

Regional Chamber in Bitola: Visit to Tirana fair Klik Expo 2016 Media

On 25 and 26 November, representatives of the Regional Chamber in Bitola paid a working visit to the fair Klik Expo 2016 taking place in Tirana, Republic of Albania. The visit is part of the efforts to increase businesses’ regional outreach and cooperation. The business delegation used this opportunity to meet with representatives of the Chamber of Commerce and Industry Tirana.

Source MK: http://www.mchamber.mk/(S(cgrdhf550uonrnnrn43cgya4))/default.aspx?lId=1&mId=55&evId=34310

Remark:

Prespa-based export-oriented companies learn about export insurance, factoring Media

The Regional Chamber in Bitola and the Macedonian Bank for Development Promotion (MBDP) organized a presentation on possible ways of reducing export risks related to non-collection of payments by using factoring and export insurance. The presentation took place in the administration

building of Resen Municipality. MBDP representatives presented in detail the features of trade credit insurance to a group of 15 representatives of export-oriented companies.

Source MK: http://www.mchamber.mk/(S(cgrdhf550uonrnnrn43cgya4))/default.aspx?lId=1&mId=55&evId=34313

Remark:

Banks sell mortgages totaling 50 million euros in three years Media

In three years, assets that banks have obtained through foreclosure on mortgages have shrunk by 50.6 million euros. Data provided by the National Bank of the Republic of Macedonia show that at the moment, banks foreclosed assets show a drop

of 39.3 % relative to three years ago. The value of these assets, a sum of the starting prices, stands at 78 million euros, or 31.8 million euros if claims are deducted. In 2013, foreclosed assets spiked in value. However, the same year saw the adoption of a regulation obliging banks to cut the value of this property by 20 % every year.

p. 8

Source MK: http://www.dnevnik.mk/?ItemID=4ABFF143C399AC4D8439A69AA5B474B3

Remark:

Macedonian companies consume a lot of gas at low prices Media

In the past 12 months, the price of natural gas in Macedonia used by industrial facilities dropped by 33 %. This means that Macedonia, just as Serbia, has seen the steepest decline in gas prices in Europe. For many years, Macedonia was one of the

countries with the highest gas prices in Europe, mostly interpreted as a consequence of low consumption. However, in the first six months of this year, factories and other industrial consumers paid a price of 0.025 euros per KWh of natural gas, which is the lowest price in Europe.

p. 8

Source MK: http://www.dnevnik.mk/?ItemID=3F93CC4191D5D6469855F03B1D399DB3

Remark:

Avian influenza spreads across Europe: Ban on imports from Austria, the Netherlands, Denmark and Sweden Media

The Food and Veterinary Agency has banned the import and transit of game birds, poultry, and poultry-related products originating from regions in Austria, the Netherlands, Denmark, Sweden and Israel. This ban follows the ban on poultry imports from regions in Croatia,

Hungary and Poland. The protective measure is introduced as a safety measure against the avian influenza spread.

p. 8

Source MK: http://www.dnevnik.mk/?ItemID=ED8CB120BE183A468B1115E8E00C4383

Remark:

India launches new tax evasion amnesty scheme to unearth unaccounted cash Media

Finance Minister Arun Jaitley on Monday unveiled a scheme to give tax dodgers another chance to come clean, as he sought to bring billions of dollars worth of undeclared income into the mainstream economy. The move follows Prime Minister Narendra Modi's decision

to scrap 500-rupee and 1,000-rupee banknotes in a bid to flush out cash earned through illegal activities, or earned legally but never disclosed. (Source & more info: Reuters)

p. 10

Source MK: http://www.dnevnik.mk/?ItemID=8682B0BDBC405247A965AE12D9D1F554

Remark:

Ministry of Agriculture: Tobacco purchase in Delcevo region kicks off with average price of 186 denars per kilo Media

p.

The purchase of tobacco in Pijanec region kicked off without any problems. The average price on the first day was MKD 186 per kilogram. Three companies are purchasing tobacco on Delcevo’s territory: Dalija Tabak, Soko Tab and Alliance One. They have signed a total of 60 tobacco purchase agreements. This

year, 14.2 hectares were under tobacco. About 25 tonnes of tobacco are expected to be purchased. The first-class tobacco is sold at MKD 274 per kilo, second-class at MKD 192 per kilo, third-class at MKD 142 per kilo, and fourth class at MKD 54 per kilo.

