Macedonia on track to clear debt arrears to corporate sector by end-Feb.

By bne IntelliNews February 21, 2013
The repayment of government arrears owed to local companies is advancing according to the plans and will be completed by the end of this month, state news agency MIA reported quoting deputy PM and minister of finance Zoran Stavreski. The governments liabilities for VAT returns and contracted work have been cut to EUR 10mn as of yesterday, Feb 20. The repayment was launched in mid-September 2012, when the arrears totalled EUR 92mn. Stavreski commented that the companies liquidity has improved.

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss