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Investment opportunities in Macedonia at the annual investment summit in Dubai

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Economy Minister Kreshnik Bekteshi, from the 9th to 11th of April, participates at the eighth edition of the Annual Investment Summit in Dubai, UAE, under the auspices of His Majesty Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the UAE and Prime Minister of Dubai. 

It is an annual gathering that is the leading global platform for foreign investments, whose annual theme is “Linking Developed and New Foreign Direct Investment Markets – Partnership for Inclusive Growth and Sustainable Development”, which brings together several tens of thousands of participants from public and private sector from over 100 countries, including representatives of ministries and government scientific public, chambers of commerce, industrial and economic zones, banks and financial institutions, startups and small and medium enterprises. 

Minister Bektesi, within the rich program, presented the possibilities for investing in the Republic of Macedonia and the economic situation of the country and realized numerous meetings with interested investors. During the visit, Bekteshi met with the renowned entrepreneur Ph.D. B.R. Sixth, one of the most successful global businessmen and one of the richest people in the United Emirates, where he is present with many companies and factories in various sectors. 

Albanian Minister of Economy, “No price increase, no cost for entrepreneurship”

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Minister of Finance and Economy, Arben Ahmetaj said today that the inclusion in the VAT filing scheme for business running over 2 million Lek a year is not a new tax. During a media interview with the media in the process of informing small businesses included in the VAT filing scheme, Ahmetaj emphasized that by the end of December 2018 there will be no penalties for those businesses who have erroneously fulfilled the VAT declaration agency.

The Minister said that surveys were conducted all over Albania and the cost for business has been modest since the application of this scheme, so price increases are unjustified. He announced that there are 9900 small enterprises included in the declaration scheme, while 60 thousand businesses that make $ 2 million a year do not have the obligation to declare VAT.

China and its retaliation against the US

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A drawback in purchases – or a fire-sale – of US Treasuries could devastate the global economy if China presses the red button. Tariffs will hurt, certainly. The biggest trade powers engaged in a protectionist tit-for-tat will end badly for the entire global economy. But Cui’s not-so-veiled threat is something bigger. There, in June 1997, then-Japanese Prime Minister Ryutaro Hashimoto was giving a rather dry speech about economic cooperation. That was until the question-and-answer period, when he suggested Tokyo might sell Treasuries holdings if Washington didn’t reduce dollar-yen volatility. “Several times in the past we have been tempted to sell large lots of US Treasuries,” he said. The issue flared up anew in August 2011. Beijing was unhappy with then-US President Barack Obama’s perceived closeness to Taiwan. That had policy wags mulling creative ways to get the White House’s attention, including using Beijing’s vast dollar holdings as leverage. “Now is the time,” the state-run People’s Daily argued in an editorial on the topic, “for China to use its financial weapon to teach the US a lesson.” 

Trump talks with Macron and Merkel about China trade practices

in AMERICAS/ECONOMY by

U.S. President Donald Trump discussed trade practices with China in calls on Tuesday with French President Emmanuel Macron and German Chancellor Angela Merkel, the White House said. Trump and Merkel also discussed “joining forces to counter” China’s economic practices and alleged intellectual property theft, the White House said, in what would be a further escalation of Trump’s trade actions against China.

The U.S. president also pushed for intensifying cooperation with Turkey on Syria in his call with Macron, according to the White House.

Mafia welcoming in Economy Minister Bekteshi’s cabinet

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The Cabinet of the Minister of Economy Kreshnik Bekteshi set a trap for the editor of the web portal Zhurnal, Behgjet Musliu, when about three weeks ago he was called to a meeting at the ministry, so that the mayor of Kicevo appear there. The meeting was preceded by threats after Zhurnal published an article about the wasteful spending from the budget of municipality of Kicevo. At the meeting at the Ministry of Economy, the editor was pressured and forced by the mayor of Kicevo, Fatmir Dehari, to hear everything he had to tell him. Musliu told Republika about the whole case and said that Economy Minister, who is also from Kicevo, was most likely behind it, with the ultimate goal the medium not to criticize mayor Dehari in the future.

Musliu concluded saying that when he sat into the room, the mayor accompanied with another person entered and addressed him with a tone as if he had cought him in something. Then the Mayor began to tell him that he is a good man and that Musliu has a good family and he should live peacefully.

IMF expects Mexico’s inflation to slow ‘drastically’ in 2018

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The International Monetary Fund (IMF) said on Thursday that the improvement of the Mexican economy expected for 2018 will include a deceleration of inflation and highlighted the exit of the recession in Brazil, but warned about the electoral uncertainty and projected a new collapse in Venezuela this year. The IMF gave more details of an advance of its updated prospects for Latin America that it published this week, in which it raised its economic estimates for Mexico and Brazil based on the expansion in the United States and the rise in the prices of raw materials. In Mexico, the Washington-based agency said that “inflation is projected to drop drastically in 2018 as the effect of the increase in domestic prices for fuel last year fades.” The Fund did not provide projections of price developments.

Good news for Russian economy

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The statement made by the International Monetary Fund that Russia will be among sources of global GDP acceleration reflects objective realities and the Russian economy will be one of the most attractive for investments in coming years, chief executive of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told reporters on Monday. The International Monetary Fund (IMF) improved the estimate of Russia’s GDP growth in 2018 to 1.7% in the report released earlier today. Russia is among primary sources of global GDP acceleration, IMF Economic Counsellor Maurice Obstfeld said when presenting the report.

Bulgaria: Borissov and Juncker about Bulgaria’s EU Presidency

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During a joint conference European Commission President Juncker and Bulgarian Prime Minister Borissov discussed the priorities of the Bulgaria’s EU Presidency semester. They agreed on the aim of a higher connection between Western Balkans and the rest of Europe. Juncker, concerning Bulgaria, showed himself pleased by the progresses achieved in the economy, but that there is still some work to do in order to join the ERM-2. About Turkey, he stated that of course an attempt should be made to normalize relations, but that progress will not be achieved until there are journalists in Turkish prisons.

Eurozone: the next national goal

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Bulgaria’s Economic and Social Council (ESC) declared that the accession to the Exchange Rate Mechanism and the Eurozone should be among the national goals for the Bulgarian economy. The ESC wants to speed up the process in order to access Eurozone: first of all, to grant the shortest stay possible in the ERM II (the Eurozone waiting room). The positive effects of the Eurozone for Bulgaria would be the inclusion in the European Central Bank, the reduction of transaction expenses for the banking system, refinancing of banks, lower interest rates on loans, opportunities for re-financing accumulated debts.

Tunisia: urgent meeting of European ambassadors

in AFRICA/ECONOMY/PRESS RELEASE/REGIONS by

The European Union ambassador to Tunisia, Patrice Bergamini, announced on Thursday, December 7th, 2017, to have called all the ambassadors of the member countries of the European Union in Tunis to an urgent meeting. The ambassador who spoke in an interview with Express Fm on Thursday said the meeting should be held after his meeting today with the head of the national unity government Youssef Chahed. Patrice Bergamini said that this urgent meeting should focus on measures to find a solution to remove Tunisia from the blacklist of 17 tax havens validated last Tuesday by the 28 finance ministers of the European Union. Recall that Patrice Bergamini announced Wednesday, December 06, 2017 that the EU will begin a series of negotiations with Tunisia so that it is removed from the blacklist by January 2018. According to the European leader, the EU is determined to find common ground to overcome this crisis as soon as possible.

 

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