Source MK: http://vecer.mk/ekonomija/otkupot-na-tutunot-vo-delchevsko-pochna-prosechnata-cena-186-denari

Remark:

Enforcement agents collect nearly EUR 9 million per month Media

On average, enforcement agents

collect a total of EUR 9 million per

month from natural and legal

persons. The collection of payments

lasts, on average, more than one

year. Data provided by the Chamber

of Enforcement Agents of Macedonia

show that between January and September 2016, enforcement agents

collected about EUR 75.4 million from bank accounts of citizens and

companies. This is by EUR 2.5 million less compared to the same period last

year. Each month, enforcement agents collected by about EUR 8.5 million.

p. 8

Source MK: http://www.utrinski.mk/?ItemID=F2A6B36541F0A8448394FB5283D4B5E4

Remark:

German economy in hiring boost Media

A poll of the Association of German Chambers of Industry and Commerce (DIHK) revealed Monday that companies across the nation were planning to hire a total of 450,000 new employees in the course of next year. Citing the results of the survey,

Germany's "Bild" daily said the biggest appetite for new staff was recorded in health care, nursing and education where 150,000 people were expected to be hired in 2017. Another 100,000 jobs will be added in the retail and catering sectors. (Source & more info: Deutsche Welle)

p. 9

Source MK: http://www.utrinski.mk/?ItemID=6087C80C81E1164FA323DC440EA72ECC

Remark:

State Statistical Office on industrial producer price indices on domestic market Media

According to the State Statistical Office data, in October 2016, the Industrial producer prices on the domestic market were lower by 0.1% at the monthly level and by 0.2% at the annual level. In October 2016, in comparison with September 2016, the Industrial producer prices on the domestic market decreased in the groups Intermediate goods, except energy

by 0.2%, Energy by 0.1%, Capital goods by 0.1% and Non-durable consumer goods by 0.1%, while in the group Durable consumer goods the prices remained at the same level. In October 2016, in comparison with October 2015, the Industrial producer prices on the domestic market decreased in the groups Intermediate goods, except energy by 3.3% and Non-durable consumer goods by 0.1%. (Source: SSO)

p. 10

Source MK: http://vecer.mk/ekonomija/ceni-na-proizvoditelite-na-industriski-proizvodi-na-domashniot-pazar-se-poniski-za-01

Remark:

MEPSO to invest EUR 130 million in transmission grid Media

“MEPSO plans to modernize and improve the capacity of the national transmission grid by investing EUR 130 million in mid-term investment project,” said MEPSO General Manager Nenad Jovanovski in an interview with the renowned information service Energetika.net, part of Montel Group - the largest European energy

information service.

p. 9

Source MK: http://vecer.mk/ekonomija/jovanovski-mepso-kje-investira-130-milioni-evra-vo-prenosnata-mrezha

Remark:

Business news bulletin Media

● Gasoline, diesel prices upped: Gasoline and diesel retail prices increase by MKD 1.52 as of Monday midnight, the Energy Regulatory Commission

(ERC) has decided. Source MK: , ; Source EN: Independent.mk ● UK government faces fresh legal battle over UK membership of single market: A pro-single market think tank, British Influence, has said it is writing to Brexit Secretary David Davis to inform him that it is seeking a judicial review of the Government's stance that the UK's membership to the European Economic Area (EEA) will end when it leaves the EU. Source MK:

; Source EN: Evening Standard ● Nine countries in the world have over one million millionaires: Credit Suisse informs that there are 32.9 million millionaires in the world, 13.5 million of whom are from the USA. Source MK: ● Organic production subsidies application deadline ends on 30 November: Organic producers should apply for subsidies by 30 November

at the latest. Farmers who are in organic production receive subsidies higher by 30 % to 100 % for the products they make. Source MK: ● Ongoing battle for Makpetrol’s shares: While the takeover attempt Balkan Petroleum had for Makpetrol has been put on hold and its future cannot be predicted, the company’s shares are being traded at large on the Macedonian Stock Exchange. Source MK: eMagazine ● MSE public auction of shares kicks off: The Macedonian Stock Exchange launched Monday a public shares auction where packages of regular shares are offered by the Agency for Seized Property Management. Source: Makfaks

Makfax

eMagazin

Source MK:

Remark:

Volkswagen will axe 30,000 jobs in drive to reduce costs after emissions scandal Media

Volkswagen has revealed plans to cut 30,000 or 5% of its work force by 2020 as its underperforming VW brand, as Europe’s biggest carmaker seeks to reduce costs and focus on investment in electric vehicles following the

diesel-emissions scandal.

