How Could Declaring a State of Crisis Affect Companies in North Macedonia?
Author: Metodija Velkov, Polenak Law Firm
The adoption of a decision on the existence of a crisis situation by the Government of the Republic of North Macedonia could have implications for the ordinary operations of companies.
After the adoption of such a decision, the Government also adopts a decision for the use and management of the resources of other entities in the country for such a crisis.
These entities are primarily the bodies of the state administration and the bodies of the municipalities and the city of Skopje.
However, the Government may decide to also use the resources of public…
North Macedonia Adopted the Fourth Package of Measures to Support the Economy during the COVID-19 Pandemic
The package is focused on the extension of the previously adopted measures with the purpose of further revitalization of the country’s economy.
CEE Legal Matters: Interview with Tatjana Shishkovska, Partner at Polenak Law Firm
Tatjana Shishkovska, partner at Polenak Law Firm talked about North Macedonia’s NATO accession and the green light to opening EU accession talks, which are strong indicators of political stability in North Macedonia, in the latest edition of CEE Legal Matters.
Post COVID-19: Financial Support for Investment Projects in North Macedonia
1. Introduction
On 09 June 2020, the Government of the Republic of North Macedonia (the “Government”) adopted a decree with a legal effect as a law that extends the provision of financial support to companies in the industrial sector by co-financing investment projects in the period between March 2020 and December 2021.
2. Amount of the financial support
Companies may be provided with financial support in the amount of up to 25% of the realized investment project in accordance with the investment plan. Depending on the total revenue in 2019, the companies may apply for:
up to EUR 40,000…
The 'New Normal' of the Reopened Workplace
Authors: Iva Djugumanova and Ivana Slaveska, Polenak Law Firm
The Government of the Republic of North Macedonia adopted the Protocol on preventive measures for all workplaces in order to prevent transmission of COVID-19.
This Protocol is applicable for all workplaces and all people in the workplace, such as employers, employees, managers, contractors, customers and visitors. It includes measures related to personal hygiene and protective equipment, recommendations for respiratory hygiene and physical distancing in the workplace, as well as reducing travel related to work and a separate organisation…
New State of Emergency
On 30 May 2020 the President of the Republic of North Macedonia declared a new state of emergency, the fourth in a row, for a period of additional 14 days.
Public Call for Loan Applications
The Development Bank of the Republic of North Macedonia announced its second public call for providing interest-free loans to local companies.
Bankruptcy and Enforcement Procedures during COVID-19 Crisis
The Government of the Republic of North Macedonia adopted measures for postponement of enforcement procedures and bankruptcy procedures.
Tax Exemptions Due to COVID-19 Crisis
In order to help the local businesses, the Government of the Republic of North Macedonia adopted two decrees with legal effect as law, providing tax exemptions primarily for businesses working in most affected sectors, such as tourism, transport and hospitality, applicable to companies and taxpayers which are performing an independent activity.
