Macedonia sets minimum wage


Workers in Macedonia must be paid at least 130 euros per month. Also in business news: Finnish telecom giant Nokia will close one of its Romanian plants.

Workers in Macedonia now have a minimum wage. [Reuters]

For the first time, labour unions, employers and the Macedonian government agreed to set a minimum wage in the country. Under the deal, announced by Prime Minister Nikola Gruevski on Saturday (October 1st), workers must be paid at least 130 euros monthly. The agreement will increase the incomes of about 65,000 workers whose pay is not up to this standard. The law on the minimum wage is due to enter into force in 2012.


Turkish Energy Minister Taner Yildiz announced on Saturday (October 1st) that his country has decided to discontinue an existing contract for natural gas supplies with Russian giant Gazprom. The decision came as the Russian side refused to lower the price of its deliveries. In 2010, Russian gas supplies to Ankara amounted to 18 billion cubic metres.


The eurozone finance ministers urged Greece on Monday (October 3rd) to take further austerity measures and move on with privatisation efforts to fill forecasted gaps in its 2013 and 2014 budgets. Thus, they delayed a decision about the next 8 billion-euro tranche of the country's 110 billion-euro bailout package until October 13th at the earliest.


Finnish telecom giant Nokia confirmed on Thursday (September 29th) it is closing its mobile phone plant in the northwestern Romanian town of Jucu by the end of this year. The move is seen as a major blow to Romania's ambitions to become a leading hi-tech hub in the region. It will affect about 2,200 workers. The plant opened in September 2008 after an initial investment of 60m euros.


Montenegrin Finance Minister Milorad Katnic said that his country will be the world's fastest growing tourism destination "with an average growth rate above 5% in the coming ten years". Katnic also forecasted that this year Podgorica will register economic growth that would match, or even exceed, last year's 2.5%, largely due to the tourism boom it is experiencing.


Albania's Central Bank announced last week that it is lowering its benchmark interest rate by 25 basis points -- from 5.25% to 5%. Governor Ardian Fullani explained the decision aims to boost the economy by stimulating consumer spending and investments.


Related Articles


Bulgaria's telecom regulator announced on Monday (October 3rd) that it is holding a tender for a 3G mobile phone network to pave the way for a fourth mobile operator on the local market. Bids will be accepted until December 4th. The price for a 15-year license has been set at around 25m euros. Currently, there are three mobile operators in Bulgaria, all of them foreign-owned.


Kosovo's Minister of Environment and Spatial Planning Dardan Gashi announced that the government has filed charges against a cement factory on accusations it is not monitoring emissions. According to Gashi, the move against SharrCem is part of the government's efforts to take care of "the environment and the health of the people".

(Various sources -- 28/09/11-05/10/11)

This content was commissioned for
  • Email to a friend
  • icon Print Version
  • Share/Save/Bookmark

We welcome your comments on SETimes's articles.

It is our hope that you will use this forum to interact with other readers across Southeast Europe. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. welcomes constructive discussion but discourages the use of copy-pasted materials, unaccompanied links and one-line slogans. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.

SETimes's Comments Policy

Focus on Ukraine


Region, Turkey optimistic about new EU leadersRegion, Turkey optimistic about new EU leaders

Regional officials say the recent personnel changes in the EU will have a positive impact on their countries' relationship with Brussels.

SETimes logo

Most Popular



Should Greece change how it handles illegal immigrants?

I don't know