COVID-19 Information and Protocol

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Roundtable on Forecasting and Measures of the Coronavirus effect on the Economy was held

“Forecasting and Measures of the Coronavirus Effect on the Economy”, was the topic of the roundtable, which was held today (10.03.2020) at the South East European University in Tetovo, organized by the Faculty of Business and Economics (FBE).

The debate was opened by the Dean of the FBE, Prof. Dr. Hyrije Abazi, who said the purpose of the roundtable was to provide an economic overview of the situation caused by the effects of coronavirus globally and locally. The sectors most likely to be affected are tourism and import of goods.

The Rector of South East European University, Acad. Prof. Dr. Abdylmenaf Bexheti, as one of the panelists, spoke about the macroeconomic perspective of the effect of the coronavirus.

"The aim is to present our views on the effects of coronavirus on the global economy and especially on the local economy, through arguments. At present, macroeconomic parameters suggest that the economy of North Macedonia is stable, but I would recommend that the Government of the Republic of Northern Macedonia to take preventive economic measures to mitigate the impact of the coronavirus effect" said Rector Bexhet in his address.

He emphasized that the effect of the coronavirus affects the powerful global economies and this necessarily has an impact on the economy of North Macedonia. Currently the effect of coronavirus is psychological, but it does not exclude the possibility that the effect will be more worrisome if continues.

Sparkasse Bank CEO Gligor Bishev spoke about the impact of the corona virus on the banking sector. He said this sector is very stable, but that the long-term effects will be noticeable if the situation lasts more than 60 days.

Regarding the reactions of the real economic sector, spoke Mr. Zoran Jovanovski, representative of the Economic Chamber of Macedonia.

The round table continued with discussions by students and staff of the University, which covered many different aspects of the impact of the coronavirus effects.

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