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

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