Skopje, 24th July 2015 (MIA) – Reduction of fines for domestic companies along with many other adopted measures make Macedonia one of the countries with the best business climate in Europe, also providing for Macedonian economy to further achieve good results, Deputy Prime Minister and Minister of Finance, Zoran Stavreski said today.

By reducing the fines for companies, as he pointed out, the Government has fulfilled its promise given to domestic companies, thus contributing to further improvement of their working climate. Fines will be drastically reduced, which is above all, significant for small- and medium-sized enterprises.

– Fines will be lower from six to seven times for small-sized companies and from two to four times for medium-sized companies, meaning that if the fine is to be imposed, this will not significantly affect the companies’ operations, Stavreski told reporters during his visit to the Macedonian Chambers of Commerce.

Purpose of the fines, as he said, is not affecting the operations of the companies but only warning those violating the law to both make corrections as regards their operations and continue working. This goal will be achieved in this manner, by determining the fines in proportion to the size of companies.

-“Warning” principle will be more applied as a result of the amendments to the Law on Misdemeanors, meaning that there will be no fines for the minor misdemeanors, but the companies will be rather warned to both make corrections as regards their operations and continue working, Stavreski said.

According to the President of Macedonian Chambers of Commerce, Daniela Arsova, initiatives of Macedonian Chambers of Commerce to improve business climate as part of the set of measures in 2013, are being adopted contentiously by finding ways for their integration. – Package of legal changes, in particular amendments to the Law on Misdemeanors passed in the Parliament, have provided for significant reduction of the severe fines the companies faced  in the past years, Arsova said.

Council of Presidents of Chambers, as Arsova said, declared the Construction Chamber as the leading Chamber for 2015.

Also available in: Macedonian

Comments are closed.

Close Search Window