Source: FT Weekend

Remark:

Obama backs extensions of EU sanctions against Russia Media

President Barack Obama and EU leaders agreed yesterday to keep economic sanctions imposed on Russia over the Ukraine crisis as they put on a show of transatlantic unity on the US leader’s farewell trip to Europe. On Ukraine, the six government’s heads meeting in Berlin said sanctions on Russia must

remain until the Minsk peace accord agreed in 2015 was implemented.

Source: FT Weekend, p2 of Nov 20th, 2016 issue. Web page link: n/a

Remark: URL not applicable

Oil groups warned over failure to embrace renewable energy Media

Oil companies risk being left behind in the transition to low-carbon energy, according to a report that says the industry is not investing enough in green technology. Growth in demand for oil will slow to an annual average of .5 percent in the next

20 years, while renewable energy output could expand almost fivefold, according to the study published yesterday. Similar forecasts have been heard before but this one will carry weight with oil companies because it comes from one of the industry’s leading research providers.

Source: FT Weekend

Remark:

S stock funds attract record inflows Media

Investors bet on Trump boost for the economy as more than $30bn flows in. A record amount of cash flowed into US stock funds this week after the presidential election, underlying the renewed appetite for equities at the end of a year that has been dominated

by ahistorical rally in bonds. More than $30bn flowed into US stock funds according to data from EPFR. The financial, healthcare and industrial sectors-those that analyst and strategist have highlighted as likely beneficiaries under the administration of Donald Trump-all say record weekly inflows.

Source: FT Weekend

Remark:

Greenback’s post-election surge leaves investors pondering how high it can go Media

The dollar’s post-election surge has investors contemplating not whether they have overdone the rally but just how far the greenback can rise and how quickly it will get there. A series of currency landmarks, which not long ago investors

thought too dismantle to worry about, have been trampled by the dollar relentless match. The euro felt below $1.06, the yen weakened towards Y111 against the dollar while the offshore renminbi felt below CHN6.9

Source: FT Weekend

Remark:

SUMMARY

of information about articles published in daily and weekly media

Economic Chamber of Macedonia and Vienna Institute for International Economic Studies agree to work on scientific and research paper to detect development potentials and factors of limitation in Macedonia's economy

Media

On 25 November 2016, the Executive Director of the Economic Chamber of Macedonia, Jelisaveta Georgieva, PhD and the Executive Director of the Vienna Institute for International Economic Studies, Dr. Elisabeth Hagen, signed today in Vienna an agreement, in the

framework of the established inter-institutional cooperation, on the basis of which the Vienna Institute is going to perform analyses and develop a scientific and research study on the potentials for development and factors of limitation in the Macedonian economy, by looking closely at the fundamental economic indicators showing the private sector's share in the national economy. Dr. Vladimir Gligorov, Senior Economist at the Vienna Institute, also attended the agreement-signing event. Dr. Gligorov is going to be at the helm of the research team, providing his expertise in Balkan countries and experience in researching the long-term growth of transition countries, macroeconomic analyses and financial markets. (More info: Economic Chamber of Macedonia)

Source MK: http://www.mchamber.mk/(S(jkp1imug3ivepgnddttdruff))/default.aspx?lId=1&mId=55&evId=34306

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Managers & Entrepreneurs Club launches module on change management in organizations Media

On 25 November 2016, the Managers & Entrepreneurs Club launched a module of lectures on change management in organizations, delivered in association with Natasa

Aleksovska. Ms. Aleksovska is the founder and business consultant in the company “Vivendum Ratio Solutions”. Club members had the chance to learn about efficient use of resources, ways to minimize risks and cut operating costs, thereby improving an organization’s prospects for better financial results.

Source MK: http://www.mchamber.mk/(S(jkp1imug3ivepgnddttdruff))/default.aspx?lId=1&mId=55&evId=34309

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Regional Chamber in Kavadarci: EU’s 2007-2013 cross border cooperation program Media

On 24 November 2016, the Regional Chamber in Kavadarci participated in a workshop in Edessa, Greece, organized within the project “Business information and innovation center and MICE activities”, financed through the EU’s 2007-2013 cross border cooperation program. Around 15

companies from Kavadarci attended the workshop.

