New Policy Study 5️⃣0️⃣! 📊✨

A new detailed study on the #informal economy in North Macedonia reveals important insights and policy recommendations.
Key findings:
👉 Undeclared work: Constitutes about 21.1% of total labor #input, with significant presence in the #manufacturing industry and #construction sector.
👉 Income underreporting: Households underreport approximately MKD 9.7 billion, with underreporting of income from #employment at 3.7%, while income from #rent has a high rate of 70.4%.
👉 Sectoral dynamics: In the manufacturing industry, underreporting of #wages (so-called envelope wages) is more prevalent, while in construction and retail, fully undeclared #workers are more common.
👉 Targeted interventions: Recommendations include fostering #startups in low productivity sectors, offering targeted #financial aid, and improving #monitoring mechanisms to effectively tackle undeclared work and income underreporting.
Stay informed on the latest economic findings and policy recommendations to drive sustainable development and formalize the informal economy! 🌟📈 #EconomicStudy #PolicyRecommendations #InformalEconomy
For more details, read the full study: rb.gy/77jkpd! 📚

Memorandum with Comfy Angel for Piloting Productivity Measures

⚙️📈Increasing productivity is key to boosting competitiveness.
✍️We will work with the business sector to identify measures that contribute to higher productivity, and through impact evaluation, we will measure which measures yield results.
🤝Together with Comfy Angel, we will pilot measures aimed at enhancing productivity. For this purpose, we have signed a memorandum of cooperation.
🎯The goal of this action is to encourage and enable women to reach their full potential in the labor market, with a special focus on productivity. British Embassy Skopje

Debate Club on the Topic of Productivity with the Business Sector in Prilep

🗣 Debate Club on the topic of productivity and how to foster it, with the business sector in Prilep.
📊📇 In the upcoming period, we will work together on implementing and measuring measures that have the potential to boost productivity, with a focus on women’s productivity.
20 representatives from the most significant companies in Prilep, including domestic and foreign investors from various sectors, participated.
Support was also received from the Mayor of Prilep Municipality, Borche Jovcheski, and Rotary Club Prilep.
British Embassy Skopje

Finance Think at the Civil Society Forum for the Western Balkans and Turkey in Belgrade

🇲🇰 The Civil Society Forum for the Western Balkans and Turkey, has been held from June 11 to 13 in Belgrade, Serbia, supported by organized by the EU TACSO 3 and DG Near.

This forum allows civil society organizations to network and discuss key issues. This year’s focus was on the renewed interest in EU enlargement 🌍, featuring discussions on the Western Balkans Growth Plan 📈 and various other topics.

Finance Think’s Blagica Petreski discussed the Growth Plan, lack of consultation, and the need for proper planning and monitoring 🤝.