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Managing Board

Kire Naumov

CHIEF EXECUTIVE OFFICER

Kire Naumov was born in 1971 in Skopje. Upon graduating from the Faculty of Economics at the Ss. Cyril and Methodius University in Skopje at the Department of Business Economics, he began his career in the Agency for Transformation of Enterprises and Social Capital as an associate in the Finance and Control Sector. At the beginning of his career, he worked as an Assistant in the field of mathematics and statistics at the Faculty of Economics in Skopje, as an Advisor to the President of the Government of the Republic of Macedonia on economic issues, Advisor to the President of the Republic of Macedonia on economic issues, Director of the Intelligence Agency of the Republic of Macedonia, Chairman of the Board of Directors of an insurance brokerage company, additional Deputy Minister of Finance and Deputy Minister of Economy.

He has been involved in economic issues related to public debt and public finances as well as challenges in the private sector and public policies for more than 20 years. He has got more than 7 years of experience in advising public policymakers, he is an enthusiast who strives to contribute to a more efficient, transparent, and responsible public financial sector. He has been largely criticizing the public policies which result in unproductive spending and an increase of public debt, as well as the non-transparent public procedures in general.

A person who is constantly upgrading; reading is a special pleasure for him, and it is mostly topics from politics, public policies, history, and indicators of economic development that interest him the most.

 

As of 22.11.2019, Kire Naumov has been performing the duties of a Chief Executive Officer and a member of the Managing Board of the Development Bank of North Macedonia AD Skopje.

Faruk Ismaili

CHIEF OPERATING OFFICER

Faruk Ismaili was born in 1976 in Tetovo. Upon graduating from the Faculty of Economics at the EGE University in Izmir, Turkey, he began his professional career in the Municipality of Tetovo as a local economic development coordinator. At the beginning of his career, he worked as a loan officer to legal entities in Stopanska Banka, as a Branch Manager in Ohridska Banka in Tetovo, and as a Regional Manager of the branches of Ohridska Banka in Tetovo and Gostivar. As of 16.12.2019, Faruk Ismaili has been performing the duties of a Chief Operating Officer and a member of the Managing Board of the Development Bank of North Macedonia AD Skopje.

Supervisory Board

Magdalena Simonovska

PRESIDENT

Magdalena Simonovska was born in 1978 in Skopje. Upon graduating from the Faculty of Economics at the University of Ss. Cyril and Methodius in Skopje, at the Department of Finance and Banking, she began her professional career in ProCredit Banka Skopje, where she worked for sixteen years in a managerial position, starting as a loan officer, and continuing as a Director of the branches in Tetovo, Kumanovo and Skopje and a Regional Director of the branches in Skopje. During her period in ProCredit Banka, she also completed the management academy specialized in general economics, banking, and management of the ProCredit Academy in Frankfurt, Germany, as well as a large number of international trainings. She continued her career as a director of various sectors in the central administration, and then as a Director of the small and medium-sized business clients branch of the Central Administration of ProCredit Banka in Skopje. In 2020, she started working as a special advisor to the Minister of Finance, and in 2021 as a state advisor for the financial system in the Ministry of Finance.

Advisor to the Minister of Finance in the area of ​​financial systems, public debt and international finance, public revenues and tax and customs policy, as well as macroeconomics, support in direct foreign investments and relations of the private sector with the Government. Experience in research and creation of economic policies, development finance, and competitiveness. With a proven work history of 17 years in the banking industry, she is skilled in negotiation, and business planning, with analytical abilities and market research. Professional experience in public finance, banking and the entire financial industry, investment management and management consulting, and projects for small and medium-sized private companies and institutions in the public sector.

 

As of 06.12.2021, she has been performing the function of a President of the Supervisory Board of the Development Bank of North Macedonia AD Skopje.

Milaim Ameti

MEMBER

Milaim Ameti was born in 1991 in the Republic of North Macedonia. Upon completing the Faculty of Economics at the University of Ss. Cyril and Methodius in Skopje, he started his professional career as a Project Assistant in the Economic Chamber of Northwestern Macedonia on several projects, namely as the Head of the Chamber, Technical Assistant, and Project Manager for RNM, Slovenia, and France. He worked as a researcher for Helvetas M, a Project Coordinator for RNM in the Economic Chamber of Northwestern Macedonia, and then as an Operating Officer of the Economic Chamber of Northwestern Macedonia. He worked as the Operating Officer of Set-Holding, and in 2021 he undertook the duties of following the structural reforms and management of the cabinet of the Deputy Prime Minister of the RNM, being in charge of economic issues, coordination with the economic ministries and investments.

At the same time, he also worked as an external evaluator and specialist in monitoring and evaluating the projects financed by donors.

