The world economic crisis, its impact on the Macedonian economy and Governmental anti-crisis measures

Stojanovska-Stefanova, Aneta (2014) The world economic crisis, its impact on the Macedonian economy and Governmental anti-crisis measures. Political Thought, 12 (47). pp. 73-80. ISSN 1409-9853

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Once it felt the first signs of the global economic crisis, the Macedonian government
took measures to ease the effects and remove the damages that would be caused
by the crisis. So far the Government of the Republic of Macedonia has promulgated
four packages of anti-crisis measures.
Thanks to these measures, the forecasts of the international institutions for the
economic situation in Macedonia were optimistic and encouraging.
The measures of the fi rst package in the amount of 330 million euros were aimed
at enterprises with impaired liquidity and multiple problems of the past, but also at
companies that work profi tably (through exemptions in income tax, lower customs
and social contributions, reduced taxes for farmers, etc.). Thanks to these measures
the collapse of a number of economic entities and the job losses for thousands of
workers were prevented.
The second and third package included 70 anti-crisis measures that related to three
segments: 1) rebalance of the budget, 2) credit support to enterprises through a
credit line from the EIB in the amount of 100 million euros, and 3) other measures
to support the enterprises. The fourth anti-crisis package included 24 measures
related to the areas of tax policy, credit policy, agricultural policy, property-legal
issues, agriculture, construction, social policy and measures in the field of the
regulatory guillotine.

Item Type: Article
Subjects: Social Sciences > Economics and business
Social Sciences > Law
Social Sciences > Political Science
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Aneta Stojanovska
Date Deposited: 01 Dec 2014 11:58
Last Modified: 01 Dec 2014 11:58

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