Source MK: http://www.mchamber.mk/(S(jkp1imug3ivepgnddttdruff))/default.aspx?lId=1&mId=55&evId=34308

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IMF: Macedonia’s road network in poorer shape compared with that of countries with similar incomes Media

Macedonia’s road network is of a poorer quality compared with other countries with a similar level of incomes, points out the International Monetary Fund in its latest report on Macedonia, in a special section on investments in infrastructure. The IMF believes Macedonia should work on

improving its road and railroad infrastructure. The Fund also says that large public projects have led to a rapid increase of the public debt. Although the public debt is still not a grave cause of concern, it could still lead to fiscal risks.

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Source MK: http://www.utrinski.mk/?ItemID=875521FA3CCEFA4B9034916F32AC6B60

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Poultry farmers remain alert as spread of avian influenza continues Media

The Food and Veterinary Agency has urged poultry farmers to be more alert after official information that several European countries and countries from the region had registered cases of avian influenza. The Agency has requested that veterinarians report any increase in the mortality patterns of poultry or unusual deaths in migrating birds. The Agency

also informs that this disease can also spread to mammals.

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Source MK:http://www.utrinski.mk/?ItemID=B89643D789E02348B4B22F39103081BE

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State Statistical Office on 2011 - 2015 prices Media

Last year, an average salary in Macedonia equaled 47 loaves of bread, 88 liters of cooking oil, 280 kilograms of sugar and 59 liters of fuel more than in 2011. However, citizens could buy 247 eggs and 15 hamburgers less than in 2011. This

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has been presented in the latest set of data analyzed by the State Statistical Office. A special chart shows the inflation growth and drop between 2011 and 2015.

Source MK: http://www.dnevnik.mk/?ItemID=54D73F5DEE50BE448D5B4A0CFEF2A8D2

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National Bank of Republic of Macedonia presents 2017-2018 projections Media

In 2017 and 2018 credit growth will range between 6 % and 7 %. Savings projections are more optimistic, as the central bank expects deposits’ growth to range between 7 % and 8 %. However, this year’s political crisis has slashed deposit growth to a mere 2.6 %. The National Bank projects good credit

growth and continuation of positive tendencies that began in previous years.

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Source MK: http://www.dnevnik.mk/?ItemID=2DCCFD2D3EFD9F4A836FC1B9BC461C61

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Clear labels: Palm oil in cheese, artificial vinegar to be sold on separate shelves Media

Artificial vinegar, imitation cheese, rakija that has not undergone fermentation and many other products will be sold on separate racks in supermarkets across the EU. The proposal comes from Bulgaria as the country has reported case of artificial

vinegar being sold in the same spot as vinegar produced in healthier ways, which confuses consumers. The Macedonian Food Agency says a rulebook has been in force for some time now, stipulating that these products must be sold separately.

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Source MK http://www.dnevnik.mk/?ItemID=AD21EE71ECAE7E419C2166E7F22C8281

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Mobile payments soar as Europe embraces new ways to pay Media

According to Visa’s 2016 Digital Payments Study, the number of consumers regularly using a mobile device – whether a smartphone, tablet or wearable – to make payments has tripled in the past year. Currently, 54% of consumers surveyed regularly use a mobile

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device to make payments for a range of activities, compared to just 18% who were asked whether they used mobile payments to pay for everyday goods and services when the same study was conducted last year. The study, which surveyed more than 36,000 online consumers in 19 European countries, reveals how consumer adoption of digital payments has shifted dramatically in the last 12 months. (Source & more info: Visa)

Source MK: http://www.dnevnik.mk/?ItemID=6CAAA1AF2FDEB3429065625BCB892AA8

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Cooperatives reduce farmers’ overall costs Media

Cooperatives provide many advantages to farmers, including better competitiveness, lower operating costs, access to new markets, and joint machinery investments, to name just a few. This year, producers in Macedonia established 10 new associations so as

to consolidate land and increase the overall profitability of their production. In addition, cooperatives help farmers share ideas and knowledge.