Over eight years of experience in the Chamber of Entrepreneurship and Small Business Development Policies, regional strategies for balanced development, a Project Manager of seven donor-funded projects and ten inter-project chambers, and experience in the consulting sector. Areas of expertise: project cycle management, economic analyses, macro-economic strategies, development of follow-up, and assessment tools.

 

As of 10.12.2021, Milaim Ameti has been performing the function of a member of the Supervisory Board of the Development Bank of North Macedonia AD Skopje.

Vjollca Ejupi

MEMBER

Vjollca Ejupi was born in 1984 in the Republic of North Macedonia. Upon graduating from the Faculty of Business Administration, Department of Finance, at the South East European University in Tetovo, she began her professional career in the financial sector of the Pension and Disability Insurance Fund of North Macedonia. In the Ministry of Economy, she started as the Head of the accounting and payments department and then continued as a financial advisor in the Cabinet of the Minister of Economy in January 2020. Since then she has been in the position of a State Advisor for financial issues.

 

As of 10.12.2021, she has been performing the function of a member of the Supervisory Board of Development Bank of North Macedonia AD Skopje.

Elena Pagovska Peltekovski

MEMBER

Elena Pagovska Peltekovski was born in 1984 in Skopje. She graduated from the Faculty of Economics at the Ss. Cyril and Methodius University in Skopje, at the Department of Management, and completed her postgraduate studies at the Institute of Economics at the Ss. Cyril and Methodius University in Skopje, at the Department of International Management. She began her career in the Government of the Republic of North Macedonia - General Secretariat, as an Associate in the Department for Financial Issues. In the course of her career, she worked as the Head of the Financial Affairs Sector at the Government of the Republic of North Macedonia - General Secretariat, as an Assistant Secretary for financial issues in the Office of the President of the Government of the Republic of North Macedonia, in the Secretariat for Monitoring and Supporting Institutions and the implementation of the program of the Government of the Republic of North Macedonia and strategic projects.

She has been actively involved in activities in the field of financial and accounting work, budget work, economic management, supporting and coordinating the processes and systems of the General Secretariat, and coordinating the implementation of recommendations upon audits for more than 13 years. She has been a part of the successful implementation of projects within the Government of the Republic of North Macedonia in accordance with the Air Pollution Reduction Program, successful implementation of the components of state aid, regulation of special laws, successful implementation of several economic measures, as well as the work processes of strategic investments.

As of 13.04.2022, Elena Pagovska Peltekovski has been performing the duties of a member of the Supervisory Board of the Development Bank of North Macedonia AD Skopje

Maja M. Angelovska

MEMBER

Maja M. Angelovska was born in 1965 in Skopje. She completed her education at the University of St. Cyril and Methodius, Faculty of Law and Political Sciences - administrative and political department in 1989. She acquired additional training at the Deutsche Telekom Academy for Design For Six Sigma and for project management at the MATÁV Center, as well as training for public communication skills. Insurance Broker since 2023 with a Certificate issued by the ISA.
She started her career in the Public Enterprise PTT Macedonia in 1991 until 2015. From 2017 to 2019, she joined the team of A1 Macedonia in the processes of operational merger and rebranding. Since March 2022, she has been working as an External Advisor to the President of the Government of the Republic of North Macedonia for Digitization. Currently, she is a Director of Internal Sales Network Service at Croatia Osiguruvanje–Life AD, and as of 13.11.2023, she has been performing the function of a member of the Supervisory Board of the Development Bank of the Republic of North Macedonia.

Maja M. Angelovska has realized his work experience as Executive Director for the development of sales channels and sales management in the corporate and residential segment in Makedonski Telekom AD, Director of residential customer sales in A1 Macedonia, Director of the Internal Sales Network in Croatia Osiguruvanje-Life.
Functional specialties: executive management, business strategy, innovation, business development, product and service development, digitalization of processes, complex application and operational mergers, and human resource management.
Operational experience: sales in financial institutions insurance-life, fixed and mobile telecommunications (sales strategy, technology, product development, innovation, business transformation), specialized payment products (credit products, insurance of mobile devices, prepaid cards, mobile payments), partner networks, motivation systems based on value creation, growth strategies, product and service innovation, entrepreneurship, facilitation and mentoring (young leaders, high potentials and start-ups). 
 

"Inspired by innovation and leadership that combines optimism with pragmatic realism, I find an opportunity where others do not see it. By looking at things differently and making things happen in corporate, consulting, and environments that enthusiastically start new chapters, I realize my professional career. All this gives me broad and new perspectives that provide the motive for new transformative ideas. Finding solutions to difficult challenges is what drives me".