On current economic topics, Blagica Petreski in Bloomberg Adria

On current economic topics, our Executive Director, Blagica Petreski discussed in the show “Zoom in” on Bloomberg Adria MKD

In the budget proposal for the next year, fiscal consolidation is announced, and on the other hand, we are creating a budget where there is a greater growth in wages in relation to the total growth in expenditures, which is a sign of inconsistency in the intentions of the authorities, Blagica Petreski, executive director of “Finance Think” points out. ” in an interview for “Bloomberg Adria”.

In terms of capital expenditures this year, they are more realistic compared to last year, Petreski points out.

The whole conversation at the following link:
https://mk.bloombergadria.com/…/visokite-kamatni…/news/

Our review #study at a UNDP conference

📖 Finance Think presented the latest review #study “Youth on the labor market” at the conference “Through the prism of youth: Increasing youth potential on the labor market in building the future we desire”, organized by UNDP MK.
📌 The situation with young people on the labor market is continuously improving, although they remain in a less favorable position compared to other age groups.
📌 Initiatives like #YouthGuarantee, implemented by the Ministry of Labor and Social Policy, are a positive impulse for youth outcomes on the labor market.
📌 Education and skill acquisition are key in modern society. Quality education and skills development in areas such as information technology, innovation and entrepreneurship can significantly increase the chances of success and contribute to the economic development of the country.
Photo credit: UNDP.

Regional workshop in cooperation with the ILO

Finance Think in collaboration with the International Labour Organization conducted the regional workshop “Peer Learning Exchange on Labour Force Movement and Seasonal Work: Addressing undeclared Work”, part of the regional project implemented by ESAP2 and funded by the EU.

Finance Think at the 9th Western Balkan Civil Society Forum in Тhessaloniki

Finance Think participated in the 9th Western Balkan Civil Society Forum, which was held on October 19 and 20, 2023 in Thessaloniki, Republic of Greece, organized by the EESC – European Economic and Social Committee.

The Forum focused on #skills and the Youth Guarantee, as well as the #green agenda, which are an integral part of our research programs.

The forum brought together 120 participants, including a wide range of civil society representatives from the EU and the Western Balkans, as well as representatives of EU institutions, international organizations and governments from the region.

A second debate club on multidimensional child poverty

Today we held the second debate club to identify policy overlaps, gaps, priorities and common goals related to multidimensional child poverty.

The club was attended by representatives from the sectors of social protection, education and health, and from the State Statistics Office

We conducted the club as part of the partnership action with UNICEF MK.

Finance Think at the Annual Meetings of the IMF and the World Bank in Marrakech

Our Blagica Petreski is participating in the Annual Meetings of the International Monetary Fund and the World Bank, which are being held this year in Marrakech, the Kingdom of Morocco, October 9-15, 2023.

A week filled with #debate, #research inspiration and new insights into global and domestic economic #policies.

In Top Tema, Blagica Petreski spoke on current economic topics

📌 Price growth was almost entirely driven by #external factors during 2022. However, when those prices began to decline significantly … those declines were not properly transmitted to the domestic economy. In the area of food, domestic factors are reduced to #combined action of traders and, sometimes, of producers/processors, in the direction of price maintenance.
📌 Freezing prices has proven necessary in conditions where markets are quasi-competitive and should, within a reasonable, fixed period, calm such behavior.
📌 However, there is also a domestic segment – labor, whose price has risen in the meantime. According to our recent analysis, the main pressure on the price of labor is the lack of staff in the market, and the second factor is the minimum wage.
📌 We, as Finance Think, were the first since the beginning of the year to point out such tendencies of association in order to maintain prices, and even then we called for the involvement of the Antimonopoly Commission, according to its competences, but to have a proactive approach.
📌 Overall, the design of measures should be systemically designed and targeted.