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Source MK: http://www.utrinski.mk/?ItemID=C5AC87218E7AA7488C5DBB38E035DA49

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Rice yields drop to lowest levels in past two decades Media

This year’s rice yield is lower by about 2000 kilograms per hectare relative to the yields in previous years. Over the past few years, Macedonia grows rice on about 5000 hectares, of which over 85 % is in the region of Kocani, more specifically in the municipalities Kocani,

Cesinovo-Oblesevo and Zrnovci. Farmers knew that this year’s rice yield would be lower ever since October, when rice harvest kicked off. The expectation was to get about 15,000 tonnes of rice; the reality was merely one third of this quantity.

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Source MK:http://www.utrinski.mk/?ItemID=B5EC86402646D943B2B6DA46749811F0

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Holiday bonuses: not a matter of if, but rather when and how much Media

Just like in the past two years, private sector workers are entitled to holiday bonuses this year as well. Companies will have the chance to decide on the amount of holiday bonus they pay to their workers depending on the financial condition in which each company is in.

Some companies have already paid holiday bonuses to their employees, but the majority is still trying to fit these payments into the annual calculations.

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Source MK: http://www.utrinski.mk/?ItemID=C9019DFF5EE76749B1F73F9ACEDD702B

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ILO study highlights shrinking middle class in Europe Media

The middle class in Europe shrank by 2.3 per cent between 2004 and 2011 and, according to the latest available data, the drop has continued since then, a new ILO comparative study finds. According to the new volume Europe’s Disappearing Middle Class?

Evidence from the World of Work, the decline is even deeper in countries such as Germany and Greece. The study is co-published by the ILO and Edward Elgar Publishing in the context of a project supported by the European Commission. (Source & more info: ILO)

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Source MK: http://www.dnevnik.mk/?ItemID=D1ADC5DF9A735E4695CEEA83946E104A

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Light, water and heat are a luxury for millions in Spain Media

Last year, according to Spain's National Statistics Institute, 10.6 percent of Spaniards were unable to properly heat their homes -- or more than four million people -- compared to just 5.9 percent in 2008, when an economic crisis kicked off. At fault are the economic

crisis and widespread loss of jobs it caused, as well as a 30- to 50-percent rise in utility prices since 2006. (Source & more info: AFP)

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Source MK: http://www.dnevnik.mk/?ItemID=9115A0C4B6AEC84A9B99E2091912D6FC

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Ohrid to attract tourists together with Thessaloniki, Belgrade and Plovdiv Media

Congress tourism is blooming in Ohrid and Struga in the course of November. Tourism workers say hotels are fully booked with tourists who travel there to attend workshops, seminars, and other events for professional development. Ohrid has a lot to offer

and is experienced in attracting tourists.

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Source MK: http://vecer.mk/ekonomija/odime-na-seminar-ili-na-kongres-vo-ohrid

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Farmers are aware of advantages provided by ICT use: Software in agriculture cuts production costs Media

Farmers and agricultural companies will improve profits and competitiveness by using information technologies, while simultaneously reducing operating costs. In addition, through ICT, famers will be informed at all times about the profits and receive real-time purchase-related data. Software solutions give farmers the chance to project their production,

undertake adequate actions, and make quality decisions on what actions to take.

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Source MK: http://vecer.mk/ekonomija/koristenje-na-softver-vo-zemjodelstvoto-kje-gi-namali-troshocite-

na-proizvodstvo Remark:

Could we afford Swedish working hours? Media

Shorter working hours is becoming a popular topic around the world, and many developed countries are already applying this new organizational approach. Sweden has introduced the six-hour working week so as to reduce the number of days workers take as sick leave, improve productivity, and save money.

Companies can employ more people to address rising volume of operations, and keep salaries on the same level. Experts believe this model would not work in Macedonia and result in less-than-favorable consequences.

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Source MK: Nova Makedonija daily Remark:

News bulletin Media

FINLAND invests in Hyperloop, the world’s fastest transportation system: US company Hyperloop One has the capacity to enable passengers to travel from Stockholm to Helsinki in just 28 minutes at 1200 km/h. Source MK:

ТRAVEL ROUTES TO ATTRACT MORE VISITORS: NGOs in the border region

between Macedonia and Bulgaria will be looking for new travel routes in Eastern Macedonia and the region around Blagoevgrad in a bid to create a new offer as part of the project on sustainable tourism development as a way to improve cross-border cohesion and collaboration, financed through

IPA funds. Source MK:

Macedonia presented at rural tourism fair in Serbia. The Agency for Tourism Promotion and Support has promoted Macedonia’s rural tourism at a trade

fair in Kragujevac, Serbia. Source MK:

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