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16th February 2021, Skopje – Companies will be exempted from repaying the funds under the measure for wage financial support for the months of February and March, should they invest the funds in development and growth in the coming period, regardless of whether they generate profit or loss at the end of the year. Minister of Finance, Fatmir Besimi, announced at the press conference on Tuesday, at which the fifth set of anti-crisis measures was presented.

Under the measures for wage financial support for the months of February and March, Denar 1.92 billion is envisaged. It is expected for 60,000 employees to be covered monthly. The financial support will be scalable, amounting from Denar 14,500 to Denar 21,776 per employee.

Criteria to apply for this measure is the economic performance, i.e. revenue decline in November and December 2020 and January 2021, compared to the same months in 2019, i.e. 2020.

– Laws related to the payment of wages for the months of February and March were adopted to the Government today. Prior measure for payment of wages required for the companies showing positive financial results to repay the financial support from their profit, while those showing no profit in the course of 2020 were fully exempted from repaying the financial support should they settle all public duties. Novelty under this set of measures, focusing on recovery and economic growth, is that regardless of whether the companies show profit or loss, they, pursuant to the law, are obliged to repay 50% of the subsidies next year, unless they invest the respective funds in growth and development in the coming period. In the latter case they will be fully exempted from their repayment. Focus of this set of measures is on investments and development, in addition to the support for recovery of both the economy and the private sector, Besimi said.

Also available in: Macedonian Albanian

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