The border crossing point between North Macedonia and Bulgaria, located near Berovo on the Macedonian side and Strumjani on the Bulgarian side, should be opened by 2020. Reconstruction of the road leading to the border has started.
North Macedonia’s GDP in Q2 2020 lost 12.7%, the State Statistical Office of the Republic of North Macedonia stated on Sept. 7. North Macedonia’s GDP in Q2 2020 lost 12.7%, the State Statistical Office of the Republic of North Macedonia stated on Sept. 7. Such a big quarterly decline of the economy was registered only once since the country gained independence 29 years ago, in one quarter of 2001, when an armed conflict broke out. According to the statistical authority, in Q2 exports of goods and services from North Macedonia decreased by 32% in nominal terms, while imports decreased by 30.2%. Economist Nikola Popovski said that North Macedonia was “de facto” in a deep recession even though, formerly, it was not because Q1 had been minimally positive with, as he put it, growth of 0.1 to 0.2%. “That should not fool us, we are de facto in a recession, a deep recession, because 12% in one quarter is a serious blow to the entire year,” Popovski told Telma TV, adding that he expected annual GDP to be 3-5%, provided the pandemic did not strike again. Prime Minister of North Macedonia Zoran Zaev expects that, based on the data for Q1 and Q2, the country’s economy will end this year with the expected projection of a 4% decrease, as a result of the coronavirus crisis.
The Hungarian Wizz Air low cost airline will temporarily cancel 36 routes in the region during winter. The Hungarian Wizz Air low cost airline will temporarily cancel 36 routes in the region during winter. As many as eight routes will be scrapped in Tuzla while Wizz Air has also canceled its only route to Slovenia, the Klix website has reported. This year’s last flight between Charleroi, Belgium and Ljubljana is scheduled to take place on Oct. 24 while expectations are that traffic will resume in March next year. Earlier on, Wizz Air discontinued four routes from Tuzla, and is now canceling four more - to Berlin, Cologne, Baden and Vaxjo. These flights will also resume in March 2021. The four previously cancelled routes were supposed to be re-established in October, however, this is definitely not going to happen this year, the Sarajevo website said. The Hungarian airline has also temporarily suspended flights from Sarajevo to Budapest, which are supposed to resume on Oct. 2.
In Q2 2020, unemployment in the country rose to 16.7%, according to the latest State Statistical Office data. In Q2 2020, unemployment in the country rose to 16.7%, according to the latest State Statistical Office data. “According to the data of the State Statistical Office, in the second quarter of 2020, the active population of the Republic of North Macedonia totals 953,039, of whom 793,416 are employed and 159,623 are unemployed. The activity rate in this period was 56.5%, the employment rate 47.1%, while the unemployment rate was 16.7%,” the State Statistical Office has said.