Around 25 thousand companies may be shut down in FYR Macedonia

Around 25 thousand companies may be shut down in FYR Macedonia

Skopje, May 15, 2014/Independent Balkan News Agency

By Naser Pajaziti

Around 25 thousand private companies may be outlawed, in case they do not submit their 2013 financial accounts until the end of the year, even if there hasn’t been business activity.

This warning has been issued by the Institution of the Central Registrar in Skopje, which registers and keeps track of the companies registered in the country.

“So far, around 25 thousand companies have not yet submitted their financial accounts for 2013. 92 thousand others have not submitted the annual accounts. A part of the companies have taken care of this in an electronic way. If companies do not submit the annual account for last year until December 31, 2014, the Central Registrar will shut down these companies”, says the head of Central Registrar, Vanco Kostadinovski.

According to him, 14 thousand companies are now submitting their annual business accounts online.

As of this year, the application of the online system has started, where businesses have been able to save time by sending all the necessary documents online.

“We will continue to promote this new concept and we will continue the campaign to inform companies about the use of the online system”, declared Kostadinovski.

In FYR Macedonia, there are around 103 thousand companies, 70 thousand of which are active. But, the main problem for the system consists on the 33 thousand inactive companies which continue to be registered. /ibna/