13th February 2025, Skopje – The delivered performance unquestionably speaks in favour of the Government’s efficient operations. Despite actions being taken, there are still ongoing issues to be resolved with measures, which will be made public, Deputy Minister of Finance, Nikolche Jankulovski highlighted at his TV Telma’s guest appearance.
With respect to the measures managing inflation, the Deputy Minister said that the developments identified on the field are to be analyzed by the State Market Inspectorate, which information is to be forwarded to the Government so as to determine the underlying cause of such margins and make amendments to the Law on Unfair Trade Practices, if necessary.
“A 12-month period is required for implementing the Law on Prohibition of Unfair Trade Practices, i.e. keeping tracks of the margin trends, month by month, in view of getting the weighted value thereof. This implies if the starting date is 1st January 2025, we will only have insight as late as 31st December 2025, whether the Law was observed or not. However, we cannot afford that time and allow the manufacturers, distributors and markets themselves to set their own margins, the Deputy Minister said.
He announced that a working group has already been formed, with a hands-on approach when reviewing all indicators and relevant oversight conclusions, thus coming up with the right solution.
Regarding the support being extended to the companies under the Hungarian Loan Facility, Jankulovski pointed out that the business sector has obviously earned the right to Budget support, being by 30% higher compared to last year, as well as the affordable financial resources under the Hungarian Loan Facility.
He believes that the companies are to use these funds, by investing them in fixed assets, new technologies and facilities, thus boosting and intensifying the economic activity, all to the end of cushioning any potential adverse impact from the developments in the German economy.
Municipalities will also enjoy a continued support, the Minister said, pointing out that Denar 77 million has already been transferred for implementing the projects under the first public call, and that EUR 1 billion will be invested for the sake of the local development in the upcoming 4-year period.
