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MINIMUM SALARY TO GO UP AGAIN IN 2019.

Higher salaries, smaller unemployment rate, more investments and stabilization of the public debt are the main economic goals for 2019, said Prime Minister Zoran Zaev and Finance Minister Dragan Tevdovski at the press conference they held together Thursday.

Prime Minister Zaev said the average salary was 400 euros now and would climb up to 500 euros by the end of this government's term.

"The minimum wage has considerably contributed to the salary increase in general. That is why we are going to raise the minimum wage further up this year. I also wish to point out to textile and leather industry business owners that we are going to do this very carefully," Zaev said.

Speaking about the measures taken in 2018, he said that the cheap electricity tariff had left with the citizens 11.4 million euros and the cancelled broadcasting fee 15 million euros. Zaev also said that the government support for home and foreign companies this year would be higher by about 40 percent.

Of the projects carried out in 2018, he laid stress on the 15 issued licenses for production of medical marijuana. These facilities are expected to have annual income of 100 million euros, or one percent of GDP.

Prime Minister Zaev explained that the capital investment execution in 2018 was 67 percent relative to the revised budget projection.

"A lot of payments were made in December and thus we reached this figure. We are by no means satisfied though. Next year I expect the execution of capital investments to be much better. We have dealt with the projects in which there were problems and the issue of denationalization has been largely sorted out," Zaev said.

He also said that while the progressive tax rate will affect only one percent of the population, the welfare payments to over 70 percent of social risk families will go up from 3,900 to 11,700 denars.

Minister Tevodvski said that gross investments in 2019 were expected to grow 4.3 percent.

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Title Annotation:BUSINESS NEWS
Publication:INFOMAC Daily News Service
Date:Jan 4, 2019
Words:333
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